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

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

CSI Compressco Stock Performance

NASDAQ:CCLP opened at $1.41 on Monday. The stock’s fifty day moving average price is $1.36 and its two-hundred day moving average price is $1.30. CSI Compressco has a 52-week low of $1.04 and a 52-week high of $1.60. The company has a market cap of $199.14 million, a price-to-earnings ratio of -8.81 and a beta of 0.96.

CSI Compressco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 14th. Shareholders of record on Tuesday, January 31st were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 2.84%. The ex-dividend date was Monday, January 30th. CSI Compressco’s dividend payout ratio is -25.00%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Bank of America Corp DE lifted its holdings in CSI Compressco by 1.2% during the 4th quarter. Bank of America Corp DE now owns 834,114 shares of the oil and gas company’s stock worth $1,109,000 after buying an additional 9,831 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of CSI Compressco in the 4th quarter valued at $26,000. Virtu Financial LLC acquired a new position in shares of CSI Compressco in the 2nd quarter valued at $39,000. UBS Group AG lifted its stake in shares of CSI Compressco by 1,088.8% in the 4th quarter. UBS Group AG now owns 75,739 shares of the oil and gas company’s stock valued at $101,000 after purchasing an additional 69,368 shares during the period. Finally, UMB Bank n.a. acquired a new position in shares of CSI Compressco in the 3rd quarter valued at $87,000. Institutional investors and hedge funds own 16.81% of the company’s stock.

About CSI Compressco

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CSI Compressco LP engages in the provision of compression services and equipment for natural gas and oil production, gathering, transportation, processing, and storage. It operates through the following geographical segments: United States, Latin America, Canada, and Other. The firm offers compression services, digitally enhanced compression, and parts and services.