CSI Compressco LP (CCLP) Expected to Announce Earnings of -$0.24 Per Share

Analysts expect CSI Compressco LP (NASDAQ:CCLP) to report earnings per share of ($0.24) for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for CSI Compressco’s earnings. The highest EPS estimate is ($0.18) and the lowest is ($0.26). CSI Compressco reported earnings of ($0.36) per share in the same quarter last year, which would indicate a positive year over year growth rate of 33.3%. The business is expected to announce its next earnings results before the market opens on Tuesday, February 27th.

According to Zacks, analysts expect that CSI Compressco will report full year earnings of ($1.06) per share for the current financial year, with EPS estimates ranging from ($1.10) to ($1.02). For the next financial year, analysts forecast that the firm will report earnings of ($0.56) per share, with EPS estimates ranging from ($0.67) to ($0.45). Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for CSI Compressco.

CSI Compressco (NASDAQ:CCLP) last issued its quarterly earnings data on Wednesday, November 8th. The oil and gas company reported ($0.26) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.26). CSI Compressco had a negative return on equity of 35.88% and a negative net margin of 14.20%.

A number of analysts recently issued reports on the company. Zacks Investment Research downgraded CSI Compressco from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. ValuEngine raised CSI Compressco from a “strong sell” rating to a “sell” rating in a research report on Thursday, November 9th. Royal Bank of Canada reissued a “sector perform” rating and set a $6.00 price objective (up from $5.00) on shares of CSI Compressco in a research report on Thursday, November 9th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $5.00 price objective on shares of CSI Compressco in a research report on Friday, November 3rd. Three analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. CSI Compressco presently has an average rating of “Hold” and an average price target of $5.33.

Shares of CSI Compressco (NASDAQ:CCLP) traded up $0.49 during trading hours on Tuesday, hitting $7.29. The company had a trading volume of 130,000 shares, compared to its average volume of 176,657. The company has a quick ratio of 0.98, a current ratio of 1.75 and a debt-to-equity ratio of 4.92. The firm has a market cap of $260.70, a P/E ratio of -6.02 and a beta of 2.05. CSI Compressco has a 1 year low of $4.12 and a 1 year high of $13.54.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC grew its position in CSI Compressco by 91.7% in the 2nd quarter. FMR LLC now owns 1,353,231 shares of the oil and gas company’s stock valued at $6,563,000 after acquiring an additional 647,176 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in CSI Compressco by 9.1% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 122,770 shares of the oil and gas company’s stock valued at $640,000 after acquiring an additional 10,232 shares in the last quarter. Finally, Virtu KCG Holdings LLC acquired a new position in CSI Compressco in the 2nd quarter valued at about $146,000. 27.38% of the stock is owned by institutional investors.

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CSI Compressco Company Profile

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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