CSI Compressco (NASDAQ:CCLP) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of CSI Compressco (NASDAQ:CCLP) in a report released on Sunday morning. The brokerage issued a buy rating on the oil and gas company’s stock.

CSI Compressco Stock Up 3.9 %

Shares of CSI Compressco stock opened at $2.42 on Friday. The firm’s 50 day moving average price is $2.19 and its 200-day moving average price is $1.80. CSI Compressco has a 52-week low of $1.04 and a 52-week high of $2.44. The company has a market cap of $344.85 million, a P/E ratio of -34.57 and a beta of 0.75.

CSI Compressco (NASDAQ:CCLP) last released its earnings results on Friday, March 1st. The oil and gas company reported ($0.02) EPS for the quarter. The company had revenue of $98.27 million for the quarter.

CSI Compressco Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Wednesday, January 31st were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend was Tuesday, January 30th. CSI Compressco’s dividend payout ratio (DPR) is presently -57.14%.

Institutional Trading of CSI Compressco

Institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC acquired a new stake in CSI Compressco in the 4th quarter worth approximately $26,000. Crystalline Management Inc. acquired a new stake in CSI Compressco during the 4th quarter valued at approximately $29,000. Virtu Financial LLC acquired a new stake in CSI Compressco during the 2nd quarter valued at approximately $39,000. Raymond James Financial Services Advisors Inc. acquired a new stake in CSI Compressco during the 3rd quarter valued at approximately $49,000. Finally, BNP Paribas Arbitrage SNC lifted its stake in CSI Compressco by 53.7% during the 2nd quarter. BNP Paribas Arbitrage SNC now owns 70,657 shares of the oil and gas company’s stock valued at $89,000 after acquiring an additional 24,693 shares during the period. 68.85% of the stock is currently owned by institutional investors and hedge funds.

About CSI Compressco

CSI Compressco LP provides contract services for natural gas compression and treating in the United States, Latin America, Canada, Egypt, and internationally. The company offers natural gas compression services through low-, medium-, and high-horsepower compressor packages for oil and natural gas production, gathering, artificial lift, transmission, processing, and storage.