CSI Compressco (NASDAQ:CCLP) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday, February 4th.
A number of other research firms have also recently commented on CCLP. Zacks Investment Research cut CSI Compressco from a “buy” rating to a “hold” rating in a research report on Thursday, November 29th. Raymond James cut CSI Compressco from an “outperform” rating to a “market perform” rating in a research report on Thursday, December 13th. Finally, Janney Montgomery Scott cut CSI Compressco from a “buy” rating to a “neutral” rating in a research report on Friday, October 12th. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $5.92.
CCLP stock traded down $0.03 during trading on Monday, hitting $3.10. 252,332 shares of the company traded hands, compared to its average volume of 160,170. The stock has a market cap of $118.62 million, a P/E ratio of -3.60 and a beta of 2.18. CSI Compressco has a 1 year low of $2.10 and a 1 year high of $7.83. The company has a current ratio of 1.79, a quick ratio of 1.03 and a debt-to-equity ratio of 9.11.
In related news, President Owen Serjeant acquired 22,700 shares of the stock in a transaction on Thursday, December 27th. The shares were bought at an average price of $2.14 per share, with a total value of $48,578.00. Following the completion of the purchase, the president now owns 165,168 shares of the company’s stock, valued at approximately $353,459.52. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.36% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CCLP. Virtu Financial LLC acquired a new position in shares of CSI Compressco in the 4th quarter valued at $41,000. Geode Capital Management LLC lifted its stake in CSI Compressco by 42.7% during the 4th quarter. Geode Capital Management LLC now owns 39,094 shares of the oil and gas company’s stock worth $90,000 after acquiring an additional 11,701 shares in the last quarter. Huber Capital Management LLC acquired a new position in CSI Compressco during the 3rd quarter worth about $364,000. Wiley BROS. Aintree Capital LLC acquired a new position in CSI Compressco during the 4th quarter worth about $446,000. Finally, Intrinsic Edge Capital Management LLC acquired a new position in CSI Compressco during the 4th quarter worth about $464,000. 29.68% of the stock is currently owned by institutional investors.
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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