Short Interest Coverage: Csi Compressco LP (NASDAQ:CCLP) Sellers Covered 1.7% of Their Shorts

November 29, 2016 - By Darrin Black   ·   0 Comments

Short Interest Coverage: Csi Compressco LP (NASDAQ:CCLP) Sellers Covered 1.7% of Their Shorts

The stock of Csi Compressco LP (NASDAQ:CCLP) registered a decrease of 1.7% in short interest. CCLP’s total short interest was 34,700 shares in November as published by FINRA. Its down 1.7% from 35,300 shares, reported previously. With 59,500 shares average volume, it will take short sellers 1 days to cover their CCLP’s short positions. The short interest to Csi Compressco LP’s float is 0.18%. The stock decreased 5.91% or $0.65 on October 31, hitting $10.35. CSI Compressco LP (NASDAQ:CCLP) has risen 5.89% since April 26, 2016 and is uptrending. It has outperformed by 0.63% the S&P500.

CSI Compressco LP, formerly Compressco Partners, L.P., is a well-known provider of compression services and equipment for natural gas and oil production, gathering, transportation, processing and storage. The company has a market cap of $338.98 million. 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 currently has negative earnings. 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.

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. $21 is the highest target while $10 is the lowest. The $11.80 average target is 14.01% above today’s ($10.35) stock price. CSI Compressco LP has been the topic of 10 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The rating was initiated by Wells Fargo with “Market Perform” on Wednesday, September 2. RBC Capital Markets maintained CSI Compressco LP (NASDAQ:CCLP) on Friday, August 7 with “Sector Perform” rating. As per Monday, October 5, the company rating was downgraded by Raymond James. The firm earned “Hold” rating on Friday, January 22 by Stifel Nicolaus. The company was upgraded on Friday, September 23 by Janney Capital.

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.

More notable recent CSI Compressco LP (NASDAQ:CCLP) news were published by: Prnewswire.com which released: “CSI Compressco LP Announces Closing Of $50 Million Private Placement Of Series …” on August 08, 2016, also Prnewswire.com with their article: “CSI Compressco LP Announces Third Quarter 2016 Results” published on November 04, 2016, Prnewswire.com published: “CSI Compressco LP Announces Quarterly Distribution and Schedule for Third …” on October 21, 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 Nasdaq.com‘s news article titled: “CSI Compressco LP (CCLP) Ex-Dividend Date Scheduled for October 28, 2016” with publication date: October 27, 2016.

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By Darrin Black


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