WealthTrust Axiom LLC lessened its stake in shares of CSI Compressco LP (NASDAQ:CCLP) by 1.2% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 439,250 shares of the oil and gas company’s stock after selling 5,150 shares during the period. WealthTrust Axiom LLC’s holdings in CSI Compressco were worth $1,247,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. KG&L Capital Management LLC bought a new stake in CSI Compressco during the fourth quarter valued at about $35,000. Virtu Financial LLC bought a new stake in CSI Compressco during the fourth quarter valued at about $41,000. Geode Capital Management LLC grew its holdings in CSI Compressco by 42.7% during the fourth quarter. Geode Capital Management LLC now owns 39,094 shares of the oil and gas company’s stock valued at $90,000 after purchasing an additional 11,701 shares during the period. Wiley BROS. Aintree Capital LLC bought a new stake in CSI Compressco during the fourth quarter valued at about $446,000. Finally, Intrinsic Edge Capital Management LLC bought a new stake in CSI Compressco during the fourth quarter valued at about $464,000. 29.79% of the stock is owned by institutional investors and hedge funds.
NASDAQ CCLP opened at $3.33 on Friday. The stock has a market capitalization of $156.41 million, a PE ratio of -3.87 and a beta of 2.26. The company has a debt-to-equity ratio of 9.39, a current ratio of 1.61 and a quick ratio of 0.92. CSI Compressco LP has a twelve month low of $2.10 and a twelve month high of $6.56.
CSI Compressco (NASDAQ:CCLP) last released its quarterly earnings data on Wednesday, May 8th. The oil and gas company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.14). The business had revenue of $103.44 million during the quarter, compared to the consensus estimate of $116.35 million. CSI Compressco had a negative return on equity of 47.17% and a negative net margin of 7.38%. Equities research analysts predict that CSI Compressco LP will post -0.2 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be given a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.20%. CSI Compressco’s dividend payout ratio is currently -4.65%.
Several analysts have issued reports on the company. ValuEngine raised CSI Compressco from a “sell” rating to a “hold” rating in a report on Monday, April 1st. Zacks Investment Research raised CSI Compressco from a “hold” rating to a “buy” rating and set a $3.50 price target for the company in a report on Wednesday, May 1st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. CSI Compressco presently has a consensus rating of “Hold” and a consensus price target of $3.50.
CSI Compressco Profile
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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