Compressco LP (NASDAQ: CCLP) stock was sliding down -13.7% to $1.01 in the pre-market session after closing in green yesterday.
Given the past, let’s examine various future or past developments regarding CSI Compressco LP (NASDAQ: CCLP). During the past five business days, shares rose 4.46% and declined -6.40 percent. At some point in the previous quarter, the company’s stock rose 35.56 percent. In the six months before closing, the stock production increased 30.70% while the overall annual output decreased by -47.06 percent. Now that the calendar year has begun, company performance is positive at 10.38%.
What they do…
Compressor services and equipment from CSI Compressco are used in oil and gas production, gathering, artificial lift, transmission, processing, and storage. There are more than 4,900 compressor packages at CSI Compressco, providing more than 1.17 million in aggregate horsepower, using a variety of low-, medium- and high-horsepower engines.
Most Recent News
On January 20, 2021, The CSI Compressco LP board of directors and the general partner announced a cash distribution totaling $0.01 per outstanding standard unit, or $0.04 per unique common unit on an annualized basis, for the quarter ended December 31, 2020. On February 12, 2021, this distribution will be paid to all common unitholders as of the close of business on January 29, 2021.
Before opening the market on Wednesday, February 24, 2021, SI Compressco expects to release its fourth quarter and full-year 2020 results. The company will hold a conference call following the release to discuss the results. Listeners can participate in the conference call by calling the toll-free number 1-866-374-8397. There will also be a live audio webcast, and the market can be accessed through CSI Compressco’s website, www.csicompressco.com. Before the conference call, CSI Compressco will post the news release on its website.
An audio replay of the call will be posted for one week at 1-877-344-7529 or conference number 10151748 and can be accessed at CSI Compressco’s website for one month.
If you intend to buy this stock, then you may be interested in the fact that the average broker recommendation by one brokerage firm rates CSI Compressco LP (CCLP) as a “Sell” with a consensus score of 4.50. Remarkably, none of the Wall Street analysts polled rated the stock as a buy, no one advised investors to “hold,” and 1 rated it as a “Sell.”