CSI Compressco LP (NASDAQ:CCLP) Undervalued? Fundamentals Hard To Beat?

CSI Compressco LP (NASDAQ:CCLP) shares traded lower over the last trading session, losing -1.07% on 02/11/21. The shares fell to a low of $1.78 before closing at $1.85. Intraday shares traded counted 0.19 million, which was -13.6% lower than its 30-day average trading volume of 165.01K. CCLP’s previous close was $1.87 while the outstanding shares total 47.34M. The firm has a beta of 1.86. The stock’s Relative Strength Index (RSI) is 76.53, with weekly volatility at 10.97% and ATR at 0.15. The CCLP stock’s 52-week price range has touched low of $0.35 and a $2.17 high.

Investors have identified the Oil & Gas Equipment & Services company CSI Compressco LP as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $79.44 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.

CSI Compressco LP (CCLP) Fundamentals that are to be considered.

When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 113.5 million total, with 76.89 million as their total liabilities.

Having a look at the company’s valuation, the company is expected to record -1.06 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on CCLP sounds very interesting.

Is the stock of CCLP attractive?

In related news, Director, LARSON JAMES R bought 31,992 shares of the company’s stock in a transaction that recorded on Aug 20. The purchase was performed at an average price of 1.20, for a total value of 38,371. As the purchase deal closes, the Director, LARSON JAMES R now bought 18,008 shares of the company’s stock, valued at 20,666. Also, Vice President, Finance, Moscoso Michael E bought 5,000 shares of the company’s stock in a deal that was recorded on Jun 23. The shares were cost at an average price of 0.85 per share, with a total market value of 4,250. In the last 6 months, insiders have changed their ownership in shares of company stock by 1.10%.

0 out of 1 analysts covering the stock have rated it a Buy, while 0 have maintained a Hold recommendation on CSI Compressco LP. 1 analysts has assigned a Sell rating on the CCLP stock. The 12-month mean consensus price target for the company’s shares has been set at $1.00.

LEAVE A REPLY

Please enter your comment!
Please enter your name here