Share on StockTwits

Research analysts at Bank of America initiated coverage on shares of Compressco Partners (NASDAQ:GSJK) in a report released on Thursday. The firm set a “buy” rating on the stock.

Compressco Partners (NASDAQ:GSJK) traded up 2.30% during mid-day trading on Thursday, hitting $23.825. The stock had a trading volume of 203,617 shares. Compressco Partners has a 1-year low of $18.78 and a 1-year high of $31.00. The stock has a 50-day moving average of $24.74 and a 200-day moving average of $24.99. The company has a market cap of $735.0 million and a P/E ratio of 18.72.

Compressco Partners (NASDAQ:GSJK) last announced its earnings results on Thursday, August 7th. The company reported $0.30 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.32 by $0.02. On average, analysts predict that Compressco Partners will post $1.02 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, August 15th. Shareholders of record on Monday, July 21st will be paid a dividend of $0.4525 per share. This represents a $1.81 annualized dividend and a dividend yield of 7.77%. The ex-dividend date is Thursday, July 17th. This is a positive change from Compressco Partners’s previous quarterly dividend of $0.45.

A number of other firms have also recently commented on GSJK. Analysts at Zacks downgraded shares of Compressco Partners from an “outperform” rating to a “neutral” rating in a research note on Wednesday. They now have a $26.50 price target on the stock. Separately, analysts at Raymond James upgraded shares of Compressco Partners from a “market perform” rating to a “strong-buy” rating in a research note on Monday. They now have a $33.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Compressco Partners in a research note on Monday, June 23rd. They now have a $27.00 price target on the stock, up previously from $26.00. Two investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $27.63.

Compressco Partners, L.P. is a provider of wellhead compression-based production enhancement services (NASDAQ:GSJK).

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.