CSI Compressco LP (CCLP) Receives Consensus Rating of “Hold” from Analysts

CSI Compressco LP (NASDAQ:CCLP) has been given a consensus rating of “Hold” by the six brokerages that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $5.33.

Several equities research analysts have recently commented on the stock. ValuEngine upgraded shares of CSI Compressco from a “strong sell” rating to a “sell” rating in a research report on Thursday, November 9th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $6.00 price target (up previously from $5.00) on shares of CSI Compressco in a research report on Thursday, November 9th. Stifel Nicolaus reiterated a “hold” rating and set a $5.00 price target on shares of CSI Compressco in a research report on Friday, November 3rd. Zacks Investment Research upgraded shares of CSI Compressco from a “sell” rating to a “hold” rating in a research report on Monday, October 23rd. Finally, Bank of America reduced their price objective on shares of CSI Compressco from $6.50 to $5.00 and set an “underperform” rating on the stock in a research note on Wednesday, August 23rd.

Institutional investors have recently added to or reduced their stakes in the stock. Virtu KCG Holdings LLC bought a new position in CSI Compressco during the 2nd quarter worth approximately $146,000. Aegis Financial Corp boosted its stake in CSI Compressco by 22.0% during the 2nd quarter. Aegis Financial Corp now owns 61,000 shares of the oil and gas company’s stock worth $296,000 after acquiring an additional 11,000 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in CSI Compressco by 9.1% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 122,770 shares of the oil and gas company’s stock worth $640,000 after acquiring an additional 10,232 shares during the last quarter. Renaissance Technologies LLC boosted its stake in CSI Compressco by 99.3% during the 1st quarter. Renaissance Technologies LLC now owns 76,912 shares of the oil and gas company’s stock worth $754,000 after acquiring an additional 38,319 shares during the last quarter. Finally, Airain ltd bought a new position in CSI Compressco during the 2nd quarter worth approximately $796,000. 27.92% of the stock is currently owned by institutional investors and hedge funds.

Shares of CSI Compressco (CCLP) traded up $0.08 during trading hours on Friday, hitting $5.15. 130,699 shares of the stock traded hands, compared to its average volume of 133,326. CSI Compressco has a 12 month low of $4.12 and a 12 month high of $13.54. The company has a quick ratio of 0.98, a current ratio of 1.75 and a debt-to-equity ratio of 4.92.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Wednesday, November 1st were paid a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 14.56%. The ex-dividend date of this dividend was Tuesday, October 31st. CSI Compressco’s payout ratio is -61.98%.

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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.

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