Stifel Nicolaus reissued their hold rating on shares of CSI Compressco LP (NASDAQ:CCLP) in a report released on Friday. Stifel Nicolaus currently has a $5.00 price target on the oil and gas company’s stock.
CCLP has been the topic of several other reports. Zacks Investment Research cut CSI Compressco from a hold rating to a sell rating in a research report on Tuesday, October 10th. Bank of America Corporation dropped their price objective 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. Royal Bank Of Canada reaffirmed a hold rating and set a $8.00 price objective on shares of CSI Compressco in a research report on Monday, August 21st. ValuEngine raised CSI Compressco from a strong sell rating to a sell rating in a research report on Monday, October 2nd. Finally, Capital One Financial Corporation reissued an equal weight rating on shares of CSI Compressco in a research report on Tuesday, August 8th. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The company presently has an average rating of Hold and a consensus price target of $6.00.
Shares of CSI Compressco (NASDAQ CCLP) opened at $4.72 on Friday. The company has a debt-to-equity ratio of 4.32, a quick ratio of 1.08 and a current ratio of 1.86. CSI Compressco has a 12-month low of $4.12 and a 12-month high of $13.54.
CSI Compressco (NASDAQ:CCLP) last released its quarterly earnings data on Tuesday, August 8th. The oil and gas company reported ($0.21) EPS for the quarter, beating the consensus estimate of ($0.25) by $0.04. CSI Compressco had a negative return on equity of 36.43% and a negative net margin of 17.01%. The company had revenue of $75.32 million for the quarter, compared to analysts’ expectations of $66.64 million. analysts anticipate that CSI Compressco will post -1.1 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders 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 15.89%. CSI Compressco’s payout ratio is -50.00%.
A number of large investors have recently made changes to their positions in the business. Raymond James Financial Services Advisors Inc. boosted its position in CSI Compressco by 9.1% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 122,770 shares of the oil and gas company’s stock worth $640,000 after purchasing an additional 10,232 shares during the last quarter. Aegis Financial Corp boosted its position in CSI Compressco by 22.0% in the second quarter. Aegis Financial Corp now owns 61,000 shares of the oil and gas company’s stock worth $296,000 after purchasing an additional 11,000 shares during the last quarter. Virtu KCG Holdings LLC purchased a new position in CSI Compressco in the second quarter worth about $146,000. FMR LLC boosted its position in CSI Compressco by 91.7% in the second quarter. FMR LLC now owns 1,353,231 shares of the oil and gas company’s stock worth $6,563,000 after purchasing an additional 647,176 shares during the last quarter. Finally, Airain ltd purchased a new position in CSI Compressco in the second quarter worth about $796,000. 28.66% of the stock is currently owned by institutional investors and hedge funds.
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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