CSI Compressco LP (CCLP) Receives $7.50 Consensus Target Price from Analysts

Shares of CSI Compressco LP (NASDAQ:CCLP) have been given a consensus recommendation of “Hold” by the six brokerages that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $7.50.

Several equities research analysts have recently issued reports on CCLP shares. Zacks Investment Research downgraded shares of CSI Compressco from a “hold” rating to a “sell” rating in a research report on Thursday, May 25th. Bank of America Corporation lowered their price objective on shares of CSI Compressco from $6.50 to $5.00 and set an “underperform” rating for the company in a research report on Wednesday, August 23rd. Stifel Nicolaus set a $5.00 price objective on shares of CSI Compressco and gave the stock a “hold” rating in a research report on Friday, August 25th. Royal Bank Of Canada reissued a “hold” rating and set a $8.00 price objective on shares of CSI Compressco in a research report on Monday, August 21st. Finally, Capital One Financial Corporation reissued an “equal weight” rating on shares of CSI Compressco in a research report on Tuesday, August 8th.

Shares of CSI Compressco (NASDAQ:CCLP) traded up 2.47% during midday trading on Friday, hitting $4.97. 55,353 shares of the company’s stock were exchanged. CSI Compressco has a 52 week low of $4.12 and a 52 week high of $13.54.

CSI Compressco (NASDAQ:CCLP) last issued 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 net margin of 17.01% and a negative return on equity of 36.43%. The company had revenue of $75.32 million during the quarter, compared to the consensus estimate of $66.64 million. On average, equities research analysts anticipate that CSI Compressco will post ($1.10) earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “CSI Compressco LP (CCLP) Receives $7.50 Consensus Target Price from Analysts” was first reported by Transcript Daily and is owned by of Transcript Daily. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The legal version of this story can be read at https://transcriptdaily.com/2017/09/22/csi-compressco-lp-cclp-receives-7-50-consensus-target-price-from-analysts.html.

A number of institutional investors and hedge funds have recently made changes to their positions in CCLP. FMR LLC boosted its holdings in CSI Compressco by 91.7% during the second quarter. FMR LLC now owns 1,353,231 shares of the oil and gas company’s stock worth $6,563,000 after purchasing an additional 647,176 shares during the last quarter. Airain ltd acquired a new position in CSI Compressco during the second quarter worth $796,000. OppenheimerFunds Inc. boosted its holdings in CSI Compressco by 1.8% during the first quarter. OppenheimerFunds Inc. now owns 3,050,772 shares of the oil and gas company’s stock worth $29,898,000 after purchasing an additional 54,809 shares during the last quarter. Parkwood LLC boosted its holdings in CSI Compressco by 69.8% during the second quarter. Parkwood LLC now owns 111,621 shares of the oil and gas company’s stock worth $541,000 after purchasing an additional 45,900 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in 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 worth $754,000 after purchasing an additional 38,319 shares during the last quarter. Institutional investors and hedge funds own 28.67% of the company’s stock.

About CSI Compressco

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.

Analyst Recommendations for CSI Compressco (NASDAQ:CCLP)

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply