A Guide To The Risks Of Investing In CSI Compressco LP (CCLP)


In a filing, CSI Compressco LP revealed its Chief Financial Officer Byers Jonathan W. acquired Company’s shares for reported $20379.0 on Sep 28. In the deal valued at $1.20 per share,17,000 shares were bought. As a result of this transaction, Byers Jonathan W. now holds 769,607 shares worth roughly $ 1.08 million.

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Then, JACKSON JOHN EARL bought 10,000 shares, generating $12,700 in total proceeds. Upon buying the shares at $1.27, the Chief Executive Officer now owns 871,211 shares.

Stifel downgraded its CSI Compressco LP [CCLP] rating to a Sell from a a Hold in a research note published on Friday. A number of analysts have revised their coverage, including CapitalOne’s analysts, who decreased its forecast for the stock in mid April from “an Equal weight” to “an Underweight”. Wells Fargo also remained covering CCLP and has decreased its forecast on January 07, 2020 with a “an Underweight” recommendation from previously “an Equal weight” rating. Raymond James revised its rating on December 13, 2018. It rated CCLP as “a Mkt perform” which previously was an “an Outperform”.

Price Performance Review of CCLP

On Friday, CSI Compressco LP [NASDAQ:CCLP] saw its stock fall -3.45% to $1.40. On the same session, the stock had its day’s lowest price of $1.40, but rose to a high of $1.48. Over the last five days, the stock has lost -4.11%. CSI Compressco LP shares have risen nearly 5.26% since the year began. Nevertheless, the stocks have fallen -9.68% over the past one year. While a 52-week high of $1.60 was reached on 03/07/23, a 52-week low of $1.04 was recorded on 02/22/23. SMA at 50 days reached $1.3614, while 200 days put it at $1.3034. A total of 0.59 million shares were traded, compared to the trading of 0.22 million shares in the previous session.

Levels Of Support And Resistance For CCLP Stock

The 24-hour chart illustrates a support level at 1.3733, which if violated will result in even more drops to 1.3467. On the upside, there is a resistance level at 1.4533. A further resistance level may holdings at 1.5067. The Relative Strength Index (RSI) on the 14-day chart is 52.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0352, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.50%. Stochastics %K at 73.61% indicates the stock is a holding.

How much short interest is there in CSI Compressco LP?

A steep rise in short interest was recorded in CSI Compressco LP stocks on Jan 12, 2023, growing by 0.19 million shares to a total of 0.22 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 27330.0 shares. There was a rise of 87.46%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 0.29% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.04.

CSI Compressco LP [CCLP] – Who Are The Largest Shareholders?

In filings from Invesco Advisers, Inc., it is revealed that the company now owns 10,731,105 shares, or roughly 7.60% of the outstanding CCLP shares. In other words, the investor’s shares have fallen by -84,770 from its previous 13-F filing of 10815875.0. Over the last quarter, Orvieto Partners LP purchased 44,118 shares of CSI Compressco LP, while Aegon USA Investment Management L bought -45,862 shares. At present, JPMorgan Securities LLC is holding 1,616,255 shares valued at $2.2 million. Huber Capital Management LLC owned 1,156,111 shares of the company at the time of its most recent 13F filing, worth $1.57 million.

According to FactSet, CSI Compressco LP’s share price will average $1.75 in the next year, based on opinions of analysts polled by the firm. This is up nearly 20.69 percent from its previous closing price of $1.45. Analysts expect CSI Compressco LP stock to reach the higher price of $1.75, while the lowest price estimate is $1.75. However, 1 analyst have rated CCLP stock as a Hold in their predictions for 2023.


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