Equities analysts forecast that CSI Compressco LP (NASDAQ:CCLP) will post earnings of ($0.03) per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for CSI Compressco’s earnings. The highest EPS estimate is $0.03 and the lowest is ($0.07). CSI Compressco reported earnings of ($0.23) per share during the same quarter last year, which would suggest a positive year over year growth rate of 87%. The firm is expected to issue its next earnings report on Wednesday, August 14th.
On average, analysts expect that CSI Compressco will report full-year earnings of ($0.27) per share for the current financial year, with EPS estimates ranging from ($0.40) to ($0.10). For the next fiscal year, analysts forecast that the business will report earnings of $0.17 per share, with EPS estimates ranging from ($0.04) to $0.65. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for CSI Compressco.
CSI Compressco (NASDAQ:CCLP) last issued its quarterly earnings results on Wednesday, May 8th. The oil and gas company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.14). The company had revenue of $103.44 million during the quarter, compared to analyst estimates of $116.35 million. CSI Compressco had a negative return on equity of 49.28% and a negative net margin of 7.38%.
Several research firms recently commented on CCLP. Zacks Investment Research lowered shares of CSI Compressco from a “buy” rating to a “hold” rating in a research note on Monday, May 13th. ValuEngine lowered shares of CSI Compressco from a “hold” rating to a “sell” rating in a research note on Wednesday, May 1st. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The stock has an average rating of “Hold” and an average price target of $3.50.
Hedge funds have recently added to or reduced their stakes in the stock. KG&L Capital Management LLC acquired a new stake in CSI Compressco during the fourth quarter valued at approximately $35,000. Marshall Wace LLP acquired a new stake in CSI Compressco during the first quarter valued at approximately $76,000. Geode Capital Management LLC lifted its stake in CSI Compressco by 42.7% during the fourth quarter. Geode Capital Management LLC now owns 39,094 shares of the oil and gas company’s stock valued at $90,000 after purchasing an additional 11,701 shares during the last quarter. Citigroup Inc. lifted its stake in CSI Compressco by 5,772.6% during the first quarter. Citigroup Inc. now owns 58,726 shares of the oil and gas company’s stock valued at $167,000 after purchasing an additional 57,726 shares during the last quarter. Finally, Hilltop Holdings Inc. lifted its stake in CSI Compressco by 69.7% during the first quarter. Hilltop Holdings Inc. now owns 109,700 shares of the oil and gas company’s stock valued at $312,000 after purchasing an additional 45,050 shares during the last quarter. 28.58% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ:CCLP opened at $3.28 on Monday. CSI Compressco has a twelve month low of $2.10 and a twelve month high of $6.29. The company has a debt-to-equity ratio of 11.06, a current ratio of 1.24 and a quick ratio of 0.65.
CSI Compressco Company Profile
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, and compressor package parts and components, as well as provides aftermarket services, such as operations, maintenance, overhaul, and reconfiguration.
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