CSI Compressco (NASDAQ:CCLP) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of CSI Compressco (NASDAQ:CCLP) in a research note published on Sunday. The firm issued a buy rating on the oil and gas company’s stock.

CSI Compressco Stock Up 3.9 %

Shares of CCLP opened at $2.42 on Friday. The company has a 50 day moving average of $2.20 and a two-hundred day moving average of $1.80. CSI Compressco has a twelve month low of $1.04 and a twelve month high of $2.44. The company has a market cap of $344.85 million, a price-to-earnings ratio of -34.57 and a beta of 0.75.

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

Institutional Investors Weigh In On CSI Compressco

A number of large investors have recently modified their holdings of CCLP. Goldman Sachs Group Inc. acquired a new stake in CSI Compressco in the 4th quarter worth approximately $262,000. PenderFund Capital Management Ltd. acquired a new stake in shares of CSI Compressco during the fourth quarter worth $135,000. Crystalline Management Inc. purchased a new stake in shares of CSI Compressco during the fourth quarter valued at $29,000. King Luther Capital Management Corp acquired a new position in shares of CSI Compressco in the 4th quarter valued at $204,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in CSI Compressco in the 3rd quarter worth $49,000. Hedge funds and other institutional investors own 68.85% of the company’s stock.

CSI Compressco Company Profile

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.