CSI Compressco LP (NASDAQ:CCLP) announced a quarterly dividend on Friday, July 21st, Fidelity reports. Investors of record on Tuesday, August 1st will be paid a dividend of 0.1875 per share by the oil and gas company on Monday, August 14th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 15.96%. The ex-dividend date is Friday, July 28th.
Shares of CSI Compressco (NASDAQ CCLP) traded down 1.06% during mid-day trading on Wednesday, hitting $4.65. The company had a trading volume of 17,808 shares. CSI Compressco has a 52 week low of $4.12 and a 52 week high of $13.54.
CSI Compressco (NASDAQ:CCLP) last posted its quarterly earnings results on Tuesday, May 9th. The oil and gas company reported ($0.46) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by $0.27. The business had revenue of $65.55 million for the quarter, compared to analyst estimates of $70.55 million. CSI Compressco had a negative return on equity of 30.77% and a negative net margin of 16.39%. Equities analysts predict that CSI Compressco will post ($1.07) EPS for the current fiscal year.
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Several equities analysts have weighed in on the stock. Royal Bank Of Canada decreased their target price on shares of CSI Compressco from $12.00 to $9.00 and set a “sector perform” rating on the stock in a report on Monday, April 24th. Stifel Nicolaus decreased their target price on shares of CSI Compressco from $9.00 to $6.00 and set a “hold” rating on the stock in a report on Wednesday, May 10th. Finally, Zacks Investment Research lowered shares of CSI Compressco from a “hold” rating to a “sell” rating in a report on Thursday, May 25th.
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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