CSI Compressco LP (NASDAQ:CCLP) declared a quarterly dividend on Friday, January 22nd, Analyst Ratings.Net reports. Shareholders of record on Monday, February 1st will be paid a dividend of 0.3775 per share on Monday, February 15th. This represents a $1.51 dividend on an annualized basis and a yield of 21.63%. The ex-dividend date of this dividend is Thursday, January 28th.

Shares of CSI Compressco (NASDAQ:CCLP) opened at 6.98 on Wednesday. The stock’s 50 day moving average is $9.93 and its 200 day moving average is $13.17. The stock has a market cap of $231.64 million and a price-to-earnings ratio of 30.75. CSI Compressco has a 52-week low of $5.26 and a 52-week high of $22.15.

CSI Compressco (NASDAQ:CCLP) last posted its quarterly earnings results on Thursday, November 5th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by $0.06. The firm earned $128.90 million during the quarter, compared to analyst estimates of $119.23 million. On average, equities analysts predict that CSI Compressco will post $0.17 EPS for the current fiscal year.

A number of brokerages have weighed in on CCLP. Zacks Investment Research lowered CSI Compressco from a “buy” rating to a “hold” rating in a research report on Wednesday, November 4th. Stifel Nicolaus lowered CSI Compressco from a “buy” rating to a “hold” rating in a research report on Friday, January 22nd. Capital One Financial Corp. lowered CSI Compressco from an “overweight” rating to an “equal weight” rating in a research report on Friday, January 22nd. Raymond James decreased their target price on CSI Compressco from $16.00 to $10.00 in a research report on Thursday, January 14th. Finally, Janney Montgomery Scott began coverage on CSI Compressco in a research report on Wednesday, January 20th. They issued a “neutral” rating for the company. One analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. CSI Compressco currently has an average rating of “Hold” and an average price target of $16.80.

CSI Compressco LP, formerly Compressco Partners, L.P., is a provider of compression services and equipment for natural gas and oil production, gathering, transportation, processing and storage. The Company fabricates and 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. It provides these compression services and equipment to a base of natural gas and oil exploration and production, midstream and transmission companies. It is a service provider of natural gas compression services, utilizing its fleet of compressor packages that employs a spectrum of low-, medium- and high-horsepower engines. Its applications include gas gathering, gas lift, carbon dioxide injection, wellhead compression, gas storage, refrigeration plant compression, gas processing, pressure maintenance, pipeline transmission, vapor recovery and gas transmission, among others.

12 Month Chart for NASDAQ:CCLP

Receive News & Ratings for CSI Compressco LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CSI Compressco LP and related companies with MarketBeat.com's FREE daily email newsletter.