CSI Compressco LP (NASDAQ:CCLP) Plans $0.01 Quarterly Dividend

CSI Compressco LP (NASDAQ:CCLPGet Rating) declared a quarterly dividend on Wednesday, April 20th, Zacks reports. Investors of record on Saturday, April 30th will be given a dividend of 0.01 per share by the oil and gas company on Friday, May 13th. This represents a $0.04 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend is Thursday, April 28th.

CSI Compressco has a dividend payout ratio of -7.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

CCLP opened at $1.43 on Thursday. The business has a fifty day moving average of $1.43 and a 200 day moving average of $1.43. CSI Compressco has a 52-week low of $1.11 and a 52-week high of $2.13. The company has a quick ratio of 0.95, a current ratio of 1.41 and a debt-to-equity ratio of 544.56. The stock has a market cap of $201.58 million, a P/E ratio of -1.40 and a beta of 1.23.

CSI Compressco (NASDAQ:CCLPGet Rating) last posted its quarterly earnings data on Thursday, March 10th. The oil and gas company reported ($0.10) earnings per share (EPS) for the quarter. The company had revenue of $80.19 million during the quarter.

A hedge fund recently raised its stake in CSI Compressco stock. Morgan Stanley raised its position in shares of CSI Compressco LP (NASDAQ:CCLPGet Rating) by 8.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 152,699 shares of the oil and gas company’s stock after purchasing an additional 12,541 shares during the period. Morgan Stanley owned about 0.32% of CSI Compressco worth $280,000 as of its most recent filing with the Securities & Exchange Commission. 17.64% of the stock is currently owned by institutional investors.

About CSI Compressco (Get Rating)

CSI Compressco LP provides contract services for natural gas compression and treating in the United States, Latin America, Canada, Egypt, and internationally. The company offers natural gas compression services through low-, medium-, and high-horsepower compressor packages for oil and natural gas production, gathering, artificial lift, transmission, processing, and storage.

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Dividend History for CSI Compressco (NASDAQ:CCLP)

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