Shares of CSI Compressco LP (NASDAQ:CCLP) were down 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 changing hands. The stock had previously closed at $8.99.

A number of analysts have recently issued reports on CCLP shares. Zacks Investment Research upgraded shares of CSI Compressco from a “sell” rating to a “hold” rating in a research note on Friday, May 20th. TheStreet lowered shares of CSI Compressco from a “hold” rating to a “sell” rating in a research note on Friday, April 8th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $12.00.

The company’s market capitalization is $286.68 million. The stock has a 50 day moving average price of $8.33 and a 200 day moving average price of $7.19.

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

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 15th. Stockholders of record on Monday, August 1st will be issued a $0.3775 dividend. The ex-dividend date of this dividend is Thursday, July 28th. This represents a $1.51 dividend on an annualized basis and a dividend yield of 17.50%.

A hedge fund recently raised its stake in CSI Compressco stock. Advisors Asset Management Inc. boosted its stake in shares of CSI Compressco LP (NASDAQ:CCLP) by 22.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 157,335 shares of the company’s stock after buying an additional 29,116 shares during the period. Advisors Asset Management Inc. owned about 0.47% of CSI Compressco worth $1,794,000 as of its most recent filing with the SEC.

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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