Shares of CSI Compressco LP (NASDAQ:CCLP) have received a consensus recommendation of “Hold” from the seven analysts that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $6.33.
A number of brokerages recently weighed in on CCLP. BidaskClub downgraded shares of CSI Compressco from a “buy” rating to a “hold” rating in a research report on Tuesday, February 27th. Stifel Nicolaus raised their target price on shares of CSI Compressco from $5.00 to $7.00 and gave the stock a “hold” rating in a report on Wednesday, January 31st. ValuEngine upgraded shares of CSI Compressco from a “strong sell” rating to a “sell” rating in a report on Friday, February 23rd. Finally, Zacks Investment Research cut shares of CSI Compressco from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd.
Several large investors have recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. grew its stake in shares of CSI Compressco by 9.1% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 122,770 shares of the oil and gas company’s stock valued at $640,000 after buying an additional 10,232 shares in the last quarter. WealthTrust Axiom LLC boosted its position in CSI Compressco by 10.1% during the fourth quarter. WealthTrust Axiom LLC now owns 256,668 shares of the oil and gas company’s stock worth $1,403,000 after purchasing an additional 23,521 shares during the period. Hudson Bay Capital Management LP boosted its position in CSI Compressco by 46.6% during the fourth quarter. Hudson Bay Capital Management LP now owns 350,931 shares of the oil and gas company’s stock worth $1,920,000 after purchasing an additional 111,615 shares during the period. Goldman Sachs Group Inc. boosted its position in CSI Compressco by 4.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,950,641 shares of the oil and gas company’s stock worth $16,140,000 after purchasing an additional 131,654 shares during the period. Finally, Renaissance Technologies LLC bought a new position in CSI Compressco during the fourth quarter worth $1,150,000. 30.71% of the stock is owned by institutional investors and hedge funds.
CSI Compressco (NASDAQ:CCLP) last announced its quarterly earnings results on Tuesday, February 27th. The oil and gas company reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.05). The firm had revenue of $83.10 million during the quarter, compared to analyst estimates of $76.15 million. CSI Compressco had a negative net margin of 13.69% and a negative return on equity of 38.50%. equities analysts anticipate that CSI Compressco will post -0.56 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Thursday, February 1st were paid a $0.1875 dividend. The ex-dividend date of this dividend was Wednesday, January 31st. This represents a $0.75 annualized dividend and a dividend yield of 9.97%. CSI Compressco’s dividend payout ratio is presently -65.79%.
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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