CSI Compressco LP (CCLP) Expected to Post Earnings of -$0.14 Per Share

Analysts predict that CSI Compressco LP (NASDAQ:CCLP) will announce ($0.14) earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have made estimates for CSI Compressco’s earnings. The lowest EPS estimate is ($0.16) and the highest is ($0.09). CSI Compressco posted earnings per share of ($0.26) in the same quarter last year, which indicates a positive year over year growth rate of 46.2%. The company is expected to announce its next quarterly earnings report on Wednesday, November 14th.

On average, analysts expect that CSI Compressco will report full year earnings of ($0.86) per share for the current financial year, with EPS estimates ranging from ($0.88) to ($0.84). For the next financial year, analysts forecast that the firm will post earnings of ($0.31) per share, with EPS estimates ranging from ($0.39) to ($0.20). Zacks’ earnings per share averages are a mean average based on a survey of research analysts that cover CSI Compressco.

CSI Compressco (NASDAQ:CCLP) last posted its earnings results on Wednesday, August 8th. The oil and gas company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.01). The company had revenue of $99.92 million for the quarter, compared to analyst estimates of $91.13 million. CSI Compressco had a negative return on equity of 51.34% and a negative net margin of 12.89%.



CCLP has been the topic of several analyst reports. Raymond James set a $8.00 target price on CSI Compressco and gave the stock a “buy” rating in a report on Tuesday, May 8th. Stifel Nicolaus reaffirmed a “hold” rating and set a $7.00 target price (down from $8.00) on shares of CSI Compressco in a report on Tuesday, May 8th. BidaskClub lowered CSI Compressco from a “buy” rating to a “hold” rating in a report on Monday, May 14th. ValuEngine raised CSI Compressco from a “sell” rating to a “hold” rating in a report on Friday, June 1st. Finally, Zacks Investment Research raised CSI Compressco from a “sell” rating to a “hold” rating in a report on Monday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $6.50.

Institutional investors and hedge funds have recently modified their holdings of the business. Penn Capital Management Co. Inc. acquired a new stake in CSI Compressco in the first quarter valued at approximately $120,000. Hilltop Holdings Inc. acquired a new stake in CSI Compressco in the first quarter valued at approximately $571,000. Intrinsic Edge Capital Management LLC grew its holdings in CSI Compressco by 16.1% in the first quarter. Intrinsic Edge Capital Management LLC now owns 143,900 shares of the oil and gas company’s stock valued at $1,045,000 after purchasing an additional 20,000 shares during the period. Renaissance Technologies LLC acquired a new stake in CSI Compressco in the fourth quarter valued at approximately $1,150,000. Finally, Deutsche Bank AG grew its holdings in CSI Compressco by 60,459.8% in the fourth quarter. Deutsche Bank AG now owns 244,056 shares of the oil and gas company’s stock valued at $1,334,000 after purchasing an additional 243,653 shares during the period. 26.04% of the stock is currently owned by institutional investors.

CSI Compressco stock traded up $0.07 during midday trading on Tuesday, hitting $5.94. 61,300 shares of the company were exchanged, compared to its average volume of 126,319. The firm has a market cap of $265.30 million, a price-to-earnings ratio of -5.08 and a beta of 1.63. CSI Compressco has a fifty-two week low of $4.35 and a fifty-two week high of $8.05. The company has a quick ratio of 1.50, a current ratio of 2.31 and a debt-to-equity ratio of 8.65.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 14th. Shareholders of record on Wednesday, August 1st will be issued a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 12.63%. The ex-dividend date is Tuesday, July 31st. CSI Compressco’s payout ratio is currently -64.10%.

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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