Media stories about CSI Compressco (NASDAQ:CCLP) have trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. CSI Compressco earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave media headlines about the oil and gas company an impact score of 46.7937223503413 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
CCLP has been the topic of several research reports. Zacks Investment Research raised CSI Compressco from a “sell” rating to a “hold” rating in a report on Monday, October 23rd. Stifel Nicolaus reiterated a “hold” rating and set a $5.00 price objective on shares of CSI Compressco in a research report on Friday, November 3rd. Royal Bank of Canada reiterated a “sector perform” rating and set a $6.00 price objective (up from $5.00) on shares of CSI Compressco in a research report on Thursday, November 9th. Finally, ValuEngine upgraded shares of CSI Compressco from a “strong sell” rating to a “sell” rating in a research report on Thursday, November 9th. Three research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $6.00.
CSI Compressco (NASDAQ:CCLP) traded down $0.09 during midday trading on Monday, reaching $6.15. 100,500 shares of the company’s stock traded hands, compared to its average volume of 143,602. CSI Compressco has a 12-month low of $4.12 and a 12-month high of $12.45. 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 stock has a market cap of $222.68, a PE ratio of -4.92 and a beta of 2.04.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 14th. Shareholders of record on Thursday, February 1st will be given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 12.20%. The ex-dividend date is Wednesday, January 31st. CSI Compressco’s payout ratio is -60.00%.
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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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