Compressco Partners (NASDAQ:GSJK) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued to investors on Wednesday, Stock Ratings Network reports. They currently have a $21.40 target price on the stock. Zacks‘ price target points to a potential downside of 6.35% from the company’s current price.
Separately, analysts at RBC Capital cut their price target on shares of Compressco Partners from $21.00 to $19.00 in a research note to investors on Thursday, August 8th. They now have a “sector perform” rating on the stock.
Compressco Partners (NASDAQ:GSJK) traded up 0.79% during mid-day trading on Wednesday, hitting $22.85. 5,977 shares of the company’s stock traded hands. Compressco Partners has a 52-week low of $15.07 and a 52-week high of $25.72. The stock has a 50-day moving average of $19.76 and a 200-day moving average of $20.37. The company has a market cap of $355.4 million and a P/E ratio of 21.19.
The company also recently declared a quarterly dividend, which is scheduled for Friday, November 15th. Stockholders of record on Friday, November 1st will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 7.53%. The ex-dividend date of this dividend is Wednesday, October 30th. This is a boost from Compressco Partners’s previous quarterly dividend of $0.43.
Compressco Partners, L.P. is a provider of wellhead compression-based production enhancement services (NASDAQ:GSJK).
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