Brokerages expect CSI Compressco LP (NASDAQ:CCLP) to report $129.43 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for CSI Compressco’s earnings, with estimates ranging from $128.73 million to $130.12 million. CSI Compressco posted sales of $83.10 million during the same quarter last year, which would indicate a positive year over year growth rate of 55.8%. The company is scheduled to issue its next quarterly earnings report on Tuesday, February 26th.

On average, analysts expect that CSI Compressco will report full-year sales of $430.35 million for the current fiscal year, with estimates ranging from $429.33 million to $431.00 million. For the next year, analysts expect that the firm will post sales of $490.37 million, with estimates ranging from $446.00 million to $532.51 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that that provide coverage for CSI Compressco.

CSI Compressco (NASDAQ:CCLP) last posted its quarterly earnings data on Wednesday, November 7th. The oil and gas company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.04). CSI Compressco had a negative return on equity of 54.97% and a negative net margin of 11.45%. The business had revenue of $115.26 million for the quarter, compared to analyst estimates of $108.80 million.

Several equities analysts recently weighed in on the company. Zacks Investment Research cut CSI Compressco from a “buy” rating to a “hold” rating in a research report on Wednesday, November 14th. ValuEngine cut CSI Compressco from a “buy” rating to a “hold” rating in a research report on Tuesday, September 4th. Janney Montgomery Scott cut CSI Compressco from a “buy” rating to a “neutral” rating in a research report on Friday, October 12th. Finally, BidaskClub cut CSI Compressco from a “hold” rating to a “sell” rating in a research report on Friday, September 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $6.58.

NASDAQ CCLP opened at $4.21 on Monday. CSI Compressco has a twelve month low of $4.09 and a twelve month 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 stock has a market cap of $188.80 million, a P/E ratio of -3.60 and a beta of 1.52.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 14th. Investors of record on Thursday, November 1st were given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 71.26%. The ex-dividend date of this dividend was Wednesday, October 31st. This is a boost from CSI Compressco’s previous quarterly dividend of $0.19. CSI Compressco’s payout ratio is currently -64.10%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. OppenheimerFunds Inc. lifted its position in shares of CSI Compressco by 4.4% during the 2nd quarter. OppenheimerFunds Inc. now owns 4,275,136 shares of the oil and gas company’s stock worth $23,856,000 after purchasing an additional 179,760 shares during the last quarter. Huber Capital Management LLC acquired a new position in CSI Compressco in the 3rd quarter valued at approximately $364,000. WealthTrust Axiom LLC raised its holdings in CSI Compressco by 41.1% in the 3rd quarter. WealthTrust Axiom LLC now owns 352,500 shares of the oil and gas company’s stock valued at $1,815,000 after acquiring an additional 102,700 shares in the last quarter. Renaissance Technologies LLC raised its holdings in CSI Compressco by 120.3% in the 2nd quarter. Renaissance Technologies LLC now owns 308,002 shares of the oil and gas company’s stock valued at $1,719,000 after acquiring an additional 168,218 shares in the last quarter. Finally, Hilltop Holdings Inc. raised its holdings in CSI Compressco by 23.5% in the 2nd quarter. Hilltop Holdings Inc. now owns 97,150 shares of the oil and gas company’s stock valued at $542,000 after acquiring an additional 18,500 shares in the last quarter. 26.17% of the stock is owned by institutional investors and hedge funds.

CSI Compressco Company Profile

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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