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

Investment analysts at StockNews.com began coverage on shares of CSI Compressco (NASDAQ:CCLP – Get Rating) in a research note issued to investors on Monday. The brokerage set a “buy” rating on the oil and gas company’s stock.

CSI Compressco Price Performance

NASDAQ:CCLP opened at $1.15 on Monday. CSI Compressco has a fifty-two week low of $1.04 and a fifty-two week high of $1.60. The stock’s 50-day moving average is $1.21 and its two-hundred day moving average is $1.29. The stock has a market cap of $163.29 million, a PE ratio of -8.85 and a beta of 0.94.

CSI Compressco (NASDAQ:CCLP – Get Rating) last released its earnings results on Friday, March 10th. The oil and gas company reported ($0.03) earnings per share for the quarter. The business had revenue of $93.97 million during the quarter.

Institutional Investors Weigh In On CSI Compressco

Several institutional investors have recently made changes to their positions in CCLP. Bank of New York Mellon Corp acquired a new stake in shares of CSI Compressco during the 1st quarter valued at about $3,458,000. Invesco Ltd. lifted its holdings in CSI Compressco by 105.3% in the 1st quarter. Invesco Ltd. now owns 10,829,797 shares of the oil and gas company’s stock worth $15,162,000 after purchasing an additional 5,555,555 shares during the last quarter. BNP Paribas Arbitrage SA acquired a new stake in CSI Compressco in the 1st quarter worth approximately $132,000. Virtu Financial LLC acquired a new stake in CSI Compressco in the 2nd quarter worth approximately $39,000. Finally, UBS Group AG lifted its holdings in CSI Compressco by 1,088.8% in the 4th quarter. UBS Group AG now owns 75,739 shares of the oil and gas company’s stock worth $101,000 after purchasing an additional 69,368 shares during the last quarter. 16.81% of the stock is currently owned by institutional investors and hedge funds.

CSI Compressco Company Profile

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CSI Compressco LP engages in the provision of compression services and equipment for natural gas and oil production, gathering, transportation, processing, and storage. It operates through the following geographical segments: United States, Latin America, Canada, and Other. The firm offers compression services, digitally enhanced compression, and parts and services.