Shares of CSI Compressco LP (NASDAQ:CCLP) have received a consensus rating of “Hold” from the six research firms that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $5.33.
A number of analysts recently issued reports on the company. Zacks Investment Research downgraded CSI Compressco from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. ValuEngine raised CSI Compressco from a “strong sell” rating to a “sell” rating in a research report on Monday, October 2nd. Stifel Nicolaus set a $5.00 price target on CSI Compressco and gave the stock a “hold” rating in a research report on Friday, August 25th. Royal Bank of Canada reissued a “hold” rating and set a $8.00 price target on shares of CSI Compressco in a research report on Monday, August 21st. Finally, Bank of America Corporation lowered their price target on CSI Compressco from $6.50 to $5.00 and set an “underperform” rating on the stock in a research report on Wednesday, August 23rd.
CSI Compressco (NASDAQ:CCLP) traded down $0.11 during mid-day trading on Monday, reaching $5.49. The company had a trading volume of 149,700 shares, compared to its average volume of 134,492. CSI Compressco has a 12-month low of $4.12 and a 12-month high of $13.54. The company has a quick ratio of 1.08, a current ratio of 1.75 and a debt-to-equity ratio of 4.92.
CSI Compressco (NASDAQ:CCLP) last posted its earnings results on Tuesday, August 8th. The oil and gas company reported ($0.21) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.25) by $0.04. The firm had revenue of $75.32 million for the quarter, compared to analyst estimates of $66.64 million. CSI Compressco had a negative return on equity of 35.88% and a negative net margin of 14.20%. equities research analysts expect that CSI Compressco will post -1.1 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Investors of record on Wednesday, November 1st will be given a $0.1875 dividend. The ex-dividend date is Tuesday, October 31st. This represents a $0.75 annualized dividend and a yield of 13.66%. CSI Compressco’s payout ratio is -60.00%.
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Several hedge funds have recently modified their holdings of the company. Citadel Advisors LLC purchased a new position in CSI Compressco in the 1st quarter valued at approximately $136,000. Virtu KCG Holdings LLC purchased a new position in CSI Compressco in the 2nd quarter valued at approximately $146,000. Aegis Financial Corp grew its stake in CSI Compressco by 22.0% in the 2nd quarter. Aegis Financial Corp now owns 61,000 shares of the oil and gas company’s stock valued at $296,000 after buying an additional 11,000 shares in the last quarter. Parkwood LLC grew its stake in CSI Compressco by 69.8% in the 2nd quarter. Parkwood LLC now owns 111,621 shares of the oil and gas company’s stock valued at $541,000 after buying an additional 45,900 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its stake in CSI Compressco by 9.1% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 122,770 shares of the oil and gas company’s stock valued at $640,000 after buying an additional 10,232 shares in the last quarter. Institutional investors own 28.66% of the company’s stock.
CSI Compressco Company Profile
CSI Compressco LP is a provider of compression services and equipment for natural gas and oil production, gathering, transportation, processing and storage. The Company sells custom-designed compressor packages and oilfield fluid pump systems, and provides aftermarket services and compressor package parts and components manufactured by third-party suppliers.
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