Shares of CSI Compressco LP (NASDAQ:CCLP) have been given a consensus rating of “Hold” by the six ratings firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $4.88.

Several research firms recently issued reports on CCLP. Zacks Investment Research lowered shares of CSI Compressco from a “hold” rating to a “sell” rating in a report on Tuesday, October 9th. Janney Montgomery Scott downgraded shares of CSI Compressco from a “buy” rating to a “neutral” rating in a research report on Friday, October 12th. Finally, Raymond James downgraded shares of CSI Compressco from an “outperform” rating to a “market perform” rating in a research report on Thursday, December 13th.

CCLP stock traded down $0.04 during trading hours on Friday, reaching $2.95. 1,868 shares of the stock were exchanged, compared to its average volume of 330,024. CSI Compressco has a 12 month low of $2.10 and a 12 month high of $8.05. The company has a current ratio of 1.79, a quick ratio of 1.03 and a debt-to-equity ratio of 9.11. The stock has a market cap of $133.64 million, a PE ratio of -2.52 and a beta of 2.01.

CSI Compressco (NASDAQ:CCLP) last issued its quarterly earnings data on Wednesday, November 7th. The oil and gas company reported ($0.18) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by ($0.04). The company had revenue of $115.26 million for the quarter, compared to analyst estimates of $108.80 million. CSI Compressco had a negative return on equity of 54.97% and a negative net margin of 11.45%. On average, analysts forecast that CSI Compressco will post -0.86 earnings per share for the current fiscal year.

In other CSI Compressco news, President Owen Serjeant bought 22,700 shares of the firm’s stock in a transaction dated Thursday, December 27th. The stock was bought at an average cost of $2.14 per share, with a total value of $48,578.00. Following the completion of the transaction, the president now directly owns 165,168 shares in the company, valued at approximately $353,459.52. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.36% of the company’s stock.

A number of hedge funds have recently modified their holdings of CCLP. Hilltop Holdings Inc. boosted its stake in CSI Compressco by 23.5% in the second quarter. Hilltop Holdings Inc. now owns 97,150 shares of the oil and gas company’s stock valued at $542,000 after acquiring an additional 18,500 shares during the last quarter. Huber Capital Management LLC purchased a new position in CSI Compressco in the third quarter valued at about $364,000. WealthTrust Axiom LLC boosted its stake in CSI Compressco by 41.1% in the third quarter. WealthTrust Axiom LLC now owns 352,500 shares of the oil and gas company’s stock valued at $1,815,000 after acquiring an additional 102,700 shares during the last quarter. FMR LLC boosted its stake in CSI Compressco by 11.4% in the third quarter. FMR LLC now owns 1,580,054 shares of the oil and gas company’s stock valued at $8,137,000 after acquiring an additional 161,467 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in CSI Compressco by 120.3% in the second quarter. Renaissance Technologies LLC now owns 308,002 shares of the oil and gas company’s stock valued at $1,719,000 after acquiring an additional 168,218 shares during the last quarter. 26.17% of the stock is owned by institutional investors and hedge funds.

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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