ValuEngine cut shares of CSI Compressco (NASDAQ:CCLP) from a buy rating to a hold rating in a report issued on Tuesday.

A number of other research firms have also recently weighed in on CCLP. Stifel Nicolaus restated a hold rating and issued a $7.00 price target (down from $8.00) on shares of CSI Compressco in a research note on Tuesday, May 8th. Zacks Investment Research upgraded CSI Compressco from a sell rating to a hold rating in a research note on Monday, August 13th. Raymond James set a $8.00 price target on CSI Compressco and gave the company a buy rating in a research note on Tuesday, May 8th. Finally, BidaskClub cut CSI Compressco from a buy rating to a hold rating in a research note on Monday, May 14th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $7.00.

CSI Compressco stock opened at $5.79 on Tuesday. CSI Compressco has a 1-year low of $4.51 and a 1-year high of $8.05. The company has a quick ratio of 1.50, a current ratio of 2.31 and a debt-to-equity ratio of 8.65.

CSI Compressco (NASDAQ:CCLP) last posted its quarterly earnings results on Wednesday, August 8th. The oil and gas company reported ($0.23) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.22) by ($0.01). CSI Compressco had a negative net margin of 12.89% and a negative return on equity of 51.34%. The business had revenue of $99.92 million during the quarter, compared to analyst estimates of $91.13 million. sell-side analysts predict that CSI Compressco will post -0.88 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 14th. Stockholders of record on Wednesday, August 1st were given a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 12.95%. The ex-dividend date of this dividend was Tuesday, July 31st. CSI Compressco’s dividend payout ratio (DPR) is currently -64.10%.

Institutional investors and hedge funds have recently bought and sold shares of the company. Penn Capital Management Co. Inc. acquired a new stake in shares of CSI Compressco during the first quarter worth about $120,000. Hilltop Holdings Inc. increased its position in shares of CSI Compressco by 23.5% during the second quarter. Hilltop Holdings Inc. now owns 97,150 shares of the oil and gas company’s stock worth $542,000 after purchasing an additional 18,500 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of CSI Compressco by 120.3% during the second quarter. Renaissance Technologies LLC now owns 308,002 shares of the oil and gas company’s stock worth $1,719,000 after purchasing an additional 168,218 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of CSI Compressco by 25.8% during the first quarter. Wells Fargo & Company MN now owns 960,222 shares of the oil and gas company’s stock worth $6,972,000 after purchasing an additional 196,936 shares in the last quarter. Finally, FMR LLC increased its position in shares of CSI Compressco by 17.9% during the second quarter. FMR LLC now owns 1,418,587 shares of the oil and gas company’s stock worth $7,916,000 after purchasing an additional 215,651 shares in the last quarter. Institutional investors and hedge funds own 26.04% of the company’s stock.

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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