In a report issued on July 13, T J Schultz from RBC Capital reiterated a Hold rating on Compressco Partners LP (NASDAQ: CCLP), with a price target of $7. The company’s shares closed yesterday at $5.46.
According to TipRanks.com, Schultz is a top 100 analyst with an average return of 20.9% and a 70.2% success rate. Schultz covers the Basic Materials sector, focusing on stocks such as Enbridge Energy Management, EnLink Midstream Partners, and Andeavor Logistics LP.
Compressco Partners LP has an analyst consensus of Moderate Buy, with a price target consensus of $7.50.
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Based on Compressco Partners LP’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $15.47 million. In comparison, last year the company had a GAAP net loss of $6.25 million.
Based on the recent corporate insider activity of 62 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CCLP in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
CSI Compressco LP engages in the provision of compression services and equipment for natural gas and oil production, gathering, transportation, processing, and storage. It offers compression services, new equipment sales, and aftermarket services. The company was founded on October 31, 2008 and is headquartered in The Woodlands, TX.
