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

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

CSI Compressco Price Performance

CSI Compressco stock opened at $2.42 on Tuesday. CSI Compressco has a one year low of $1.04 and a one year high of $2.44. The firm has a market capitalization of $344.85 million, a P/E ratio of -34.57 and a beta of 0.75. The business has a fifty day moving average price of $2.27 and a 200-day moving average price of $1.87.

CSI Compressco (NASDAQ:CCLP) last released 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.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. King Luther Capital Management Corp bought a new stake in CSI Compressco during the 4th quarter valued at approximately $204,000. PenderFund Capital Management Ltd. bought a new stake in shares of CSI Compressco during the fourth quarter valued at approximately $135,000. Raymond James Financial Services Advisors Inc. bought a new stake in shares of CSI Compressco during the third quarter valued at approximately $49,000. Finally, Crystalline Management Inc. purchased a new stake in CSI Compressco in the fourth quarter worth $29,000. Institutional investors 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.