CSI Compressco (NASDAQ:CCLP) Stock Price Passes Above Two Hundred Day Moving Average of $3.21

Shares of CSI Compressco LP (NASDAQ:CCLP) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.21 and traded as high as $2.84. CSI Compressco shares last traded at $2.84, with a volume of 960 shares.

Several analysts recently commented on CCLP shares. ValuEngine raised shares of CSI Compressco from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Zacks Investment Research downgraded shares of CSI Compressco from a “hold” rating to a “sell” rating in a report on Wednesday, October 16th.

The firm has a market cap of $133.68 million, a P/E ratio of -3.26 and a beta of 1.92. The company has a debt-to-equity ratio of 11.76, a quick ratio of 0.67 and a current ratio of 1.22. The firm’s fifty day moving average is $2.88 and its 200 day moving average is $3.20.

CSI Compressco (NASDAQ:CCLP) last announced its earnings results on Wednesday, August 7th. The oil and gas company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.03) by $0.01. The business had revenue of $135.86 million during the quarter, compared to the consensus estimate of $134.36 million. CSI Compressco had a negative net margin of 5.49% and a negative return on equity of 39.24%. As a group, equities research analysts forecast that CSI Compressco LP will post -0.34 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Friday, November 1st will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 1.43%. The ex-dividend date is Thursday, October 31st. CSI Compressco’s dividend payout ratio (DPR) is -4.65%.

Institutional investors have recently modified their holdings of the business. Marshall Wace LLP acquired a new stake in CSI Compressco in the 1st quarter worth about $76,000. Lapides Asset Management LLC raised its stake in CSI Compressco by 15.7% in 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. Hilltop Holdings Inc. raised its stake in CSI Compressco by 89.7% in 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 in the last quarter. Wiley BROS. Aintree Capital LLC raised its stake in CSI Compressco by 15.9% in 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 in the last quarter. Finally, B. Riley Financial Inc. acquired a new stake in CSI Compressco in the 2nd quarter worth about $1,343,000. Institutional investors and hedge funds own 25.81% of the company’s stock.

About CSI Compressco (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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