CSI Compressco LP - common units (CCLP) Company Bio
CSI Compressco LP provides compression services and equipment for natural gas and oil production, gathering, transportation, processing, and storage applications in the United States, Latin America, Canada, and internationally. The company was founded in 2008 and is based in Midland, Texas.
CCLP Price Forecast Based on DCF Valuation
DCF Fair Value Target:
Below please find a table outlining a discounted cash flow forecast for CCLP, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that CSI Compressco LP ranked in the 55th percentile in terms of potential gain offered. More precisely, our analysis suggests the stock is undervalued by approximately 49% on a DCF basis. The most interesting components of our discounted cash flow analysis for CSI Compressco LP ended up being:
7% of the company's capital comes from equity, which is greater than just 2.59% of stocks in our cash flow based forecasting set.
The weighted average cost of capital for the company is 17. This value is greater than 94.61% stocks in the Energy sector that generate free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
MTRX, TNK, PHX, DCP, and TCP can be thought of as valuation peers to CCLP, in the sense that they are in the Energy sector and have a similar price forecast based on DCF valuation.
CSI Compressco (CCLP) declares $0.01/share quarterly dividend, in line with previous.Forward yield 4.71%Payable Aug. 14; for shareholders of record Aug. 1; ex-div July 30.See CCLP Dividend Scorecard, Yield Chart, & Dividend Growth....
CSI Compressco LP ("CSI Compressco") (NASDAQ: CCLP) announced today that the board of directors of its general partner has declared a cash distribution attributable to the quarter ended June 30, 2020 of $0.01 per outstanding common unit, or $0.04 per outstanding common unit on an annualized basis. This cash distribution will be paid on August 14, 2020 to all common unitholders of record as of the close of business on August 1, 2020.
Moody's Investors Service (Moody's) upgraded CSI Compressco LP's (Compressco) Probability of Default Rating (PDR) to Caa1-PD from Ca-PD. At the same time, Moody's affirmed Compressco's Caa1 Corporate Family Rating (CFR), its B3 senior secured first lien notes rating, and its Caa3 senior unsecured notes rating.
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CSI Compressco LP ("CSI Compressco" or the "Partnership") (NASDAQ: CCLP) today announced the results of its offer to exchange for its outstanding principal amount of 7.25% Senior Unsecured Notes due 2022 for newly issued 7.50% Senior Secured First Lien Notes due 2025 and 10.0%/10.75% Senior Secured Second Lien Notes due 2026, upon the terms and conditions set forth in the Confidential Offering Memorandum and Consent Solicitation Statement dated April 17, 2020, as amended and supplemented as of the date hereof. The exchange offer expired on June 10, 2020.