CSI Compressco (CCLP) Receiving Somewhat Positive Press Coverage, Accern Reports

Headlines about CSI Compressco (NASDAQ:CCLP) have trended somewhat positive recently, Accern Sentiment reports. The research group scores the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. CSI Compressco earned a daily sentiment score of 0.07 on Accern’s scale. Accern also assigned press coverage about the oil and gas company an impact score of 45.4822701819825 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

A number of analysts have recently weighed in on CCLP shares. Zacks Investment Research upgraded shares of CSI Compressco from a “sell” rating to a “hold” rating in a report on Friday, March 2nd. Stifel Nicolaus set a $8.00 target price on shares of CSI Compressco and gave the stock a “hold” rating in a report on Wednesday, February 28th. BidaskClub lowered shares of CSI Compressco from a “buy” rating to a “hold” rating in a report on Tuesday, February 27th. Finally, ValuEngine lowered shares of CSI Compressco from a “hold” rating to a “sell” rating in a report on Wednesday, March 7th. Two analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. CSI Compressco currently has a consensus rating of “Hold” and a consensus price target of $6.33.

CSI Compressco (NASDAQ:CCLP) traded up $0.04 during mid-day trading on Wednesday, reaching $7.48. 2,097 shares of the company were exchanged, compared to its average volume of 166,275. CSI Compressco has a 12 month low of $4.12 and a 12 month high of $10.16. The company has a market capitalization of $270.11, a P/E ratio of -6.55 and a beta of 1.74. The company has a current ratio of 1.60, a quick ratio of 0.94 and a debt-to-equity ratio of 5.39.

CSI Compressco (NASDAQ:CCLP) last released its quarterly earnings results on Tuesday, February 27th. The oil and gas company reported ($0.29) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.24) by ($0.05). CSI Compressco had a negative return on equity of 38.50% and a negative net margin of 13.69%. The company had revenue of $83.10 million during the quarter, compared to the consensus estimate of $76.15 million. equities research analysts anticipate that CSI Compressco will post -0.56 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Thursday, February 1st were paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 10.03%. The ex-dividend date of this dividend was Wednesday, January 31st. CSI Compressco’s payout ratio is currently -65.79%.

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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.

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