Wall Street analysts expect CSI Compressco LP (NASDAQ:CCLP) to announce $76.12 million in sales for the current quarter, Zacks reports. Four analysts have provided estimates for CSI Compressco’s earnings. The lowest sales estimate is $73.02 million and the highest is $78.69 million. CSI Compressco reported sales of $70.71 million in the same quarter last year, which indicates a positive year-over-year growth rate of 7.7%. The business is expected to announce its next earnings report on Friday, November 3rd.

On average, analysts expect that CSI Compressco will report full year sales of $76.12 million for the current financial year, with estimates ranging from $289.84 million to $309.00 million. For the next fiscal year, analysts expect that the company will report sales of $347.73 million per share, with estimates ranging from $316.48 million to $394.00 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for CSI Compressco.

CSI Compressco (NASDAQ:CCLP) last issued its quarterly earnings results on Tuesday, August 8th. The oil and gas company reported ($0.21) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.25) by $0.04. CSI Compressco had a negative net margin of 17.01% and a negative return on equity of 36.43%. The company had revenue of $75.32 million during the quarter, compared to analyst estimates of $66.64 million.

Several research analysts have recently weighed in on the stock. Stifel Nicolaus decreased their price objective on shares of CSI Compressco from $9.00 to $6.00 and set a “hold” rating for the company in a report on Wednesday, May 10th. Zacks Investment Research cut shares of CSI Compressco from a “hold” rating to a “sell” rating in a report on Thursday, May 25th. Capital One Financial Corporation reissued an “equal weight” rating on shares of CSI Compressco in a report on Tuesday, August 8th. Royal Bank Of Canada reissued a “hold” rating and set a $8.00 price objective on shares of CSI Compressco in a report on Monday, August 21st. Finally, Bank of America Corporation decreased their price objective on shares of CSI Compressco from $6.50 to $5.00 and set an “underperform” rating for the company in a report on Wednesday, August 23rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $8.20.

Shares of CSI Compressco (NASDAQ CCLP) traded down 1.92% during midday trading on Friday, hitting $4.60. 6,690 shares of the stock traded hands. The company’s 50-day moving average is $4.80 and its 200 day moving average is $6.94. The firm’s market capitalization is $163.28 million. CSI Compressco has a 52 week low of $4.12 and a 52 week high of $13.54.

The firm also recently announced a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Tuesday, August 1st were issued a dividend of $0.1875 per share. The ex-dividend date was Friday, July 28th. This represents a $0.75 dividend on an annualized basis and a yield of 15.99%. CSI Compressco’s dividend payout ratio is currently -50.00%.

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A number of hedge funds have recently made changes to their positions in the stock. Citadel Advisors LLC acquired a new stake in shares of CSI Compressco during the first quarter worth approximately $136,000. Virtu KCG Holdings LLC acquired a new stake in shares of CSI Compressco during the second quarter worth approximately $146,000. Aegis Financial Corp boosted its stake in shares of CSI Compressco by 22.0% in the second quarter. Aegis Financial Corp now owns 61,000 shares of the oil and gas company’s stock worth $296,000 after buying an additional 11,000 shares in the last quarter. Robotti Robert boosted its stake in shares of CSI Compressco by 38.6% in the first quarter. Robotti Robert now owns 32,320 shares of the oil and gas company’s stock worth $317,000 after buying an additional 9,000 shares in the last quarter. Finally, Texas Yale Capital Corp. boosted its stake in shares of CSI Compressco by 75.0% in the first quarter. Texas Yale Capital Corp. now owns 35,000 shares of the oil and gas company’s stock worth $343,000 after buying an additional 15,000 shares in the last quarter. 28.69% of the stock is owned by institutional investors and hedge funds.

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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