CCLP Stock Summary and Trading Ideas (Csi Compressco | NASDAQ:CCLP)

CSI Compressco LP is a limited partnership operating in the U.S. 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.

Csi Compressco trades on the NASDAQ stock market under the symbol CCLP.

As of April 19, 2024, CCLP stock price was flat at $2.42 with million shares trading.

CCLP has a beta of 0.90, meaning it tends to be less sensitive to market movements. CCLP has a correlation of 0.04 to the broad based SPY ETF.

CCLP has a market cap of $343.63 million. This is considered a Small Cap stock.

In the last 3 years, CCLP stock traded as high as $2.44 and as low as $1.04.

CCLP has outperformed the market in the last year with a price return of +103.3% while the SPY ETF gained +21.2%. CCLP has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +40.5% and 0.0%, respectively, while the SPY returned +4.3% and -3.5%, respectively.

CCLP support price is $2.37 and resistance is $2.47 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CCLP stock will trade within this expected range on the day.