CSI Compressco (NASDAQ:CCLP) Share Price Crosses Above 200-Day Moving Average of $1.68

CSI Compressco LP (NASDAQ:CCLP) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.68 and traded as high as $2.34. CSI Compressco shares last traded at $2.33, with a volume of 127,316 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on CSI Compressco in a research report on Friday. They set a “buy” rating on the stock.

CSI Compressco Stock Performance

The business has a 50-day moving average price of $2.06 and a 200 day moving average price of $1.69.

CSI Compressco (NASDAQ:CCLP) last issued its quarterly earnings results on Friday, March 1st. The oil and gas company reported ($0.02) EPS for the quarter. The firm had revenue of $98.27 million during the quarter.

CSI Compressco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Wednesday, January 31st were issued a dividend of $0.01 per share. The ex-dividend date was Tuesday, January 30th. This represents a $0.04 dividend on an annualized basis and a yield of 1.72%. CSI Compressco’s dividend payout ratio (DPR) is -57.14%.

Institutional Trading of CSI Compressco

A number of institutional investors have recently added to or reduced their stakes in CCLP. Jane Street Group LLC purchased a new stake in CSI Compressco during the 4th quarter worth about $26,000. Crystalline Management Inc. purchased a new stake in CSI Compressco during the 4th quarter worth about $29,000. Virtu Financial LLC purchased a new stake in CSI Compressco during the 2nd quarter worth about $39,000. Raymond James Financial Services Advisors Inc. purchased a new stake in CSI Compressco during the 3rd quarter worth about $49,000. Finally, BNP Paribas Arbitrage SNC raised its holdings in shares of CSI Compressco by 53.7% in the 2nd quarter. BNP Paribas Arbitrage SNC now owns 70,657 shares of the oil and gas company’s stock valued at $89,000 after acquiring an additional 24,693 shares in the last quarter. Hedge funds and other institutional investors own 68.85% of the company’s stock.

CSI Compressco Company Profile

CSI Compressco LP provides contract services for natural gas compression and treating in the United States, Latin America, Canada, Egypt, and internationally. The company offers natural gas compression services through low-, medium-, and high-horsepower compressor packages for oil and natural gas production, gathering, artificial lift, transmission, processing, and storage.