CSI Compressco LP (NASDAQ:CCLP) shares fell 4.1% during mid-day trading on Thursday . The company traded as low as $8.53 and last traded at $8.62, with a volume of 50,600 shares trading hands. The stock had previously closed at $8.99.

A number of brokerages recently issued reports on CCLP. Zacks Investment Research cut shares of CSI Compressco from a “buy” rating to a “hold” rating in a research note on Tuesday, July 19th. TheStreet cut shares of CSI Compressco from a “hold” rating to a “sell” rating in a research note on Friday, April 8th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. CSI Compressco currently has an average rating of “Hold” and a consensus price target of $9.00.

The firm has a 50 day moving average price of $8.32 and a 200-day moving average price of $7.18. The company’s market cap is $292.33 million.

CSI Compressco (NASDAQ:CCLP) last released its earnings results on Friday, May 6th. The company reported ($0.11) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.05) by $0.06. The firm had revenue of $81.70 million for the quarter, compared to analysts’ expectations of $88.28 million. Equities analysts expect that CSI Compressco LP will post ($0.41) EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, August 15th. Stockholders of record on Monday, August 1st will be given a dividend of $0.3775 per share. This represents a $1.51 dividend on an annualized basis and a dividend yield of 17.16%. The ex-dividend date is Thursday, July 28th.

A hedge fund recently raised its stake in CSI Compressco stock. Wells Fargo & Company MN increased its position in shares of CSI Compressco LP (NASDAQ:CCLP) by 33,712.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,001,185 shares of the company’s stock after buying an additional 998,224 shares during the period. Wells Fargo & Company MN owned approximately 3.02% of CSI Compressco worth $11,414,000 at the end of the most recent quarter.

CSI Compressco LP, formerly Compressco Partners, L.P., 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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