Compressco raises Q2 cash distribution to 45.25c from 44.5c per unit Compressco Partners announced that the board of directors of its general partner has declared a cash distribution attributable to the quarter ended June 30 of 45.25c per outstanding unit, or $1.81 per outstanding unit on an annualized basis. This cash distribution will be paid on August 15 to all unitholders of record as of the close of the business on July 21.
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Compressco upgraded to Overweight from Neutral at JPMorgan JPMorgan upgraded Compressco Partners to Overweight citing valuation and the acquisition of CSI. The firm raised its price target for shares to $30 from $27.