Somewhat Favorable Media Coverage Somewhat Unlikely to Affect CSI Compressco (CCLP) Stock Price

News coverage about CSI Compressco (NASDAQ:CCLP) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. CSI Compressco earned a daily sentiment score of 0.24 on Accern’s scale. Accern also assigned press coverage about the oil and gas company an impact score of 45.6391595266944 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Shares of CCLP stock traded up $0.26 on Wednesday, hitting $7.43. 75,042 shares of the stock were exchanged, compared to its average volume of 162,348. The stock has a market capitalization of $269.35, a price-to-earnings ratio of -6.30 and a beta of 1.74. The company has a quick ratio of 0.94, a current ratio of 1.60 and a debt-to-equity ratio of 5.39. CSI Compressco has a 12-month low of $4.12 and a 12-month high of $10.15.

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CSI Compressco (NASDAQ:CCLP) last announced its quarterly earnings data on Tuesday, February 27th. The oil and gas company reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.05). The company had revenue of $83.10 million for the quarter, compared to analysts’ expectations of $76.15 million. CSI Compressco had a negative net margin of 13.69% and a negative return on equity of 38.50%. equities research analysts forecast that CSI Compressco will post -0.56 EPS for the current fiscal year.

CCLP has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of CSI Compressco from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Stifel Nicolaus boosted their price objective on shares of CSI Compressco from $5.00 to $7.00 and gave the company a “hold” rating in a report on Wednesday, January 31st. ValuEngine lowered shares of CSI Compressco from a “sell” rating to a “strong sell” rating in a report on Friday, February 2nd. Finally, BidaskClub lowered shares of CSI Compressco from a “buy” rating to a “hold” rating in a report on Tuesday, February 27th. Two equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. CSI Compressco has an average rating of “Hold” and an average price target of $6.33.

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CSI Compressco Company Profile

CSI Compressco LP is a provider of compression services and equipment for natural gas and oil production, gathering, transportation, processing and storage. The Company 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.

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