CSI Compressco (NASDAQ:CCLP) Upgraded by ValuEngine to “Hold”

ValuEngine upgraded shares of CSI Compressco (NASDAQ:CCLP) from a sell rating to a hold rating in a research note released on Thursday, ValuEngine reports.

Separately, Zacks Investment Research lowered CSI Compressco from a hold rating to a sell rating in a report on Friday, July 19th. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $3.50.

NASDAQ CCLP traded down $0.06 on Thursday, reaching $3.60. The stock had a trading volume of 93,441 shares, compared to its average volume of 184,031. The company has a debt-to-equity ratio of 11.06, a current ratio of 1.24 and a quick ratio of 0.65. The stock’s fifty day moving average is $3.50. CSI Compressco has a 1-year low of $2.10 and a 1-year high of $6.29.

CSI Compressco (NASDAQ:CCLP) last issued its quarterly earnings data on Wednesday, May 8th. The oil and gas company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.14). CSI Compressco had a negative net margin of 7.38% and a negative return on equity of 49.28%. The firm had revenue of $103.44 million during the quarter, compared to analyst estimates of $116.35 million. On average, equities analysts anticipate that CSI Compressco will post -0.28 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 14th. Shareholders of record on Thursday, August 1st will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend is Wednesday, July 31st. CSI Compressco’s dividend payout ratio is -4.65%.

Hedge funds and other institutional investors have recently modified their holdings of the business. Wiley BROS. Aintree Capital LLC grew its holdings in CSI Compressco by 74.0% in the 1st quarter. Wiley BROS. Aintree Capital LLC now owns 291,144 shares of the oil and gas company’s stock valued at $827,000 after buying an additional 123,850 shares in the last quarter. FMR LLC grew its holdings in shares of CSI Compressco by 8.3% during the 4th quarter. FMR LLC now owns 1,710,863 shares of the oil and gas company’s stock worth $3,969,000 after purchasing an additional 130,809 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of CSI Compressco during the 1st quarter worth $76,000. Lapides Asset Management LLC grew its holdings in shares of CSI Compressco by 15.7% during the 2nd quarter. Lapides Asset Management LLC now owns 41,900 shares of the oil and gas company’s stock worth $148,000 after purchasing an additional 5,700 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of CSI Compressco by 42.7% during the 4th quarter. Geode Capital Management LLC now owns 39,094 shares of the oil and gas company’s stock worth $90,000 after purchasing an additional 11,701 shares in the last quarter. 28.68% of the stock is currently owned by hedge funds and other institutional investors.

About CSI Compressco

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, and compressor package parts and components, as well as provides aftermarket services, such as operations, maintenance, overhaul, and reconfiguration.

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