In yesterday’s Wall Street session, CSI Compressco LP (NASDAQ:CCLP) shares traded at $1.38, up 0.36% from the previous session.
1 analysts cover CSI Compressco LP (NASDAQ:CCLP), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $1.75 and a low of $1.75, we find $1.75. Given the previous closing price of $1.38, this indicates a potential upside of 26.81 percent. CCLP stock price is now 6.07% away from the 50-day moving average and 5.83% away from the 200-day moving average. The market capitalization of the company currently stands at $191.90M.
The stock has received a hold rating from 1 analysts and a buy rating from 0. Brokers who have rated the stock have averaged $1.75 as their price target over the next twelve months.
, while ‘Wells Fargo’ rates the stock as ‘Underweight’.
In other news, Byers Jonathan W., Chief Financial Officer bought 17,000 shares of the company’s stock on Sep 28. The stock was bought for $20,379 at an average price of $1.20. Upon completion of the transaction, the Chief Financial Officer now directly owns 769,607 shares in the company, valued at $1.06 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 09, Chief Executive Officer JACKSON JOHN EARL bought 10,000 shares of the business’s stock. A total of $12,700 was incurred on buying the stock at an average price of $1.27. This leaves the insider owning 871,211 shares of the company worth $1.2 million. Insiders disposed of 97,053 shares of company stock worth roughly $0.13 million over the past 1 year. A total of 1.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CCLP stock. A new stake in CSI Compressco LP shares was purchased by COASTAL BRIDGE ADVISORS, LLC during the first quarter worth $26,000. VICTORY CAPITAL MANAGEMENT INC invested $18,000 in shares of CCLP during the first quarter. In the first quarter, UBS GROUP AG acquired a new stake in CSI Compressco LP valued at approximately $9,000. In total, there are 30 active investors with 23.70% ownership of the company’s stock.
On Tuesday morning CSI Compressco LP (NASDAQ: CCLP) stock kicked off with the opening price of $1.3900. During the past 12 months, CSI Compressco LP has had a low of $1.04 and a high of $1.75. The fifty day moving average price for CCLP is $1.3044 and a two-hundred day moving average price translates $1.3043 for the stock.
The latest earnings results from CSI Compressco LP (NASDAQ: CCLP) was released for Jun, 2022. According to the Oil & Gas Equipment & Services Company, earnings per share came in at -$0.25, beating analysts’ expectations of -$0.32 by 0.07. This compares to -$0.01 EPS in the same period last year. The net profit margin was -7.60% and return on equity was 315.20% for CCLP. The company reported revenue of $94.89 million for the quarter, compared to $77.68 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 22.16 percent. For the current quarter, analysts expect CCLP to generate $71.29M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 11/14/2022. Investors who held shares on 10/31/2022 were paid a $0.01 dividend. On an annualized basis, this represents a $0.04 dividend and a 2.90% percent yield. There was an ex-dividend date of 10/28/2022 for this dividend.
CSI Compressco LP(CCLP) Company Profile
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. It also provides treating services for natural gas producers and midstream companies, such as providing equipment for lease or sale, equipment installation services, and the operation of equipment for removal of contaminants from a natural gas stream, and natural gas cooling to reduce the temperature of produced gas and liquids; well monitoring and sand separation services; and operation, maintenance, overhaul, and reconfiguration services for compression equipment. In addition, the company sells engine parts, compressor package parts, and other parts manufactured by third-party suppliers. CSI Compressco GP LLC serves as the general partner of CSI Compressco LP. The company was formerly known as Compressco Partners, L.P. and changed its name to CSI Compressco LP in December 2014. CSI Compressco LP was incorporated in 2008 and is headquartered in The Woodlands, Texas.