CSI Compressco LP (NASDAQ:CCLP) rose 8.3% during mid-day trading on Tuesday . The company traded as high as $8.88 and last traded at $8.62, with a volume of 90,755 shares trading hands. The stock had previously closed at $7.96.

Several equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of CSI Compressco from a “sell” rating to a “hold” rating in a research note on Monday, March 28th. TheStreet cut shares of CSI Compressco from a “hold” rating to a “sell” rating in a research note on Friday, April 8th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. CSI Compressco currently has an average rating of “Hold” and a consensus price target of $12.00.

The company has a 50-day moving average of $8.47 and a 200-day moving average of $7.28. The company’s market cap is $282.36 million.

CSI Compressco (NASDAQ:CCLP) last released its quarterly earnings results on Friday, May 6th. The company reported ($0.11) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by $0.06. The firm earned $81.70 million during the quarter, compared to analyst estimates of $88.28 million. Equities research analysts expect that CSI Compressco LP will post ($0.40) earnings per share for the current year.

Other large investors recently added to or reduced their stakes in the company. 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 valued at $1,794,000 after buying an additional 29,116 shares during the period. Penserra Capital Management LLC acquired a new position in CSI Compressco during the fourth quarter valued at about $4,858,000. Wells Fargo & Company MN boosted its position in 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 valued at $11,414,000 after buying an additional 998,224 shares during the last quarter. Finally, OppenheimerFunds Inc. boosted its position in CSI Compressco by 0.4% in the fourth quarter. OppenheimerFunds Inc. now owns 2,920,526 shares of the company’s stock valued at $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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