CSI Compressco LP (NASDAQ:CCLP) has received an average recommendation of “Hold” from the six research firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $7.00.
A number of research analysts have recently issued reports on the company. Zacks Investment Research lowered CSI Compressco from a “buy” rating to a “hold” rating in a report on Wednesday, January 16th. ValuEngine lowered CSI Compressco from a “hold” rating to a “sell” rating in a report on Monday, February 4th.
Several large investors have recently added to or reduced their stakes in CCLP. KG&L Capital Management LLC acquired a new position in CSI Compressco during the fourth quarter worth $35,000. Virtu Financial LLC acquired a new position in CSI Compressco during the fourth quarter worth $41,000. Geode Capital Management LLC grew its holdings in CSI Compressco by 42.7% during the fourth quarter. Geode Capital Management LLC now owns 39,094 shares of the oil and gas company’s stock worth $90,000 after acquiring an additional 11,701 shares during the period. Wiley BROS. Aintree Capital LLC acquired a new position in CSI Compressco during the fourth quarter worth $446,000. Finally, Intrinsic Edge Capital Management LLC acquired a new position in CSI Compressco during the fourth quarter worth $464,000. 29.87% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ CCLP traded up $0.01 on Tuesday, reaching $3.02. The stock had a trading volume of 74,012 shares, compared to its average volume of 181,371. The company has a current ratio of 1.61, a quick ratio of 0.92 and a debt-to-equity ratio of 9.39. CSI Compressco has a 12-month low of $2.10 and a 12-month high of $7.60. The stock has a market cap of $141.85 million, a P/E ratio of -3.51 and a beta of 2.25.
CSI Compressco (NASDAQ:CCLP) last issued its quarterly earnings data on Wednesday, February 27th. The oil and gas company reported ($0.08) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.08). CSI Compressco had a negative return on equity of 49.69% and a negative net margin of 8.43%. The company had revenue of $138.07 million during the quarter, compared to analysts’ expectations of $129.66 million. As a group, research analysts predict that CSI Compressco will post -0.24 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend is Tuesday, April 30th. CSI Compressco’s payout ratio is currently -4.65%.
CSI Compressco Company Profile
CSI Compressco LP provides compression services and equipment for natural gas and oil production, gathering, transportation, processing, and storage applications in the United States and internationally. It fabricates and sells standard and custom-designed compressor packages, oilfield fluid pump systems, and compressor package parts and components, as well as provides aftermarket services, such as operations, maintenance, overhaul, and reconfiguration services.
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