CSI Compressco LP (NASDAQ:CCLP) shares saw strong trading volume on Thursday . 1,352,443 shares were traded during trading, an increase of 724% from the previous session’s volume of 164,129 shares.The stock last traded at $7.16 and had previously closed at $6.28.
Several analysts recently commented on the company. ValuEngine raised CSI Compressco from a “strong sell” rating to a “sell” rating in a report on Friday. Zacks Investment Research lowered CSI Compressco from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Stifel Nicolaus raised their target price on CSI Compressco from $5.00 to $7.00 and gave the stock a “hold” rating in a report on Wednesday, January 31st. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $6.00 target price (up from $5.00) on shares of CSI Compressco in a report on Thursday, November 9th. Three investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. CSI Compressco has a consensus rating of “Hold” and a consensus price target of $6.00.
The company has a market cap of $301.40, a price-to-earnings ratio of -6.38 and a beta of 2.04. 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 Wednesday, February 14th. Investors of record on Thursday, February 1st were issued a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 9.72%. The ex-dividend date of this dividend was Wednesday, January 31st. CSI Compressco’s dividend payout ratio (DPR) is -61.98%.
A number of institutional investors have recently bought and sold shares of CCLP. FMR LLC grew its holdings in CSI Compressco by 91.7% during the second quarter. FMR LLC now owns 1,353,231 shares of the oil and gas company’s stock worth $6,563,000 after acquiring an additional 647,176 shares during the period. OppenheimerFunds Inc. grew its holdings in CSI Compressco by 9.8% during the fourth quarter. OppenheimerFunds Inc. now owns 3,627,135 shares of the oil and gas company’s stock worth $19,840,000 after acquiring an additional 324,027 shares during the period. Deutsche Bank AG grew its holdings in CSI Compressco by 60,459.8% during the fourth quarter. Deutsche Bank AG now owns 244,056 shares of the oil and gas company’s stock worth $1,334,000 after acquiring an additional 243,653 shares during the period. Renaissance Technologies LLC acquired a new stake in CSI Compressco during the fourth quarter worth about $1,150,000. Finally, Goldman Sachs Group Inc. grew its holdings in CSI Compressco by 4.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,950,641 shares of the oil and gas company’s stock valued at $16,140,000 after purchasing an additional 131,654 shares during the period. 29.55% of the stock is currently owned by hedge funds and other institutional investors.
ILLEGAL ACTIVITY NOTICE: This article was reported by Transcript Daily and is the sole property of of Transcript Daily. If you are accessing this article on another publication, it was illegally copied and reposted in violation of United States & international copyright & trademark laws. The original version of this article can be read at https://transcriptdaily.com/2018/02/24/csi-compressco-cclp-sees-strong-trading-volume.html.
CSI Compressco Company Profile
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.
Receive News & Ratings for CSI Compressco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CSI Compressco and related companies with MarketBeat.com's FREE daily email newsletter.