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

StockNews.com initiated coverage on shares of CSI Compressco (NASDAQ:CCLP) in a research report sent to investors on Monday. The brokerage issued a buy rating on the oil and gas company’s stock.

CSI Compressco Stock Performance

CCLP opened at $2.42 on Monday. The firm’s 50-day simple moving average is $2.23 and its 200-day simple moving average is $1.84. CSI Compressco has a twelve month low of $1.04 and a twelve month high of $2.44. 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 (NASDAQ:CCLP) last posted its 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.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. PenderFund Capital Management Ltd. acquired a new position in CSI Compressco during the 4th quarter worth about $135,000. Crystalline Management Inc. acquired a new position in CSI Compressco during the 4th quarter worth about $29,000. King Luther Capital Management Corp acquired a new position in CSI Compressco during the 4th quarter worth about $204,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in CSI Compressco during the 3rd quarter worth about $49,000. Institutional investors and hedge funds own 68.85% of the company’s stock.

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.