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

StockNews.com began coverage on shares of CSI Compressco (NASDAQ:CCLP) in a research report sent to investors on Tuesday. The firm issued 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 stock’s 50 day moving average price is $2.27 and its 200 day moving average price is $1.87. The company has a market cap of $344.85 million, a PE ratio of -34.57 and a beta of 0.75. CSI Compressco has a 1-year low of $1.04 and a 1-year high of $2.44.

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

Hedge Funds Weigh In On CSI Compressco

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

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.