CSI Compressco (NASDAQ:CCLP) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of CSI Compressco (NASDAQ:CCLP) in a report issued on Tuesday morning. The firm issued a buy rating on the oil and gas company’s stock.

CSI Compressco Stock Performance

Shares of NASDAQ CCLP opened at $2.42 on Tuesday. The business has a fifty day moving average of $2.27 and a two-hundred day moving average of $1.87. CSI Compressco has a 52-week low of $1.04 and a 52-week high of $2.44. The stock has a market cap of $344.85 million, a PE ratio of -34.57 and a beta of 0.75.

CSI Compressco (NASDAQ:CCLP) last released its quarterly earnings results on Friday, March 1st. The oil and gas company reported ($0.02) EPS for the quarter. The business had revenue of $98.27 million for the quarter.

Hedge Funds Weigh In On CSI Compressco

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Crystalline Management Inc. acquired a new stake in shares of CSI Compressco in the fourth quarter valued at $29,000. Raymond James Financial Services Advisors Inc. bought a new stake in CSI Compressco during the 3rd quarter worth about $49,000. PenderFund Capital Management Ltd. acquired a new stake in CSI Compressco in the 4th quarter valued at about $135,000. Finally, King Luther Capital Management Corp bought a new position in shares of CSI Compressco in the fourth quarter worth about $204,000. Institutional investors and hedge funds own 68.85% of the company’s stock.

About CSI Compressco

CSI Compressco LP provides contract services for natural gas compression and treating in the United States, Latin America, Canada, Egypt, and internationally. The company offers natural gas compression services through low-, medium-, and high-horsepower compressor packages for oil and natural gas production, gathering, artificial lift, transmission, processing, and storage.