Price Action Don’t Lie: How Analysts Feel About CSI Compressco LP After Today’s Huge Decline?

Price Action Don't Lie: How Analysts Feel About CSI Compressco LP After Today's Huge Decline?

The stock of CSI Compressco LP (NASDAQ:CCLP) is a huge mover today! The stock decreased 5.91% or $0.65 on October 31, hitting $10.35. CSI Compressco LP (NASDAQ:CCLP) has risen 76.85% since April 4, 2016 and is uptrending. It has outperformed by 75.76% the S&P500.
The move comes after 9 months negative chart setup for the $338.98 million company. It was reported on Nov, 4 by Barchart.com. We have $9.32 PT which if reached, will make NASDAQ:CCLP worth $33.90 million less.

CSI Compressco LP (NASDAQ:CCLP) Ratings Coverage

Out of 5 analysts covering CSI Compressco LP (NASDAQ:CCLP), 2 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 40% are positive. CSI Compressco LP has been the topic of 10 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The firm has “Sector Perform” rating by RBC Capital Markets given on Friday, August 7. The firm earned “Market Perform” rating on Wednesday, September 2 by Wells Fargo. The firm has “Buy” rating given on Friday, September 23 by Janney Capital. The stock of CSI Compressco LP (NASDAQ:CCLP) earned “Hold” rating by Stifel Nicolaus on Friday, January 22. Raymond James downgraded the shares of CCLP in a report on Monday, October 5 to “Outperform” rating.

According to Zacks Investment Research, “CSI Compressco LP offers compression services and equipment for natural gas and oil production, gathering, transportation, processing and storage. Its equipment and parts sales business includes the fabrication and sale of standard compressor packages, custom-designed compressor packages and engine-driven oilfield fluid pump systems designed. The company offers well monitoring and automated sand separation services as well as compressor package reconfiguration and maintenance services. CSI Compressco LP, formerly known as Compressco Partners, L.P., is headquartered in Oklahoma City.”

More notable recent CSI Compressco LP (NASDAQ:CCLP) news were published by: Prnewswire.com which released: “CSI Compressco LP Announces Third Quarter 2016 Results” on November 04, 2016, also Prnewswire.com with their article: “CSI Compressco LP Announces Quarterly Distribution and Schedule for Third …” published on October 21, 2016, Prnewswire.com published: “CSI Compressco LP Announces Closing Of $50 Million Private Placement Of Series …” on August 08, 2016. More interesting news about CSI Compressco LP (NASDAQ:CCLP) were released by: Prnewswire.com and their article: “CSI Compressco LP Names Derek Coffie As Chief Financial Officer” published on June 20, 2016 as well as Seekingalpha.com‘s news article titled: “CSI Compressco LP’s (CCLP) CEO Tim Knox on Q2 2016 Results – Earnings Call …” with publication date: August 05, 2016.

CCLP Company Profile

CSI Compressco LP, formerly Compressco Partners, L.P., incorporated on October 31, 2008, is a well-known provider of compression services and equipment for natural gas and oil production, gathering, transportation, processing and storage. The Firm 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. It provides these compression services and equipment to a base of natural gas and oil exploration and production, midstream and transmission companies operating throughout many of the onshore producing regions of the United States, as well as in a number of foreign countries, including Mexico, Canada and Argentina. It is a service well-known provider of natural gas compression services in the United States, utilizing its fleet of compressor packages that employs a spectrum of low-, medium- and high-horsepower engines.

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