Wall Street analysts expect CSI Compressco LP (NASDAQ:CCLP) to announce earnings per share (EPS) of ($0.22) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for CSI Compressco’s earnings. The highest EPS estimate is ($0.18) and the lowest is ($0.26). CSI Compressco reported earnings per share of ($0.36) during the same quarter last year, which indicates a positive year-over-year growth rate of 38.9%. The business is scheduled to issue its next quarterly earnings results on Tuesday, February 27th.

On average, analysts expect that CSI Compressco will report full-year earnings of ($1.10) per share for the current fiscal year, with EPS estimates ranging from ($1.17) to ($1.02). For the next fiscal year, analysts anticipate that the company will post earnings of ($0.51) per share, with EPS estimates ranging from ($0.58) to ($0.45). Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for CSI Compressco.

Several research firms have recently weighed in on CCLP. ValuEngine raised shares of CSI Compressco from a “strong sell” rating to a “sell” rating in a research report on Thursday, November 9th. Capital One Financial Corporation reissued an “equal weight” rating on shares of CSI Compressco in a research report on Tuesday, August 8th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $6.00 target price (up previously from $5.00) on shares of CSI Compressco in a research report on Thursday, November 9th. Bank of America Corporation dropped their target price on shares of CSI Compressco from $6.50 to $5.00 and set an “underperform” rating for the company in a research report on Wednesday, August 23rd. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $5.00 target price on shares of CSI Compressco in a research report on Friday, November 3rd. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $5.33.

CSI Compressco (CCLP) traded down $0.23 on Tuesday, hitting $5.26. 129,600 shares of the stock traded hands, compared to its average volume of 134,470. CSI Compressco has a one year low of $4.12 and a one year high of $13.54. The company has a quick ratio of 0.98, a current ratio of 1.75 and a debt-to-equity ratio of 4.92.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 14th. Stockholders of record on Wednesday, November 1st will be given a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 14.26%. The ex-dividend date is Tuesday, October 31st. CSI Compressco’s payout ratio is currently -60.00%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC boosted its holdings in shares of CSI Compressco by 91.7% in the 2nd quarter. FMR LLC now owns 1,353,231 shares of the oil and gas company’s stock valued at $6,563,000 after buying an additional 647,176 shares during the period. WealthTrust Axiom LLC boosted its holdings in shares of CSI Compressco by 13.8% in the 2nd quarter. WealthTrust Axiom LLC now owns 235,575 shares of the oil and gas company’s stock valued at $1,142,000 after buying an additional 28,516 shares during the period. Airain ltd acquired a new position in shares of CSI Compressco in the 2nd quarter valued at about $796,000. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of CSI Compressco by 9.1% in the 3rd 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 buying an additional 10,232 shares during the period. Finally, Parkwood LLC boosted its holdings in shares of CSI Compressco by 69.8% in the 2nd quarter. Parkwood LLC now owns 111,621 shares of the oil and gas company’s stock valued at $541,000 after buying an additional 45,900 shares during the period. 28.04% of the stock is owned by institutional investors and hedge funds.

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About CSI Compressco

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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