CSI Compressco (NASDAQ:CCLP) Now Covered by StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of CSI Compressco (NASDAQ:CCLP) in a research note issued on Monday. The firm set a “buy” rating on the oil and gas company’s stock.

CSI Compressco Stock Performance

NASDAQ:CCLP opened at $2.42 on Monday. The firm has a market cap of $344.85 million, a price-to-earnings ratio of -34.57 and a beta of 0.75. CSI Compressco has a 52 week low of $1.04 and a 52 week high of $2.44. The firm has a 50-day moving average price of $2.23 and a two-hundred day moving average price of $1.84.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Crystalline Management Inc. bought a new position in shares of CSI Compressco during the 4th quarter valued at approximately $29,000. Raymond James Financial Services Advisors Inc. bought a new position in shares of CSI Compressco during the 3rd quarter valued at approximately $49,000. PenderFund Capital Management Ltd. bought a new position in shares of CSI Compressco during the 4th quarter valued at approximately $135,000. Finally, King Luther Capital Management Corp bought a new position in shares of CSI Compressco during the 4th quarter valued at approximately $204,000. 68.85% of the stock is owned by institutional investors.

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.