ValuEngine upgraded shares of CSI Compressco LP (NASDAQ:CCLP) from a strong sell rating to a sell rating in a research note published on Thursday.

CCLP has been the subject of several other research reports. Zacks Investment Research cut CSI Compressco from a hold rating to a sell rating in a report on Tuesday, October 10th. Bank of America Corporation decreased their price objective on 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 restated a hold rating and issued a $8.00 price objective on shares of CSI Compressco in a report on Monday, August 21st. Stifel Nicolaus set a $5.00 price objective on CSI Compressco and gave the company a hold rating in a report on Friday, August 25th. Finally, Capital One Financial Corporation restated an equal weight rating on shares of CSI Compressco in a report on Tuesday, August 8th. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. CSI Compressco currently has an average rating of Hold and an average price target of $5.33.

Shares of CSI Compressco (NASDAQ:CCLP) traded down $0.11 during midday trading on Thursday, hitting $5.49. The stock had a trading volume of 149,700 shares, compared to its average volume of 153,769. The company has a debt-to-equity ratio of 4.92, a current ratio of 1.75 and a quick ratio of 1.08. CSI Compressco has a 12 month low of $4.12 and a 12 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. Investors 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 yield of 13.66%. CSI Compressco’s dividend payout ratio (DPR) is currently -60.00%.

A number of large investors have recently modified their holdings of CCLP. Renaissance Technologies LLC lifted its stake in 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 purchasing an additional 38,319 shares during the last quarter. Parkwood LLC lifted its stake in CSI Compressco by 69.8% in the 2nd quarter. Parkwood LLC now owns 111,621 shares of the oil and gas company’s stock valued at $541,000 after purchasing an additional 45,900 shares during the last quarter. WealthTrust Axiom LLC lifted its stake in 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 purchasing an additional 28,516 shares during the last quarter. Airain ltd acquired a new stake in CSI Compressco in the 2nd quarter valued at about $796,000. Finally, FMR LLC lifted its stake in 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 purchasing an additional 647,176 shares during the last quarter. Institutional investors and hedge funds 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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