CSI Compressco LP (CCLP) Set to Announce Earnings on Wednesday
CSI Compressco LP (NASDAQ:CCLP) is scheduled to be releasing its earnings data before the market opens on Wednesday, November 8th. Analysts expect CSI Compressco to post earnings of ($0.26) per share for the quarter.
CSI Compressco (NASDAQ:CCLP) last announced its earnings results on Tuesday, August 8th. The oil and gas company reported ($0.21) EPS for the quarter, beating the consensus estimate of ($0.25) by $0.04. The business had revenue of $75.32 million for the quarter, compared to the consensus estimate of $66.64 million. CSI Compressco had a negative return on equity of 36.43% and a negative net margin of 17.01%. On average, analysts expect CSI Compressco to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.
Shares of CSI Compressco LP (NASDAQ:CCLP) opened at $4.72 on Monday. The company has a debt-to-equity ratio of 4.32, a quick ratio of 1.08 and a current ratio of 1.86. CSI Compressco LP has a twelve month low of $4.12 and a twelve month high of $13.54.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 14th. Investors of record on Wednesday, November 1st will be issued a dividend of $0.1875 per share. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $0.75 annualized dividend and a dividend yield of 15.89%. CSI Compressco’s payout ratio is currently -50.00%.
Several brokerages recently commented on CCLP. Zacks Investment Research downgraded CSI Compressco from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. ValuEngine upgraded CSI Compressco from a “strong sell” rating to a “sell” rating in a report on Monday, October 2nd. Capital One Financial Corporation reiterated an “equal weight” rating on shares of CSI Compressco in a report on Tuesday, August 8th. Stifel Nicolaus reiterated a “hold” rating and set a $5.00 target price on shares of CSI Compressco in a report on Friday. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $8.00 target price on shares of CSI Compressco in a report on Monday, August 21st. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $6.00.
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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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