CSI Compressco LP Declares Dividend of $0.19 (CCLP)
CSI Compressco LP (NASDAQ:CCLP) announced a dividend on Friday, April 21st. Stockholders of record on Monday, May 1st will be paid a dividend of 0.1875 per share by the oil and gas company on Monday, May 15th. The ex-dividend date of this dividend is Thursday, April 27th.
Shares of CSI Compressco (NASDAQ:CCLP) traded down 3.62% during midday trading on Friday, hitting $9.31. The stock had a trading volume of 488,560 shares. CSI Compressco has a 12-month low of $6.70 and a 12-month high of $13.54. The stock has a 50-day moving average price of $9.50 and a 200-day moving average price of $10.32. The stock’s market cap is $311.29 million.
CSI Compressco (NASDAQ:CCLP) last posted its quarterly earnings results on Tuesday, February 28th. The oil and gas company reported ($0.36) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.12) by $0.24. The firm earned $82.87 million during the quarter, compared to analyst estimates of $68.86 million. CSI Compressco had a negative return on equity of 16.49% and a negative net margin of 84.56%. Equities analysts forecast that CSI Compressco will post ($0.48) earnings per share for the current year.
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Separately, Zacks Investment Research downgraded CSI Compressco from a “hold” rating to a “strong sell” rating in a research note on Monday, January 16th.
About CSI Compressco
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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