StockNews.com Begins Coverage on CSI Compressco (NASDAQ:CCLP)

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

CSI Compressco Trading Up 3.9 %

CSI Compressco stock opened at $2.42 on Monday. CSI Compressco has a twelve month low of $1.04 and a twelve month high of $2.44. The stock has a 50 day moving average of $2.23 and a two-hundred day moving average of $1.84. The stock has a market capitalization of $344.85 million, a price-to-earnings ratio of -34.57 and a beta of 0.75.

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

Hedge Funds Weigh In On CSI Compressco

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

CSI Compressco Company Profile

(Get Free Report)

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.

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