CSI Compressco LP (NASDAQ:CCLP) Expected to Announce Earnings of -$0.04 Per Share
Equities research analysts predict that CSI Compressco LP (NASDAQ:CCLP) will announce earnings of ($0.04) per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for CSI Compressco’s earnings, with the highest EPS estimate coming in at ($0.02) and the lowest estimate coming in at ($0.06). CSI Compressco posted earnings per share of ($0.18) during the same quarter last year, which would indicate a positive year over year growth rate of 77.8%. The business is expected to report its next quarterly earnings report on Wednesday, November 6th.
According to Zacks, analysts expect that CSI Compressco will report full year earnings of ($0.36) per share for the current fiscal year, with EPS estimates ranging from ($0.42) to ($0.27). For the next financial year, analysts expect that the company will report earnings of $0.06 per share, with EPS estimates ranging from ($0.06) to $0.21. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for CSI Compressco.
CSI Compressco (NASDAQ:CCLP) last released its quarterly earnings data on Wednesday, August 7th. The oil and gas company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.01. CSI Compressco had a negative net margin of 5.49% and a negative return on equity of 39.24%. The company had revenue of $135.86 million during the quarter, compared to the consensus estimate of $134.36 million.
Several institutional investors and hedge funds have recently made changes to their positions in CCLP. WealthTrust Axiom LLC increased its stake in shares of CSI Compressco by 7.9% during the 2nd quarter. WealthTrust Axiom LLC now owns 473,882 shares of the oil and gas company’s stock worth $1,677,000 after purchasing an additional 34,632 shares in the last quarter. B. Riley Financial Inc. acquired a new stake in CSI Compressco during the second quarter worth approximately $1,343,000. Lapides Asset Management LLC boosted its position in CSI Compressco by 15.7% during the second quarter. Lapides Asset Management LLC now owns 41,900 shares of the oil and gas company’s stock worth $148,000 after acquiring an additional 5,700 shares during the last quarter. Wiley BROS. Aintree Capital LLC boosted its position in CSI Compressco by 15.9% during the second quarter. Wiley BROS. Aintree Capital LLC now owns 337,319 shares of the oil and gas company’s stock worth $1,194,000 after acquiring an additional 46,175 shares during the last quarter. Finally, FMR LLC boosted its position in CSI Compressco by 1.9% during the first quarter. FMR LLC now owns 1,744,183 shares of the oil and gas company’s stock worth $4,953,000 after acquiring an additional 33,320 shares during the last quarter. Institutional investors and hedge funds own 37.37% of the company’s stock.
NASDAQ CCLP traded down $0.03 during trading hours on Monday, hitting $2.98. The company had a trading volume of 13,568 shares, compared to its average volume of 166,763. The company has a debt-to-equity ratio of 11.76, a quick ratio of 0.67 and a current ratio of 1.22. CSI Compressco has a 1-year low of $2.10 and a 1-year high of $5.97. The company has a market cap of $139.33 million, a PE ratio of -3.47 and a beta of 1.94. The business has a 50 day moving average of $3.23 and a 200-day moving average of $3.20.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Thursday, August 1st were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $0.04 annualized dividend and a dividend yield of 1.34%. CSI Compressco’s dividend payout ratio (DPR) is -4.65%.
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, and compressor package parts and components, as well as provides aftermarket services, such as operations, maintenance, overhaul, and reconfiguration.
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