Brokerages Set CSI Compressco LP (CCLP) Price Target at $5.33

CSI Compressco LP (NASDAQ:CCLP) has earned a consensus recommendation of “Hold” from the six brokerages that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $5.33.

A number of equities research analysts recently weighed in on the stock. Capital One Financial reaffirmed an “equal weight” rating on shares of CSI Compressco in a report on Tuesday, August 8th. Bank of America lowered their price target on shares of CSI Compressco from $6.50 to $5.00 and set an “underperform” rating for the company in a report on Wednesday, August 23rd. Royal Bank Of Canada reaffirmed a “hold” rating and set a $8.00 price target on shares of CSI Compressco in a report on Monday, August 21st. Stifel Nicolaus set a $5.00 price objective on shares of CSI Compressco and gave the stock a “hold” rating in a report on Friday, August 25th. Finally, ValuEngine raised shares of CSI Compressco from a “strong sell” rating to a “sell” rating in a report on Monday, October 2nd.

CSI Compressco (NASDAQ CCLP) traded down $0.05 on Friday, reaching $5.10. 83,360 shares of the company were exchanged, compared to its average volume of 132,656. CSI Compressco has a 1-year low of $4.12 and a 1-year high of $13.54. The company has a quick ratio of 0.98, a current ratio of 1.75 and a debt-to-equity ratio of 4.92.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Wednesday, November 1st were issued a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 14.71%. The ex-dividend date was Tuesday, October 31st. CSI Compressco’s dividend payout ratio (DPR) is presently -60.00%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC boosted its holdings in shares of CSI Compressco by 99.3% in the 1st quarter. Renaissance Technologies LLC now owns 76,912 shares of the oil and gas company’s stock valued at $754,000 after buying an additional 38,319 shares during the period. FMR LLC boosted its holdings in shares of CSI Compressco by 91.7% in the 2nd quarter. FMR LLC now owns 1,353,231 shares of the oil and gas company’s stock valued at $6,563,000 after buying an additional 647,176 shares during the period. WealthTrust Axiom LLC boosted its holdings in shares of CSI Compressco by 13.8% in the 2nd quarter. WealthTrust Axiom LLC now owns 235,575 shares of the oil and gas company’s stock valued at $1,142,000 after buying an additional 28,516 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of CSI Compressco by 9.1% in the 3rd 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 during the period. Finally, Virtu KCG Holdings LLC bought a new stake in CSI Compressco in the 2nd quarter valued at about $146,000. 27.92% of the stock is owned by institutional investors and hedge funds.

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About CSI Compressco

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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