An issue of CSI Compressco LP (NASDAQ:CCLP) bonds fell 2.8% as a percentage of their face value during trading on Wednesday. The high-yield issue of debt has a 7.25% coupon and is set to mature on August 15, 2022. The debt is now trading at $90.21. Price changes in a company’s bonds in credit markets sometimes predict parallel changes in its share price.

CCLP has been the subject of a number of analyst reports. Stifel Nicolaus lowered their target price on shares of CSI Compressco from $9.00 to $6.00 and set a “hold” rating for the company in a report on Wednesday, May 10th. Zacks Investment Research lowered shares of CSI Compressco from a “hold” rating to a “sell” rating in a report on Thursday, May 25th. Bank of America Corporation decreased their price target on shares of CSI Compressco from $6.50 to $5.00 and set an “underperform” rating for the company in a report on Wednesday, August 23rd. Royal Bank Of Canada reissued a “hold” rating and issued a $8.00 price target on shares of CSI Compressco in a report on Monday, August 21st. Finally, Capital One Financial Corporation reissued an “equal weight” rating on shares of CSI Compressco in a report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $8.20.

CSI Compressco LP (CCLP) opened at 4.69 on Friday. The firm’s market cap is $166.47 million. CSI Compressco LP has a one year low of $4.12 and a one year high of $13.54. The stock has a 50 day moving average of $4.80 and a 200 day moving average of $6.94.

CSI Compressco (NASDAQ:CCLP) last posted its quarterly earnings data on Tuesday, August 8th. The oil and gas company reported ($0.21) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.25) by $0.04. CSI Compressco had a negative net margin of 17.01% and a negative return on equity of 36.43%. The company had revenue of $75.32 million during the quarter, compared to analysts’ expectations of $66.64 million. Equities research analysts predict that CSI Compressco LP will post ($1.10) EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Tuesday, August 1st were given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 15.99%. The ex-dividend date was Friday, July 28th. CSI Compressco’s dividend payout ratio (DPR) is presently -50.00%.

Several large investors have recently bought and sold shares of CCLP. OppenheimerFunds Inc. boosted its stake in CSI Compressco by 1.8% in the first quarter. OppenheimerFunds Inc. now owns 3,050,772 shares of the oil and gas company’s stock valued at $29,898,000 after buying an additional 54,809 shares during the period. FMR LLC boosted its stake in CSI Compressco by 91.7% in the second quarter. FMR LLC now owns 1,353,231 shares of the oil and gas company’s stock valued at $6,563,000 after buying an additional 647,176 shares during the period. WealthTrust Axiom LLC boosted its stake in CSI Compressco by 13.8% in the second quarter. WealthTrust Axiom LLC now owns 235,575 shares of the oil and gas company’s stock valued at $1,142,000 after buying an additional 28,516 shares during the period. Airain ltd purchased a new stake in CSI Compressco during the second quarter valued at $796,000. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in CSI Compressco by 9.3% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 118,916 shares of the oil and gas company’s stock valued at $1,165,000 after buying an additional 10,083 shares during the period. Institutional investors own 28.69% of the company’s stock.

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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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