Compressco Partners Lp (NASDAQ:CCLP) has received a consensus rating of “Hold” from the seven research firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating and six have issued a hold rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $6.33.
A number of research firms have weighed in on CCLP. BidaskClub lowered Compressco Partners from a “buy” rating to a “hold” rating in a report on Tuesday, February 27th. Stifel Nicolaus upped their target price on Compressco Partners from $5.00 to $7.00 and gave the stock a “hold” rating in a report on Wednesday, January 31st. ValuEngine upgraded Compressco Partners from a “strong sell” rating to a “sell” rating in a report on Friday, February 23rd. Finally, Zacks Investment Research lowered Compressco Partners from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd.
Compressco Partners stock traded up $0.09 during mid-day trading on Thursday, reaching $7.36. 49,457 shares of the company were exchanged, compared to its average volume of 147,511. The company has a quick ratio of 0.94, a current ratio of 1.60 and a debt-to-equity ratio of 5.39. The firm has a market cap of $270.86, a P/E ratio of -6.29 and a beta of 1.72. Compressco Partners has a 12-month low of $4.12 and a 12-month high of $10.15.
Hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC acquired a new position in shares of Compressco Partners during the fourth quarter worth $1,150,000. Deutsche Bank AG increased its position in shares of Compressco Partners by 60,459.8% during the fourth quarter. Deutsche Bank AG now owns 244,056 shares of the oil and gas company’s stock worth $1,334,000 after purchasing an additional 243,653 shares in the last quarter. WealthTrust Axiom LLC increased its position in shares of Compressco Partners by 10.1% during the fourth quarter. WealthTrust Axiom LLC now owns 256,668 shares of the oil and gas company’s stock worth $1,403,000 after purchasing an additional 23,521 shares in the last quarter. Hudson Bay Capital Management LP increased its position in shares of Compressco Partners by 46.6% during the fourth quarter. Hudson Bay Capital Management LP now owns 350,931 shares of the oil and gas company’s stock worth $1,920,000 after purchasing an additional 111,615 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Compressco Partners by 4.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,950,641 shares of the oil and gas company’s stock worth $16,140,000 after purchasing an additional 131,654 shares in the last quarter. 29.55% of the stock is currently owned by institutional investors and hedge funds.
Compressco Partners Company Profile
CSI Compressco LP provides compression services and equipment for natural gas and oil production, gathering, transportation, processing, and storage applications in the United States and internationally. It fabricates and sells standard and custom-designed compressor packages, oilfield fluid pump systems, and compressor package parts and components, as well as provides aftermarket services, such as operations, maintenance, overhaul, and reconfiguration services.
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