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Should You Buy CSI Compressco LP (CCLP) Stock on Wednesday?

Wednesday, December 01, 2021 11:15 AM | InvestorsObserver Analysts

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Should You Buy CSI Compressco LP (CCLP) Stock on Wednesday?

CSI Compressco LP (CCLP) stock is down 9.92% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bearish
CSI Compressco LP has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on CCLP!

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With CCLP Stock Today?

CSI Compressco LP (CCLP) stock has fallen -2.48% while the S&P 500 has risen 1.64% as of 11:13 AM on Wednesday, Dec 1. CCLP has fallen -$0.03 from the previous closing price of $1.21 on volume of 107,769 shares. Over the past year the S&P 500 has risen 28.17% while CCLP has risen 29.67%. CCLP lost -$1.32 per share in the over the last 12 months.

More About CSI Compressco LP

CSI Compressco LP is a limited partnership operating in the US. The company is a provider of compression services and equipment for natural gas and oil production, gathering, transportation, processing, and storage. It sells standard and custom-designed compressor packages and oil field fluid pump systems and provides aftermarket services and compressor package parts and components manufactured by third-party suppliers. In addition, the company provides compression services and equipment to natural gas and oil exploration and production, midstream, and transmission companies. The majority of the company's revenue comes from the United States. Click Here to get the full Stock Report for CSI Compressco LP stock.

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