Wall Street analysts expect that CSI Compressco LP (NASDAQ:CCLP) will report earnings per share of ($0.09) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for CSI Compressco’s earnings. The highest EPS estimate is ($0.09) and the lowest is ($0.10). CSI Compressco posted earnings of ($0.29) per share in the same quarter last year, which suggests a positive year over year growth rate of 69%. The business is expected to issue its next earnings results on Tuesday, February 26th.

According to Zacks, analysts expect that CSI Compressco will report full-year earnings of ($0.87) per share for the current financial year, with EPS estimates ranging from ($0.90) to ($0.83). For the next financial year, analysts forecast that the business will post earnings of ($0.25) per share, with EPS estimates ranging from ($0.32) to ($0.13). Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for CSI Compressco.

CSI Compressco (NASDAQ:CCLP) last issued its earnings results on Wednesday, November 7th. The oil and gas company reported ($0.18) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by ($0.04). CSI Compressco had a negative net margin of 11.45% and a negative return on equity of 54.97%. The firm had revenue of $115.26 million during the quarter, compared to the consensus estimate of $108.80 million.

Several brokerages have commented on CCLP. Zacks Investment Research downgraded shares of CSI Compressco from a “buy” rating to a “hold” rating in a research note on Wednesday, November 14th. ValuEngine downgraded shares of CSI Compressco from a “buy” rating to a “hold” rating in a research note on Tuesday, September 4th. Janney Montgomery Scott downgraded shares of CSI Compressco from a “buy” rating to a “neutral” rating in a research note on Friday, October 12th. Finally, BidaskClub downgraded shares of CSI Compressco from a “hold” rating to a “sell” rating in a research note on Friday, September 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. CSI Compressco has an average rating of “Hold” and a consensus target price of $7.08.

Hedge funds have recently modified their holdings of the company. Huber Capital Management LLC bought a new stake in shares of CSI Compressco during the third quarter worth $364,000. Hilltop Holdings Inc. increased its position in shares of CSI Compressco by 23.5% during the second quarter. Hilltop Holdings Inc. now owns 97,150 shares of the oil and gas company’s stock worth $542,000 after acquiring an additional 18,500 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of CSI Compressco by 120.3% during the second quarter. Renaissance Technologies LLC now owns 308,002 shares of the oil and gas company’s stock worth $1,719,000 after acquiring an additional 168,218 shares in the last quarter. WealthTrust Axiom LLC increased its position in shares of CSI Compressco by 41.1% during the third quarter. WealthTrust Axiom LLC now owns 352,500 shares of the oil and gas company’s stock worth $1,815,000 after acquiring an additional 102,700 shares in the last quarter. Finally, FMR LLC increased its position in shares of CSI Compressco by 17.9% during the second quarter. FMR LLC now owns 1,418,587 shares of the oil and gas company’s stock worth $7,916,000 after acquiring an additional 215,651 shares in the last quarter. 25.85% of the stock is owned by institutional investors.

Shares of NASDAQ:CCLP opened at $4.71 on Thursday. CSI Compressco has a 52 week low of $4.37 and a 52 week high of $8.05. The company has a quick ratio of 1.03, a current ratio of 1.79 and a debt-to-equity ratio of 9.11. The company has a market capitalization of $211.22 million, a price-to-earnings ratio of -4.03 and a beta of 1.50.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 14th. Shareholders of record on Thursday, November 1st were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 63.69%. The ex-dividend date of this dividend was Wednesday, October 31st. This is an increase from CSI Compressco’s previous quarterly dividend of $0.19. CSI Compressco’s dividend payout ratio is presently -64.10%.

About CSI Compressco

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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