CSI Compressco (NASDAQ:CCLP) Trading Up 6.3%

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CSI Compressco LP (NASDAQ:CCLP)’s stock price was up 6.3% during mid-day trading on Friday . The stock traded as high as $2.40 and last traded at $2.35, approximately 157,100 shares changed hands during mid-day trading. An increase of 4% from the average daily volume of 151,341 shares. The stock had previously closed at $2.21.

Several research analysts recently issued reports on CCLP shares. Zacks Investment Research cut CSI Compressco from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. ValuEngine raised CSI Compressco from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st.

The company has a market cap of $104.04 million, a P/E ratio of -2.73 and a beta of 1.93. The company has a quick ratio of 0.67, a current ratio of 1.15 and a debt-to-equity ratio of 13.02. The firm has a 50 day moving average of $2.78 and a 200-day moving average of $3.17.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Friday, November 1st were paid a $0.01 dividend. The ex-dividend date was Thursday, October 31st. This represents a $0.04 dividend on an annualized basis and a yield of 1.70%. CSI Compressco’s dividend payout ratio (DPR) is -4.65%.

A number of institutional investors and hedge funds have recently made changes to their positions in CCLP. Commonwealth Equity Services LLC acquired a new stake in CSI Compressco during the 3rd quarter worth about $29,000. Marshall Wace LLP acquired a new stake in CSI Compressco during the 1st quarter worth about $76,000. Lapides Asset Management LLC grew its position in 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 during the period. Hilltop Holdings Inc. grew its position in CSI Compressco by 89.7% during the 2nd quarter. Hilltop Holdings Inc. now owns 208,050 shares of the oil and gas company’s stock worth $736,000 after purchasing an additional 98,350 shares during the period. Finally, Wiley BROS. Aintree Capital LLC grew its position in CSI Compressco by 15.9% during the 2nd quarter. Wiley BROS. Aintree Capital LLC now owns 337,319 shares of the oil and gas company’s stock worth $1,194,000 after purchasing an additional 46,175 shares during the period. 25.81% of the stock is currently owned by institutional investors.

CSI Compressco Company Profile (NASDAQ:CCLP)

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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