CSI Compressco LP (CCLP) Receives $7.00 Consensus Price Target from Brokerages

Shares of CSI Compressco LP (NASDAQ:CCLP) have received a consensus rating of “Hold” from the six analysts that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $7.00.

CCLP has been the topic of several analyst reports. Zacks Investment Research downgraded shares of CSI Compressco from a “buy” rating to a “hold” rating in a report on Wednesday, January 16th. ValuEngine downgraded shares of CSI Compressco from a “hold” rating to a “sell” rating in a report on Monday, February 4th.

Several hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its holdings in shares of 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 worth $90,000 after buying an additional 11,701 shares in the last quarter. KG&L Capital Management LLC purchased a new position in shares of CSI Compressco in the fourth quarter worth $35,000. Virtu Financial LLC purchased a new position in shares of CSI Compressco in the fourth quarter worth $41,000. Raymond James & Associates lifted its holdings in shares of CSI Compressco by 53.5% in the fourth quarter. Raymond James & Associates now owns 216,915 shares of the oil and gas company’s stock worth $503,000 after buying an additional 75,611 shares in the last quarter. Finally, WealthTrust Axiom LLC lifted its holdings in shares of CSI Compressco by 26.1% in the fourth quarter. WealthTrust Axiom LLC now owns 444,400 shares of the oil and gas company’s stock worth $1,031,000 after buying an additional 91,900 shares in the last quarter. 29.87% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:CCLP opened at $2.95 on Tuesday. The company has a current ratio of 1.61, a quick ratio of 0.92 and a debt-to-equity ratio of 9.39. CSI Compressco has a 1-year low of $2.10 and a 1-year high of $7.67. The company has a market cap of $138.77 million, a price-to-earnings ratio of -3.43 and a beta of 2.25.

CSI Compressco (NASDAQ:CCLP) last issued its quarterly earnings results on Wednesday, February 27th. The oil and gas company reported ($0.08) earnings per share for the quarter, meeting the consensus estimate of ($0.08). CSI Compressco had a negative net margin of 8.43% and a negative return on equity of 49.69%. The business had revenue of $138.07 million for the quarter, compared to the consensus estimate of $129.66 million. On average, equities research analysts predict that CSI Compressco will post -0.27 EPS for the current fiscal year.

About CSI Compressco

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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