CSI Compressco (CCLP) Trading 20.9% Higher

CSI Compressco LP (NASDAQ:CCLP) traded up 20.9% on Thursday . The company traded as high as $7.30 and last traded at $7.30. 645,785 shares changed hands during trading, an increase of 232% from the average session volume of 194,302 shares. The stock had previously closed at $6.04.

A number of equities research analysts have weighed in on the company. Zacks Investment Research downgraded CSI Compressco from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. ValuEngine raised CSI Compressco from a “strong sell” rating to a “sell” rating in a research note on Monday, October 2nd. Stifel Nicolaus reaffirmed a “hold” rating and set a $5.00 price objective on shares of CSI Compressco in a research note on Friday, November 3rd. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $6.00 price objective (up from $5.00) on shares of CSI Compressco in a research note on Thursday, November 9th. Three research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. CSI Compressco presently has an average rating of “Hold” and a consensus target price of $5.33.

The firm has a market capitalization of $264.33, a P/E ratio of -5.60 and a beta of 2.05. The company has a current ratio of 1.75, a quick ratio of 0.98 and a debt-to-equity ratio of 4.92.

Large investors have recently made changes to their positions in the company. FMR LLC grew its stake in shares of CSI Compressco by 91.7% during the second quarter. FMR LLC now owns 1,353,231 shares of the oil and gas company’s stock valued at $6,563,000 after buying an additional 647,176 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of CSI Compressco by 9.1% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 122,770 shares of the oil and gas company’s stock valued at $640,000 after buying an additional 10,232 shares during the last quarter. Virtu KCG Holdings LLC bought a new position in shares of CSI Compressco during the second quarter valued at about $146,000. Finally, Aegis Financial Corp grew its stake in shares of CSI Compressco by 22.0% in the second quarter. Aegis Financial Corp now owns 61,000 shares of the oil and gas company’s stock worth $296,000 after purchasing an additional 11,000 shares during the last quarter. 27.38% of the stock is currently owned by hedge funds and other institutional investors.

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About CSI Compressco

CSI Compressco LP is a provider of compression services and equipment for natural gas and oil production, gathering, transportation, processing and storage. The Company sells custom-designed compressor packages and oilfield fluid pump systems, and provides aftermarket services and compressor package parts and components manufactured by third-party suppliers.

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