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.
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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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