Compressco Partners (GSJK) Plans Quarterly Dividend of $0.44
Compressco Partners (NASDAQ:GSJK) declared a quarterly dividend on Tuesday, January 21st, Analyst Ratings Net reports. Shareholders of record on Friday, January 31st will be given a dividend of 0.4375 per share on Friday, February 14th. This represents a $1.75 dividend on an annualized basis and a yield of 8.14%.
A number of analysts have recently weighed in on GSJK shares. Analysts at Zacks upgraded shares of Compressco Partners from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday, November 21st. They now have a $22.70 price target on the stock. On a related note, analysts at RBC Capital raised their price target on shares of Compressco Partners from $19.00 to $22.00 in a research note to investors on Wednesday, November 6th. They now have a “sector perform” rating on the stock.
Shares of Compressco Partners (NASDAQ:GSJK) traded up 2.33% during mid-day trading on Tuesday, hitting $22.00. 4,361 shares of the company’s stock traded hands. Compressco Partners has a 52 week low of $17.74 and a 52 week high of $25.72. The stock’s 50-day moving average is $20.43 and its 200-day moving average is $20.66. The company has a market cap of $342.2 million and a P/E ratio of 21.20.
Compressco Partners, L.P. is a provider of wellhead compression-based production enhancement services (NASDAQ:GSJK).
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