BidaskClub upgraded shares of Compressco Partners (NASDAQ:CCLP) from a hold rating to a buy rating in a research report report published on Saturday.
Several other research analysts have also recently issued reports on CCLP. ValuEngine upgraded shares of Compressco Partners from a sell rating to a hold rating in a report on Wednesday, April 4th. Zacks Investment Research cut shares of Compressco Partners from a hold rating to a sell rating in a report on Friday, February 2nd. Finally, Stifel Nicolaus increased their target price on shares of Compressco Partners from $5.00 to $7.00 and gave the stock a hold rating in a report on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $6.33.
Shares of Compressco Partners stock opened at $7.37 on Friday. The company has a current ratio of 1.60, a quick ratio of 0.94 and a debt-to-equity ratio of 5.39. Compressco Partners has a 1 year low of $4.12 and a 1 year high of $10.15. The stock has a market cap of $276.87, a price-to-earnings ratio of -6.30 and a beta of 1.72.
Compressco Partners (NASDAQ:CCLP) last issued its earnings results on Tuesday, February 27th. The oil and gas company reported ($0.29) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.24) by ($0.05). Compressco Partners had a negative return on equity of 38.50% and a negative net margin of 13.69%. The business had revenue of $83.10 million for the quarter, compared to the consensus estimate of $76.15 million. equities research analysts forecast that Compressco Partners will post -0.58 earnings per share for the current fiscal year.
Several large investors have recently added to or reduced their stakes in the company. WealthTrust Axiom LLC boosted its holdings in shares of Compressco Partners by 10.1% in the 4th quarter. WealthTrust Axiom LLC now owns 256,668 shares of the oil and gas company’s stock valued at $1,403,000 after buying an additional 23,521 shares in the last quarter. Hudson Bay Capital Management LP boosted its holdings in shares of Compressco Partners by 46.6% in the 4th quarter. Hudson Bay Capital Management LP now owns 350,931 shares of the oil and gas company’s stock valued at $1,920,000 after buying an additional 111,615 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Compressco Partners by 4.7% in the 4th 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 buying an additional 131,654 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of Compressco Partners in the 4th quarter valued at about $1,150,000. Finally, Deutsche Bank AG boosted its holdings in shares of Compressco Partners by 60,459.8% in the 4th quarter. Deutsche Bank AG now owns 244,056 shares of the oil and gas company’s stock valued at $1,334,000 after buying an additional 243,653 shares in 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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