CSI Compressco LP (NASDAQ:CCLP) issued its earnings results on Tuesday. The oil and gas company reported ($0.21) EPS for the quarter, topping the consensus estimate of ($0.25) by $0.04, Bloomberg Earnings reports. CSI Compressco had a negative return on equity of 30.77% and a negative net margin of 16.39%.

CSI Compressco (NASDAQ CCLP) traded up 5.49% on Tuesday, reaching $4.80. The company had a trading volume of 35,304 shares. The firm’s market cap is $165.57 million. CSI Compressco has a one year low of $4.12 and a one year high of $13.54.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Tuesday, August 1st will be given a dividend of $0.1875 per share. The ex-dividend date is Friday, July 28th. This represents a $0.75 dividend on an annualized basis and a yield of 16.48%. CSI Compressco’s dividend payout ratio is currently -52.45%.

TRADEMARK VIOLATION WARNING: This article was originally published by American Banking News and is the sole property of of American Banking News. If you are reading this article on another website, it was stolen and republished in violation of United States & international copyright law. The legal version of this article can be read at https://www.americanbankingnews.com/2017/08/08/csi-compressco-lp-cclp-posts-quarterly-earnings-results-beats-estimates-by-0-04-eps.html.

Several large investors have recently added to or reduced their stakes in CCLP. Citadel Advisors LLC bought a new stake in CSI Compressco during the first quarter valued at $136,000. Raymond James Trust N.A. raised its stake in CSI Compressco by 4.5% in the first quarter. Raymond James Trust N.A. now owns 27,800 shares of the oil and gas company’s stock valued at $273,000 after buying an additional 1,200 shares in the last quarter. Robotti Robert raised its stake in CSI Compressco by 38.6% in the first quarter. Robotti Robert now owns 32,320 shares of the oil and gas company’s stock valued at $317,000 after buying an additional 9,000 shares in the last quarter. Texas Yale Capital Corp. raised its stake in CSI Compressco by 75.0% in the first quarter. Texas Yale Capital Corp. now owns 35,000 shares of the oil and gas company’s stock valued at $343,000 after buying an additional 15,000 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in CSI Compressco by 77.0% in the fourth quarter. Renaissance Technologies LLC now owns 38,593 shares of the oil and gas company’s stock valued at $376,000 after buying an additional 16,793 shares in the last quarter. Institutional investors own 28.79% of the company’s stock.

Several brokerages have recently commented on CCLP. Zacks Investment Research upgraded CSI Compressco from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Stifel Nicolaus decreased their target price on CSI Compressco from $9.00 to $6.00 and set a “hold” rating for the company in a research report on Wednesday, May 10th. Finally, Royal Bank Of Canada decreased their target price on CSI Compressco from $12.00 to $9.00 and set a “sector perform” rating for the company in a research report on Monday, April 24th.

CSI Compressco Company Profile

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.

Earnings History for CSI Compressco (NASDAQ:CCLP)

Receive News & Ratings for CSI Compressco LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CSI Compressco LP and related companies with MarketBeat.com's FREE daily email newsletter.