ValuEngine upgraded shares of CSI Compressco LP (NASDAQ:CCLP) from a strong sell rating to a sell rating in a report published on Monday.

A number of other research firms have also recently issued reports on CCLP. Capital One Financial Corporation reiterated an equal weight rating on shares of CSI Compressco in a research note on Tuesday, August 8th. Zacks Investment Research upgraded CSI Compressco from a sell rating to a hold rating in a research note on Tuesday, July 11th. Stifel Nicolaus set a $5.00 target price on CSI Compressco and gave the company a hold rating in a research note on Friday, August 25th. Royal Bank Of Canada reiterated a hold rating and issued a $8.00 target price on shares of CSI Compressco in a research note on Monday, August 21st. Finally, Bank of America Corporation cut their target price on CSI Compressco from $6.50 to $5.00 and set an underperform rating on the stock in a research note on Wednesday, August 23rd. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $6.00.

CSI Compressco (NASDAQ:CCLP) traded down 1.54% during mid-day trading on Monday, reaching $5.13. 12,423 shares of the company traded hands. CSI Compressco has a 52-week low of $4.12 and a 52-week high of $13.54.

CSI Compressco (NASDAQ:CCLP) last announced its quarterly earnings data on Tuesday, August 8th. The oil and gas company reported ($0.21) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.25) by $0.04. CSI Compressco had a negative return on equity of 36.43% and a negative net margin of 17.01%. The firm had revenue of $75.32 million for the quarter, compared to analysts’ expectations of $66.64 million. Equities analysts expect that CSI Compressco will post ($1.10) earnings per share for the current year.

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Hedge funds and other institutional investors have recently modified their holdings of the stock. Citadel Advisors LLC bought a new stake in shares of CSI Compressco during the first quarter valued at about $136,000. Virtu KCG Holdings LLC bought a new stake in shares of CSI Compressco during the second quarter valued at about $146,000. Aegis Financial Corp raised its stake in shares of CSI Compressco by 22.0% during the second quarter. Aegis Financial Corp now owns 61,000 shares of the oil and gas company’s stock valued at $296,000 after purchasing an additional 11,000 shares in the last quarter. Parkwood LLC raised its stake in shares of CSI Compressco by 69.8% during the second quarter. Parkwood LLC now owns 111,621 shares of the oil and gas company’s stock valued at $541,000 after purchasing an additional 45,900 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of CSI Compressco by 99.3% during the first quarter. Renaissance Technologies LLC now owns 76,912 shares of the oil and gas company’s stock valued at $754,000 after purchasing an additional 38,319 shares in the last quarter. Institutional investors and hedge funds own 28.67% of the company’s stock.

CSI Compressco Company Profile

CSI Compressco LP 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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