CSI Compressco (NASDAQ:CCLP) Earns Buy Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of CSI Compressco (NASDAQ:CCLPFree Report) in a report issued on Saturday. The firm issued a buy rating on the oil and gas company’s stock.

Separately, TheStreet raised shares of CSI Compressco from a d+ rating to a c- rating in a research report on Friday, November 3rd.

Check Out Our Latest Research Report on CSI Compressco

CSI Compressco Stock Performance

CCLP stock opened at $1.99 on Friday. The stock has a market cap of $282.56 million, a P/E ratio of -24.88 and a beta of 0.75. The firm has a 50 day simple moving average of $1.78 and a 200 day simple moving average of $1.47. CSI Compressco has a 52 week low of $1.04 and a 52 week high of $2.06.

CSI Compressco Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 14th. Investors of record on Wednesday, January 31st will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend is Tuesday, January 30th. CSI Compressco’s payout ratio is presently -50.00%.

Hedge Funds Weigh In On CSI Compressco

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Crystalline Management Inc. bought a new position in shares of CSI Compressco in the fourth quarter valued at approximately $29,000. Jane Street Group LLC bought a new position in shares of CSI Compressco in the fourth quarter valued at approximately $26,000. Virtu Financial LLC bought a new position in shares of CSI Compressco in the second quarter valued at approximately $39,000. Raymond James Financial Services Advisors Inc. bought a new position in shares of CSI Compressco in the third quarter valued at approximately $49,000. Finally, BNP Paribas Arbitrage SNC raised its position in shares of CSI Compressco by 53.7% in the second quarter. BNP Paribas Arbitrage SNC now owns 70,657 shares of the oil and gas company’s stock valued at $89,000 after purchasing an additional 24,693 shares during the period. Institutional investors own 23.33% of the company’s stock.

CSI Compressco Company Profile

(Get Free Report)

CSI Compressco LP provides contract services for natural gas compression and treating in the United States, Latin America, Canada, Egypt, and internationally. The company offers natural gas compression services through low-, medium-, and high-horsepower compressor packages for oil and natural gas production, gathering, artificial lift, transmission, processing, and storage.

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