CSI Compressco LP (NASDAQ:CCLP) Receives $10.25 Average Price Target from Analysts
CSI Compressco LP (NASDAQ:CCLP) has earned a consensus rating of “Hold” from the eight analysts that are covering the firm. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $10.25.
A number of research analysts have recently commented on CCLP shares. Janney Montgomery Scott raised shares of CSI Compressco from a “neutral” rating to a “buy” rating and increased their target price for the stock from $10.00 to $12.00 in a report on Friday, September 23rd. Zacks Investment Research cut shares of CSI Compressco from a “buy” rating to a “hold” rating in a report on Tuesday, July 19th.
CSI Compressco (NASDAQ:CCLP) opened at 10.91 on Thursday. CSI Compressco has a one year low of $3.74 and a one year high of $14.97. The company’s 50-day moving average is $9.93 and its 200-day moving average is $8.59. The firm’s market cap is $362.51 million.
CSI Compressco (NASDAQ:CCLP) last announced its quarterly earnings data on Friday, August 5th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by $0.03. The firm had revenue of $76.10 million for the quarter, compared to analyst estimates of $81.70 million. CSI Compressco had a negative return on equity of 6.41% and a negative net margin of 67.25%. On average, analysts forecast that CSI Compressco will post ($0.48) earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. ING Groep NV acquired a new position in shares of CSI Compressco during the first quarter worth about $609,000. Mariner Wealth Advisors LLC acquired a new position in shares of CSI Compressco during the first quarter worth about $317,000. Renaissance Technologies LLC acquired a new position in shares of CSI Compressco during the first quarter worth about $328,000. WealthTrust Axiom LLC raised its position in shares of CSI Compressco by 1.5% in the second quarter. WealthTrust Axiom LLC now owns 195,800 shares of the company’s stock worth $1,597,000 after buying an additional 2,850 shares during the period. Finally, GSA Capital Partners LLP acquired a new position in shares of CSI Compressco during the second quarter worth about $243,000. Institutional investors and hedge funds own 29.01% of the company’s stock.
About CSI Compressco
CSI Compressco LP, formerly Compressco Partners, L.P., is a provider of compression services and equipment for natural gas and oil production, gathering, transportation, processing and storage. The Company sells custom-designed compressor packages and oilfield fluid pump systems, and provides aftermarket services and compressor package parts and components manufactured by third-party suppliers.
Receive News & Stock Ratings for CSI Compressco LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CSI Compressco LP and related stocks with our FREE daily email newsletter.