Headlines about CSI Compressco (NASDAQ:CCLP) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CSI Compressco earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media coverage about the oil and gas company an impact score of 45.8125429549182 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
A number of analysts have recently weighed in on the company. Bank of America lowered their target price on CSI Compressco from $6.50 to $5.00 and set an “underperform” rating for the company in a research note on Wednesday, August 23rd. Royal Bank Of Canada reiterated a “hold” rating and issued a $8.00 price objective on shares of CSI Compressco in a research report on Monday, August 21st. Stifel Nicolaus set a $5.00 price objective on CSI Compressco and gave the stock a “hold” rating in a research report on Friday, August 25th. ValuEngine upgraded CSI Compressco from a “strong sell” rating to a “sell” rating in a research report on Monday, October 2nd. Finally, Zacks Investment Research lowered CSI Compressco from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. CSI Compressco has a consensus rating of “Hold” and a consensus target price of $5.33.
CSI Compressco (NASDAQ:CCLP) traded up $0.10 during trading on Friday, hitting $5.23. The stock had a trading volume of 99,241 shares, compared to its average volume of 105,507. CSI Compressco has a 52 week low of $4.12 and a 52 week high of $13.54. The company has a debt-to-equity ratio of 4.92, a current ratio of 1.75 and a quick ratio of 0.98.
The business also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Wednesday, November 1st were given a dividend of $0.1875 per share. The ex-dividend date was Tuesday, October 31st. This represents a $0.75 annualized dividend and a dividend yield of 14.35%. CSI Compressco’s payout ratio is currently -60.00%.
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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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