Capital One Financial Corporation restated their equal weight rating on shares of CSI Compressco LP (NASDAQ:CCLP) in a report issued on Tuesday morning.
A number of other research firms have also recently issued reports on CCLP. Royal Bank Of Canada cut their target price on shares of CSI Compressco from $12.00 to $9.00 and set a sector perform rating for the company in a research note on Monday, April 24th. Stifel Nicolaus dropped their price objective on shares of 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, Zacks Investment Research cut shares of CSI Compressco from a hold rating to a sell rating in a research report on Thursday, May 25th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $9.50.
Shares of CSI Compressco (CCLP) opened at 4.26 on Tuesday. CSI Compressco has a 12 month low of $4.12 and a 12 month high of $13.54.
CSI Compressco (NASDAQ:CCLP) last posted its earnings results on Tuesday, August 8th. The oil and gas company reported ($0.21) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.04. CSI Compressco had a negative net margin of 17.01% and a negative return on equity of 36.43%. The company had revenue of $75.32 million during the quarter, compared to analysts’ expectations of $66.64 million. Equities research analysts anticipate that CSI Compressco will post ($1.09) EPS for the current fiscal year.
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 $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 17.61%. The ex-dividend date of this dividend is Friday, July 28th. CSI Compressco’s dividend payout ratio (DPR) is presently -50.00%.
A number of hedge funds and other institutional investors have recently bought and sold shares of CCLP. Parkwood LLC boosted its position in CSI Compressco by 1.8% in the first quarter. Parkwood LLC now owns 65,721 shares of the oil and gas company’s stock valued at $644,000 after buying an additional 1,180 shares during the period. Raymond James Trust N.A. boosted its position 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 during the period. Robotti Robert boosted its position 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 during the period. Raymond James Financial Services Advisors Inc. boosted its position in CSI Compressco by 9.3% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 118,916 shares of the oil and gas company’s stock valued at $1,165,000 after buying an additional 10,083 shares during the period. Finally, Aegis Financial Corp boosted its position in CSI Compressco by 22.0% in the second quarter. Aegis Financial Corp now owns 61,000 shares of the oil and gas company’s stock valued at $296,000 after buying an additional 11,000 shares during the period. Hedge funds and other institutional investors own 28.79% of the company’s stock.
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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