CSI Compressco (NASDAQ:CCLP) Receives New Coverage from Analysts at StockNews.com

Research analysts at StockNews.com started coverage on shares of CSI Compressco (NASDAQ:CCLP) in a note issued to investors on Tuesday. The firm set a “buy” rating on the oil and gas company’s stock.

CSI Compressco Price Performance

CSI Compressco stock opened at $2.42 on Tuesday. The business has a 50 day moving average of $2.26 and a 200-day moving average of $1.86. CSI Compressco has a 1 year low of $1.04 and a 1 year high of $2.44. The company has a market capitalization of $344.85 million, a P/E ratio of -34.57 and a beta of 0.75.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CCLP. Crystalline Management Inc. acquired a new stake in shares of CSI Compressco in the fourth quarter valued at about $29,000. Raymond James Financial Services Advisors Inc. bought a new stake in shares of CSI Compressco in the 3rd quarter valued at $49,000. PenderFund Capital Management Ltd. acquired a new stake in shares of CSI Compressco during the fourth quarter worth $135,000. Finally, King Luther Capital Management Corp acquired a new stake in shares of CSI Compressco during the fourth quarter worth $204,000. 68.85% of the stock is owned by institutional investors and hedge funds.

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.