CSI Compressco LP (NASDAQ:CCLP) shares fell 4.4% on Wednesday . The stock traded as low as $8.36 and last traded at $8.44, with a volume of 65,680 shares. The stock had previously closed at $8.83.

Several brokerages have weighed in on CCLP. Zacks Investment Research raised shares of CSI Compressco from a “sell” rating to a “hold” rating in a report on Monday, March 28th. TheStreet lowered shares of CSI Compressco from a “hold” rating to a “sell” rating in a report on Friday, April 8th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $12.00.

The firm’s market capitalization is $282.36 million. The company’s 50-day moving average is $8.50 and its 200-day moving average is $7.27.

CSI Compressco (NASDAQ:CCLP) last posted its earnings results on Friday, May 6th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.05) by $0.06. The business had revenue of $81.70 million for the quarter, compared to analysts’ expectations of $88.28 million. On average, equities research analysts anticipate that CSI Compressco LP will post ($0.40) earnings per share for the current fiscal year.

A number of hedge funds have bought and sold shares of the stock. Advisors Asset Management Inc. boosted its stake in CSI Compressco by 22.7% in the fourth quarter. Advisors Asset Management Inc. now owns 157,335 shares of the company’s stock worth $1,794,000 after buying an additional 29,116 shares during the period. Wells Fargo & Company MN boosted its stake in shares of CSI Compressco by 33,712.4% in the fourth quarter. Wells Fargo & Company MN now owns 1,001,185 shares of the company’s stock worth $11,414,000 after buying an additional 998,224 shares during the last quarter. Penserra Capital Management LLC purchased a new stake in shares of CSI Compressco during the fourth quarter worth $4,858,000. Finally, OppenheimerFunds Inc. boosted its stake in shares of CSI Compressco by 0.4% in the fourth quarter. OppenheimerFunds Inc. now owns 2,920,526 shares of the company’s stock worth $33,294,000 after buying an additional 11,947 shares during the last quarter.

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.

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