CSI Compressco (CCLP) Lowered to “Sell” at Zacks Investment Research

CSI Compressco (NASDAQ:CCLP) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

According to Zacks, “CSI Compressco LP offers compression services and equipment for natural gas and oil production, gathering, transportation, processing and storage. Its equipment and parts sales business includes the fabrication and sale of standard compressor packages, custom-designed compressor packages and engine-driven oilfield fluid pump systems designed. The company offers well monitoring and automated sand separation services as well as compressor package reconfiguration and maintenance services. CSI Compressco LP, formerly known as Compressco Partners, L.P., is headquartered in Oklahoma City. “

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Other research analysts have also issued reports about the company. BidaskClub lowered CSI Compressco from a “buy” rating to a “hold” rating in a research report on Monday, May 14th. ValuEngine upgraded CSI Compressco from a “strong sell” rating to a “sell” rating in a research report on Thursday, May 17th. Stifel Nicolaus reiterated a “hold” rating and issued a $7.00 price objective (down from $8.00) on shares of CSI Compressco in a research report on Tuesday, May 8th. Finally, Raymond James set a $8.00 price objective on CSI Compressco and gave the company a “buy” rating in a research report on Tuesday, May 8th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $6.50.

Shares of CSI Compressco opened at $5.30 on Wednesday, according to MarketBeat. The company has a quick ratio of 2.08, a current ratio of 2.78 and a debt-to-equity ratio of 7.69. CSI Compressco has a 52 week low of $4.19 and a 52 week high of $8.05.

CSI Compressco (NASDAQ:CCLP) last announced its quarterly earnings data on Monday, May 7th. The oil and gas company reported ($0.40) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.22) by ($0.18). The firm had revenue of $85.42 million during the quarter, compared to the consensus estimate of $82.69 million. CSI Compressco had a negative net margin of 12.87% and a negative return on equity of 42.32%. research analysts anticipate that CSI Compressco will post -0.79 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the business. OppenheimerFunds Inc. lifted its stake in shares of CSI Compressco by 12.9% in the 1st quarter. OppenheimerFunds Inc. now owns 4,095,376 shares of the oil and gas company’s stock valued at $29,733,000 after purchasing an additional 468,241 shares during the period. Wells Fargo & Company MN lifted its stake in shares of CSI Compressco by 25.8% in the 1st quarter. Wells Fargo & Company MN now owns 960,222 shares of the oil and gas company’s stock valued at $6,972,000 after purchasing an additional 196,936 shares during the period. Deutsche Bank AG lifted its stake in shares of CSI Compressco by 60,459.8% in the 4th quarter. Deutsche Bank AG now owns 244,056 shares of the oil and gas company’s stock valued at $1,334,000 after purchasing an additional 243,653 shares during the period. Renaissance Technologies LLC acquired a new position in shares of CSI Compressco in the 4th quarter valued at $1,150,000. Finally, Intrinsic Edge Capital Management LLC lifted its stake in shares of CSI Compressco by 16.1% in the 1st quarter. Intrinsic Edge Capital Management LLC now owns 143,900 shares of the oil and gas company’s stock valued at $1,045,000 after purchasing an additional 20,000 shares during the period. Hedge funds and other institutional investors own 26.45% of the company’s stock.

About CSI Compressco

CSI Compressco LP provides compression services and equipment for natural gas and oil production, gathering, transportation, processing, and storage applications in the United States and internationally. It fabricates and sells standard and custom-designed compressor packages, oilfield fluid pump systems, and compressor package parts and components, as well as provides aftermarket services, such as operations, maintenance, overhaul, and reconfiguration services.

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Investors Sell Shares of NXP Semiconductors (NXPI) on Strength on Analyst Downgrade

Traders sold shares of NXP Semiconductors NV (NASDAQ:NXPI) on strength during trading hours on Tuesday after Zacks Investment Research downgraded the stock from a hold rating to a sell rating. $168.86 million flowed into the stock on the tick-up and $241.16 million flowed out of the stock on the tick-down, for a money net flow of $72.30 million out of the stock. Of all companies tracked, NXP Semiconductors had the 0th highest net out-flow for the day. NXP Semiconductors traded up $0.51 for the day and closed at $95.34

Other equities analysts have also recently issued reports about the company. SunTrust Banks raised NXP Semiconductors from a “hold” rating to a “buy” rating in a report on Friday, April 27th. Drexel Hamilton raised NXP Semiconductors from a “hold” rating to a “buy” rating and increased their price target for the company from $110.00 to $127.50 in a report on Thursday, May 3rd. Deutsche Bank raised NXP Semiconductors from a “hold” rating to a “buy” rating and lowered their price target for the company from $127.50 to $107.00 in a report on Thursday, July 26th. Jefferies Financial Group raised NXP Semiconductors from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a report on Friday, July 27th. Finally, Mizuho raised NXP Semiconductors from a “neutral” rating to a “buy” rating in a report on Friday, July 27th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $111.40.

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A number of institutional investors have recently made changes to their positions in the stock. Malaga Cove Capital LLC bought a new position in NXP Semiconductors in the 2nd quarter worth $722,000. Aviva PLC raised its holdings in NXP Semiconductors by 60.6% in the 2nd quarter. Aviva PLC now owns 286,705 shares of the semiconductor provider’s stock worth $31,328,000 after purchasing an additional 108,179 shares during the period. Eagle Global Advisors LLC raised its holdings in NXP Semiconductors by 23.5% in the 2nd quarter. Eagle Global Advisors LLC now owns 10,500 shares of the semiconductor provider’s stock worth $1,147,000 after purchasing an additional 2,000 shares during the period. Commonwealth Equity Services LLC raised its holdings in NXP Semiconductors by 91.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 54,496 shares of the semiconductor provider’s stock worth $5,955,000 after purchasing an additional 26,094 shares during the period. Finally, TD Asset Management Inc. raised its holdings in NXP Semiconductors by 5.6% in the 2nd quarter. TD Asset Management Inc. now owns 99,335 shares of the semiconductor provider’s stock worth $10,854,000 after purchasing an additional 5,300 shares during the period. 80.93% of the stock is currently owned by institutional investors.

The firm has a market capitalization of $32.59 billion, a P/E ratio of 13.28, a price-to-earnings-growth ratio of 0.80 and a beta of 0.81. The company has a quick ratio of 2.26, a current ratio of 2.98 and a debt-to-equity ratio of 0.39.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Wednesday, May 2nd. The semiconductor provider reported $0.95 EPS for the quarter, missing the Zacks’ consensus estimate of $1.50 by ($0.55). NXP Semiconductors had a return on equity of 16.24% and a net margin of 10.35%. The company had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.35 billion. equities analysts predict that NXP Semiconductors NV will post 5.95 EPS for the current year.

NXP Semiconductors Company Profile

NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. The company offers products for audio and visual head-end unit applications, such as single-chip radio solutions, multi-standard radios, audio amplifiers and power analog products, and i.MX applications processors; in-vehicle networking products; two-way secure entry products; various sensors and microcontrollers; power management solutions; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.

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