Wall Street analysts predict that CSI Compressco LP (NASDAQ:CCLP) will post ($0.24) earnings per share for the current quarter, according to Zacks. Four analysts have provided estimates for CSI Compressco’s earnings. The highest EPS estimate is ($0.19) and the lowest is ($0.26). CSI Compressco reported earnings per share of ($0.36) during the same quarter last year, which would suggest a positive year over year growth rate of 33.3%. The company is scheduled to report its next earnings report before the market opens on Tuesday, February 27th.

On average, analysts expect that CSI Compressco will report full year earnings of ($1.08) per share for the current year, with EPS estimates ranging from ($1.10) to ($1.06). For the next fiscal year, analysts expect that the business will report earnings of ($0.58) per share, with EPS estimates ranging from ($0.67) to ($0.45). Zacks’ earnings per share averages are a mean average based on a survey of research firms that cover CSI Compressco.

CSI Compressco (NASDAQ:CCLP) last released its quarterly earnings results on Wednesday, November 8th. The oil and gas company reported ($0.26) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.26). The firm had revenue of $71.60 million for the quarter, compared to the consensus estimate of $76.12 million. CSI Compressco had a negative return on equity of 35.88% and a negative net margin of 14.20%.

A number of research firms have recently issued reports on CCLP. Zacks Investment Research upgraded CSI Compressco from a “sell” rating to a “hold” rating in a research note on Tuesday, January 23rd. ValuEngine downgraded CSI Compressco from a “sell” rating to a “strong sell” rating in a research note on Friday, February 2nd. Stifel Nicolaus raised their price target on CSI Compressco from $5.00 to $7.00 and gave the stock a “hold” rating in a research note on Wednesday, January 31st. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $6.00 price target (up from $5.00) on shares of CSI Compressco in a research note on Thursday, November 9th. Three analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $6.00.

CSI Compressco (NASDAQ CCLP) traded down $0.07 during mid-day trading on Friday, hitting $6.17. The stock had a trading volume of 16,010 shares, compared to its average volume of 144,912. The stock has a market cap of $227.75, a P/E ratio of -4.94 and a beta of 2.04. CSI Compressco has a 52-week low of $4.12 and a 52-week high of $12.45. The company has a current ratio of 1.75, a quick ratio of 0.98 and a debt-to-equity ratio of 4.92.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 14th. Investors of record on Thursday, February 1st will be given a dividend of $0.1875 per share. The ex-dividend date of this dividend is Wednesday, January 31st. This represents a $0.75 annualized dividend and a yield of 12.16%. CSI Compressco’s dividend payout ratio (DPR) is presently -60.00%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CCLP. FMR LLC lifted its position in CSI Compressco by 91.7% during the second quarter. FMR LLC now owns 1,353,231 shares of the oil and gas company’s stock valued at $6,563,000 after purchasing an additional 647,176 shares in the last quarter. Virtu KCG Holdings LLC purchased a new position in CSI Compressco during the second quarter valued at $146,000. WealthTrust Axiom LLC lifted its position in CSI Compressco by 10.1% during the fourth quarter. WealthTrust Axiom LLC now owns 256,668 shares of the oil and gas company’s stock valued at $1,403,000 after purchasing an additional 23,521 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its position in CSI Compressco by 9.1% during the third 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 purchasing an additional 10,232 shares in the last quarter. Institutional investors own 27.34% of the company’s stock.

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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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