Wall Street analysts forecast that CSI Compressco LP (NASDAQ:CCLP) will post earnings of ($0.09) per share for the current quarter, Zacks reports. Two analysts have provided estimates for CSI Compressco’s earnings. The highest EPS estimate is ($0.09) and the lowest is ($0.10). CSI Compressco reported earnings of ($0.29) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 69%. The company is scheduled to issue its next earnings results on Tuesday, February 26th.
On average, analysts expect that CSI Compressco will report full-year earnings of ($0.87) per share for the current fiscal year, with EPS estimates ranging from ($0.90) to ($0.83). For the next financial year, analysts forecast that the business will report earnings of ($0.25) per share, with EPS estimates ranging from ($0.32) to ($0.13). Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow CSI Compressco.
CSI Compressco (NASDAQ:CCLP) last released its quarterly earnings results on Wednesday, November 7th. The oil and gas company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.04). CSI Compressco had a negative return on equity of 54.97% and a negative net margin of 11.45%. The business had revenue of $115.26 million for the quarter, compared to analysts’ expectations of $108.80 million.
A number of brokerages recently commented on CCLP. Zacks Investment Research upgraded CSI Compressco from a “hold” rating to a “buy” rating and set a $4.75 target price for the company in a report on Friday. Janney Montgomery Scott cut CSI Compressco from a “buy” rating to a “neutral” rating in a report on Friday, October 12th. Finally, BidaskClub cut CSI Compressco from a “hold” rating to a “sell” rating in a report on Friday, September 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $6.58.
CSI Compressco stock traded up $0.03 during midday trading on Friday, reaching $4.21. 174,272 shares of the stock traded hands, compared to its average volume of 157,367. CSI Compressco has a 12-month low of $4.09 and a 12-month high of $8.05. The stock has a market capitalization of $187.46 million, a price-to-earnings ratio of -3.60 and a beta of 1.52. The company has a debt-to-equity ratio of 9.11, a current ratio of 1.79 and a quick ratio of 1.03.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 14th. Shareholders of record on Thursday, November 1st were given a $0.75 dividend. The ex-dividend date was Wednesday, October 31st. This represents a $3.00 dividend on an annualized basis and a yield of 71.26%. This is a positive change from CSI Compressco’s previous quarterly dividend of $0.19. CSI Compressco’s dividend payout ratio (DPR) is currently -64.10%.
A number of hedge funds have recently bought and sold shares of the business. Hilltop Holdings Inc. raised its position in CSI Compressco by 23.5% in the 2nd quarter. Hilltop Holdings Inc. now owns 97,150 shares of the oil and gas company’s stock valued at $542,000 after purchasing an additional 18,500 shares in the last quarter. Huber Capital Management LLC acquired a new stake in CSI Compressco in the 3rd quarter valued at about $364,000. WealthTrust Axiom LLC raised its position in CSI Compressco by 41.1% in the 3rd quarter. WealthTrust Axiom LLC now owns 352,500 shares of the oil and gas company’s stock valued at $1,815,000 after purchasing an additional 102,700 shares in the last quarter. FMR LLC raised its position in CSI Compressco by 11.4% in the 3rd quarter. FMR LLC now owns 1,580,054 shares of the oil and gas company’s stock valued at $8,137,000 after purchasing an additional 161,467 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in CSI Compressco by 120.3% in the 2nd quarter. Renaissance Technologies LLC now owns 308,002 shares of the oil and gas company’s stock valued at $1,719,000 after purchasing an additional 168,218 shares in the last quarter. 26.17% of the stock is currently owned by institutional investors.
About CSI Compressco
CSI Compressco LP provides compression services and equipment for natural gas and oil production, gathering, transportation, processing, and storage applications in the United States and internationally. It fabricates and sells standard and custom-designed compressor packages, oilfield fluid pump systems, and compressor package parts and components, as well as provides aftermarket services, such as operations, maintenance, overhaul, and reconfiguration services.
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