Royal Bank Of Canada restated their sector perform rating on shares of CSI Compressco LP (NASDAQ:CCLP) in a research report released on Thursday morning, MarketBeat Ratings reports. The firm currently has a $6.00 price objective on the oil and gas company’s stock, up from their previous price objective of $5.00.

CCLP has been the topic of a number of other research reports. Zacks Investment Research cut shares of CSI Compressco from a hold rating to a sell rating in a report on Tuesday, October 10th. Bank of America Corporation cut their price objective on shares of CSI Compressco from $6.50 to $5.00 and set an underperform rating on the stock in a report on Wednesday, August 23rd. 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. ValuEngine upgraded shares of CSI Compressco from a strong sell rating to a sell rating in a report on Monday, October 2nd. Finally, Capital One Financial Corporation reiterated an equal weight rating on shares of CSI Compressco in a research note on Tuesday, August 8th. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The stock currently has an average rating of Hold and an average target price of $5.33.

Shares of CSI Compressco (CCLP) traded down $0.11 on Thursday, reaching $5.49. 149,700 shares of the company’s stock were exchanged, compared to its average volume of 153,769. The company has a debt-to-equity ratio of 4.92, a quick ratio of 1.08 and a current ratio of 1.75. CSI Compressco has a twelve month low of $4.12 and a twelve month high of $13.54.

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The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 14th. Stockholders of record on Wednesday, November 1st will be paid a $0.1875 dividend. The ex-dividend date is Tuesday, October 31st. This represents a $0.75 annualized dividend and a dividend yield of 13.66%. CSI Compressco’s dividend payout ratio is presently -60.00%.

Several hedge funds and other institutional investors have recently modified their holdings of CCLP. Virtu KCG Holdings LLC bought a new position in shares of CSI Compressco in the second quarter worth approximately $146,000. Aegis Financial Corp lifted its stake in shares of CSI Compressco by 22.0% in the second quarter. Aegis Financial Corp now owns 61,000 shares of the oil and gas company’s stock worth $296,000 after buying an additional 11,000 shares in the last quarter. Parkwood LLC lifted its stake in shares of CSI Compressco by 69.8% in the second quarter. Parkwood LLC now owns 111,621 shares of the oil and gas company’s stock worth $541,000 after buying an additional 45,900 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of CSI Compressco by 9.1% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 122,770 shares of the oil and gas company’s stock worth $640,000 after buying an additional 10,232 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of CSI Compressco by 99.3% in the first quarter. Renaissance Technologies LLC now owns 76,912 shares of the oil and gas company’s stock worth $754,000 after buying an additional 38,319 shares in the last quarter. Hedge funds and other institutional investors own 28.66% of the company’s stock.

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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