Wall Street analysts forecast that CSI Compressco LP (NASDAQ:CCLP) will report ($0.24) earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for CSI Compressco’s earnings, with the lowest EPS estimate coming in at ($0.26) and the highest estimate coming in at ($0.18). CSI Compressco reported earnings per share of ($0.36) in the same quarter last year, which indicates a positive year over year growth rate of 33.3%. The business is scheduled to issue its next quarterly earnings results on Tuesday, February 27th.

According to Zacks, analysts expect that CSI Compressco will report full year earnings of ($1.06) per share for the current financial year, with EPS estimates ranging from ($1.10) to ($1.02). For the next fiscal year, analysts expect that the company will report earnings of ($0.56) per share, with EPS estimates ranging from ($0.67) to ($0.45). Zacks Investment Research’s 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 issued reports on CCLP. Bank of America 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 research note on Wednesday, August 23rd. Stifel Nicolaus set a $5.00 price objective on shares of CSI Compressco and gave the stock a “hold” rating in a research note on Friday, August 25th. ValuEngine upgraded shares of CSI Compressco from a “strong sell” rating to a “sell” rating in a research note on Monday, October 2nd. Zacks Investment Research downgraded shares of CSI Compressco from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $6.00 price objective (up from $5.00) on shares of CSI Compressco in a research note on Thursday, November 9th. Two analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $5.33.

Shares of CSI Compressco (CCLP) opened at $5.02 on Thursday. The company has a quick ratio of 0.98, a current ratio of 1.75 and a debt-to-equity ratio of 4.92. CSI Compressco has a 52 week low of $4.12 and a 52 week high of $13.54.

Hedge funds have recently made changes to their positions in the company. Virtu KCG Holdings LLC purchased a new position in shares of CSI Compressco in the second quarter valued at $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 valued at $296,000 after purchasing an additional 11,000 shares during the period. Renaissance Technologies LLC boosted its stake in shares of CSI Compressco by 99.3% in the first quarter. Renaissance Technologies LLC now owns 76,912 shares of the oil and gas company’s stock valued at $754,000 after purchasing an additional 38,319 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in shares of CSI Compressco by 9.1% in 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 during the period. Finally, Airain ltd purchased a new position in shares of CSI Compressco in the second quarter valued at $796,000. Institutional investors and hedge funds own 27.38% of the company’s stock.

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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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