BidaskClub upgraded shares of Compressco Partners (NASDAQ:CCLP) from a hold rating to a buy rating in a research report sent to investors on Saturday.
Several other research firms have also recently issued reports on CCLP. Zacks Investment Research upgraded Compressco Partners from a sell rating to a hold rating in a report on Friday, March 2nd. Stifel Nicolaus set a $8.00 price target on Compressco Partners and gave the company a hold rating in a report on Wednesday, February 28th. Finally, ValuEngine cut Compressco Partners from a hold rating to a sell rating in a report on Wednesday, March 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. Compressco Partners presently has a consensus rating of Hold and an average target price of $6.33.
Shares of NASDAQ:CCLP opened at $7.51 on Friday. Compressco Partners has a twelve month low of $4.12 and a twelve month high of $10.15. The firm has a market capitalization of $276.87, a PE ratio of -6.42 and a beta of 1.72. The company has a debt-to-equity ratio of 5.39, a current ratio of 1.60 and a quick ratio of 0.94.
Compressco Partners (NASDAQ:CCLP) last announced its earnings results on Tuesday, February 27th. The oil and gas company reported ($0.29) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.24) by ($0.05). The business had revenue of $83.10 million during the quarter, compared to analyst estimates of $76.15 million. Compressco Partners had a negative net margin of 13.69% and a negative return on equity of 38.50%. equities analysts anticipate that Compressco Partners will post -0.58 earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. boosted its holdings in Compressco Partners by 4.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,950,641 shares of the oil and gas company’s stock valued at $16,140,000 after acquiring an additional 131,654 shares during the last quarter. Deutsche Bank AG boosted its holdings in Compressco Partners by 60,459.8% during the fourth quarter. Deutsche Bank AG now owns 244,056 shares of the oil and gas company’s stock worth $1,334,000 after buying an additional 243,653 shares during the last quarter. Renaissance Technologies LLC bought a new position in Compressco Partners during the fourth quarter worth about $1,150,000. Hudson Bay Capital Management LP boosted its holdings in Compressco Partners by 46.6% during the fourth quarter. Hudson Bay Capital Management LP now owns 350,931 shares of the oil and gas company’s stock worth $1,920,000 after buying an additional 111,615 shares during the last quarter. Finally, OppenheimerFunds Inc. boosted its holdings in Compressco Partners by 9.8% during the fourth quarter. OppenheimerFunds Inc. now owns 3,627,135 shares of the oil and gas company’s stock worth $19,840,000 after buying an additional 324,027 shares during the last quarter. Institutional investors and hedge funds own 29.54% of the company’s stock.
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Compressco Partners Company Profile
CSI Compressco LP provides compression services and equipment for natural gas and oil production, gathering, transportation, processing, and storage applications in the United States and internationally. It fabricates and sells standard and custom-designed compressor packages, oilfield fluid pump systems, and compressor package parts and components, as well as provides aftermarket services, such as operations, maintenance, overhaul, and reconfiguration services.
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