Wall Street analysts forecast that CSI Compressco LP (NASDAQ:CCLP) will post earnings of ($0.10) per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for CSI Compressco’s earnings, with the lowest EPS estimate coming in at ($0.11) and the highest estimate coming in at ($0.09). CSI Compressco posted earnings per share of ($0.40) during the same quarter last year, which indicates a positive year-over-year growth rate of 75%. The business is expected to report its next quarterly earnings report on Monday, May 6th.

On average, analysts expect that CSI Compressco will report full year earnings of ($0.28) per share for the current fiscal year, with EPS estimates ranging from ($0.41) to ($0.13). For the next financial year, analysts anticipate that the firm will post earnings of ($0.10) per share, with EPS estimates ranging from ($0.34) to $0.10. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that that provide coverage for CSI Compressco.

Several equities analysts have weighed in on the company. Zacks Investment Research raised CSI Compressco from a “hold” rating to a “buy” rating and set a $5.25 target price on the stock in a research note on Tuesday, November 20th. ValuEngine lowered CSI Compressco from a “hold” rating to a “sell” rating in a report on Monday, February 4th. Finally, Raymond James lowered CSI Compressco from an “outperform” rating to a “market perform” rating in a report on Thursday, December 13th. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $5.92.

In other news, President Owen Serjeant purchased 22,700 shares of CSI Compressco stock in a transaction dated Thursday, December 27th. The stock was acquired at an average cost of $2.14 per share, for a total transaction of $48,578.00. Following the acquisition, the president now directly owns 165,168 shares in the company, valued at $353,459.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.36% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in CCLP. Virtu Financial LLC acquired a new stake in shares of CSI Compressco during the 4th quarter valued at about $41,000. Geode Capital Management LLC lifted its holdings in CSI Compressco by 42.7% in the 4th quarter. Geode Capital Management LLC now owns 39,094 shares of the oil and gas company’s stock worth $90,000 after purchasing an additional 11,701 shares during the last quarter. Huber Capital Management LLC acquired a new stake in CSI Compressco in the 3rd quarter worth approximately $364,000. Wiley BROS. Aintree Capital LLC acquired a new stake in CSI Compressco in the 4th quarter worth approximately $446,000. Finally, Intrinsic Edge Capital Management LLC acquired a new stake in CSI Compressco in the 4th quarter worth approximately $464,000. Institutional investors and hedge funds own 31.19% of the company’s stock.

Shares of NASDAQ:CCLP traded up $0.06 on Monday, reaching $2.93. 3,337 shares of the company were exchanged, compared to its average volume of 214,915. The company has a quick ratio of 0.92, a current ratio of 1.61 and a debt-to-equity ratio of 9.39. CSI Compressco has a 1-year low of $2.10 and a 1-year high of $7.67. The stock has a market cap of $136.70 million, a PE ratio of -3.40 and a beta of 2.26.

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, 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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