Zacks Investment Research lowered shares of CSI Compressco LP (NASDAQ:CCLP) from a hold rating to a sell rating in a research note released on Tuesday morning.

According to Zacks, “CSI Compressco LP offers compression services and equipment for natural gas and oil production, gathering, transportation, processing and storage. Its equipment and parts sales business includes the fabrication and sale of standard compressor packages, custom-designed compressor packages and engine-driven oilfield fluid pump systems designed. The company offers well monitoring and automated sand separation services as well as compressor package reconfiguration and maintenance services. CSI Compressco LP, formerly known as Compressco Partners, L.P., is headquartered in Oklahoma City. “

Other equities research analysts have also recently issued reports about the stock. Capital One Financial Corporation reissued an equal weight rating on shares of CSI Compressco in a research note on Tuesday, August 8th. ValuEngine raised shares of CSI Compressco from a strong sell rating to a sell rating in a research note on Monday, October 2nd. Stifel Nicolaus set a $5.00 price objective on shares of CSI Compressco and gave the company a hold rating in a research note on Friday, August 25th. Royal Bank Of Canada reissued a hold rating and issued a $8.00 price objective on shares of CSI Compressco in a research note on Monday, August 21st. Finally, Bank of America Corporation lowered their price objective on shares of CSI Compressco from $6.50 to $5.00 and set an underperform rating on the stock in a research note on Wednesday, August 23rd. Three investment analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The company has an average rating of Hold and a consensus target price of $6.00.

CSI Compressco (NASDAQ CCLP) opened at 5.62 on Tuesday. The stock’s market capitalization is $199.48 million. The stock has a 50 day moving average of $4.89 and a 200 day moving average of $5.88. CSI Compressco has a 1-year low of $4.12 and a 1-year 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) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.25) by $0.04. The firm had revenue of $75.32 million for the quarter, compared to analysts’ expectations of $66.64 million. CSI Compressco had a negative net margin of 17.01% and a negative return on equity of 36.43%. On average, analysts expect that CSI Compressco will post ($1.10) earnings per share for the current year.

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A number of large investors have recently added to or reduced their stakes in the business. Aegis Financial Corp lifted its holdings in CSI Compressco by 22.0% in the 2nd quarter. Aegis Financial Corp now owns 61,000 shares of the oil and gas company’s stock valued at $296,000 after purchasing an additional 11,000 shares in the last quarter. Citadel Advisors LLC purchased a new position in CSI Compressco in the 1st quarter valued at about $136,000. WealthTrust Axiom LLC lifted its holdings in CSI Compressco by 13.8% in the 2nd quarter. WealthTrust Axiom LLC now owns 235,575 shares of the oil and gas company’s stock valued at $1,142,000 after purchasing an additional 28,516 shares in the last quarter. Virtu KCG Holdings LLC purchased a new position in CSI Compressco in the 2nd quarter valued at about $146,000. Finally, Renaissance Technologies LLC lifted its holdings in CSI Compressco by 99.3% in the 1st quarter. Renaissance Technologies LLC now owns 76,912 shares of the oil and gas company’s stock valued at $754,000 after purchasing an additional 38,319 shares in the last quarter. Institutional investors own 28.67% of the company’s stock.

CSI Compressco Company Profile

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.

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