News stories about CSI Compressco (NASDAQ:CCLP) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CSI Compressco earned a coverage optimism score of 0.11 on Accern’s scale. Accern also gave media stories about the oil and gas company an impact score of 45.9798593606289 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shares of CSI Compressco (CCLP) opened at $5.20 on Tuesday. CSI Compressco has a 12 month low of $4.12 and a 12 month high of $13.54. The company has a debt-to-equity ratio of 4.92, a quick ratio of 0.98 and a current ratio of 1.75.
The company also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Wednesday, November 1st were paid a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 14.42%. The ex-dividend date was Tuesday, October 31st. CSI Compressco’s dividend payout ratio is -61.98%.
A number of research analysts have recently weighed in on CCLP shares. Capital One Financial reissued an “equal weight” rating on shares of CSI Compressco in a research note on Tuesday, August 8th. Royal Bank Of Canada reissued a “hold” rating and issued a $8.00 price target on shares of CSI Compressco in a research note on Monday, August 21st. Bank of America dropped their price objective on CSI Compressco from $6.50 to $5.00 and set an “underperform” rating on the stock in a research note on Wednesday, August 23rd. Stifel Nicolaus set a $5.00 price objective on CSI Compressco and gave the stock a “hold” rating in a research note on Friday, August 25th. Finally, ValuEngine raised CSI Compressco from a “strong sell” rating to a “sell” rating in a research note on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company. CSI Compressco has a consensus rating of “Hold” and an average target price of $5.33.
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About CSI Compressco
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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