Analysts Set CSI Compressco LP (CCLP) PT at $7.00

Shares of CSI Compressco LP (NASDAQ:CCLP) have been assigned an average recommendation of “Hold” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $7.00.

Several equities analysts have recently issued reports on the stock. ValuEngine downgraded shares of CSI Compressco from a “hold” rating to a “sell” rating in a report on Monday, February 4th. Zacks Investment Research upgraded shares of CSI Compressco from a “hold” rating to a “buy” rating and set a $4.25 price objective on the stock in a report on Friday, December 14th. Finally, Raymond James downgraded shares of CSI Compressco from an “outperform” rating to a “market perform” rating in a report on Thursday, December 13th.

Shares of CCLP traded up $0.07 during mid-day trading on Friday, hitting $2.84. 63,000 shares of the company traded hands, compared to its average volume of 195,764. CSI Compressco has a 1-year low of $2.10 and a 1-year high of $7.67. The company has a quick ratio of 0.92, a current ratio of 1.61 and a debt-to-equity ratio of 9.39. The company has a market cap of $130.11 million, a P/E ratio of -3.30 and a beta of 2.26.

Several institutional investors and hedge funds have recently bought and sold shares of CCLP. KG&L Capital Management LLC purchased a new stake in CSI Compressco in the fourth quarter valued at approximately $35,000. Virtu Financial LLC purchased a new stake in CSI Compressco in the fourth quarter valued at approximately $41,000. Geode Capital Management LLC boosted its position in CSI Compressco by 42.7% in the fourth quarter. Geode Capital Management LLC now owns 39,094 shares of the oil and gas company’s stock valued at $90,000 after buying an additional 11,701 shares during the last quarter. Huber Capital Management LLC purchased a new stake in CSI Compressco in the third quarter valued at approximately $364,000. Finally, Wiley BROS. Aintree Capital LLC purchased a new stake in CSI Compressco in the fourth quarter valued at approximately $446,000. Hedge funds and other institutional investors own 29.57% of the company’s stock.

CSI Compressco Company Profile

CSI Compressco LP provides compression services and equipment for natural gas and oil production, gathering, transportation, processing, and storage applications in the United States and internationally. It fabricates and sells standard and custom-designed compressor packages, oilfield fluid pump systems, and compressor package parts and components, as well as provides aftermarket services, such as operations, maintenance, overhaul, and reconfiguration services.

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