CSI Compressco LP (NASDAQ:CCLP) has been given an average recommendation of “Hold” by the seven analysts that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $7.00.

A number of brokerages have recently issued reports on CCLP. Zacks Investment Research downgraded CSI Compressco from a “hold” rating to a “sell” rating in a report on Tuesday, October 9th. ValuEngine raised CSI Compressco from a “hold” rating to a “buy” rating in a report on Tuesday, August 28th. BidaskClub downgraded CSI Compressco from a “hold” rating to a “sell” rating in a report on Friday, September 7th. Finally, Janney Montgomery Scott downgraded CSI Compressco from a “buy” rating to a “neutral” rating in a report on Friday, October 12th.

A number of hedge funds have recently bought and sold shares of the business. OppenheimerFunds Inc. lifted its holdings in CSI Compressco by 4.4% in the second quarter. OppenheimerFunds Inc. now owns 4,275,136 shares of the oil and gas company’s stock valued at $23,856,000 after acquiring an additional 179,760 shares during the period. FMR LLC lifted its holdings in CSI Compressco by 17.9% in the second quarter. FMR LLC now owns 1,418,587 shares of the oil and gas company’s stock valued at $7,916,000 after acquiring an additional 215,651 shares during the period. Wells Fargo & Company MN lifted its holdings in CSI Compressco by 25.8% in the first quarter. Wells Fargo & Company MN now owns 960,222 shares of the oil and gas company’s stock valued at $6,972,000 after acquiring an additional 196,936 shares during the period. Renaissance Technologies LLC lifted its holdings in CSI Compressco by 120.3% in the second quarter. Renaissance Technologies LLC now owns 308,002 shares of the oil and gas company’s stock valued at $1,719,000 after acquiring an additional 168,218 shares during the period. Finally, Hilltop Holdings Inc. lifted its holdings in CSI Compressco by 23.5% in the second quarter. Hilltop Holdings Inc. now owns 97,150 shares of the oil and gas company’s stock valued at $542,000 after acquiring an additional 18,500 shares during the period. 26.05% of the stock is currently owned by institutional investors.

Shares of NASDAQ:CCLP traded up $0.06 during midday trading on Tuesday, reaching $4.76. 167,963 shares of the company’s stock traded hands, compared to its average volume of 134,782. The company has a market cap of $202.70 million, a P/E ratio of -4.07 and a beta of 1.59. The company has a debt-to-equity ratio of 8.65, a current ratio of 2.31 and a quick ratio of 1.50. CSI Compressco has a one year low of $4.42 and a one year high of $8.05.

CSI Compressco (NASDAQ:CCLP) last announced its quarterly earnings results on Wednesday, August 8th. The oil and gas company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.01). The business had revenue of $99.92 million for the quarter, compared to the consensus estimate of $91.13 million. CSI Compressco had a negative net margin of 12.89% and a negative return on equity of 51.34%. On average, sell-side analysts anticipate that CSI Compressco will post -0.87 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 14th. Shareholders of record on Thursday, November 1st will be issued a $0.75 dividend. This is an increase from CSI Compressco’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Wednesday, October 31st. This represents a $3.00 dividend on an annualized basis and a yield of 63.03%. CSI Compressco’s dividend payout ratio is currently -64.10%.

CSI Compressco Company Profile

CSI Compressco LP provides compression services and equipment for natural gas and oil production, gathering, transportation, processing, and storage applications in the United States and internationally. It fabricates and sells standard and custom-designed compressor packages, oilfield fluid pump systems, and compressor package parts and components, as well as provides aftermarket services, such as operations, maintenance, overhaul, and reconfiguration services.

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