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

StockNews.com assumed coverage on shares of CSI Compressco (NASDAQ:CCLP) in a research note published on Sunday. The firm issued a buy rating on the oil and gas company’s stock.

CSI Compressco Price Performance

Shares of CSI Compressco stock opened at $2.42 on Friday. The company’s fifty day moving average price is $2.20 and its two-hundred day moving average price is $1.80. The firm has a market capitalization of $344.85 million, a PE ratio of -34.57 and a beta of 0.75. CSI Compressco has a 52-week low of $1.04 and a 52-week high of $2.44.

CSI Compressco (NASDAQ:CCLP) 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.

Institutional Trading of CSI Compressco

Several hedge funds have recently modified their holdings of the company. Crystalline Management Inc. bought a new stake in CSI Compressco during the 4th quarter worth approximately $29,000. Jane Street Group LLC bought a new stake in shares of CSI Compressco during the fourth quarter worth $26,000. Virtu Financial LLC acquired a new stake in shares of CSI Compressco in the second quarter valued at $39,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of CSI Compressco in the third quarter valued at $49,000. Finally, BNP Paribas Arbitrage SNC raised its holdings in shares of CSI Compressco by 53.7% in the second quarter. BNP Paribas Arbitrage SNC now owns 70,657 shares of the oil and gas company’s stock valued at $89,000 after buying an additional 24,693 shares during the last quarter. Institutional investors and hedge funds 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.