Equities research analysts expect CSI Compressco LP (NASDAQ:CCLP) to post earnings per share of ($0.25) for the current quarter, Zacks reports. Three analysts have made estimates for CSI Compressco’s earnings. The lowest EPS estimate is ($0.32) and the highest is ($0.14). CSI Compressco reported earnings per share of ($0.14) in the same quarter last year, which suggests a negative year-over-year growth rate of 78.6%. The company is expected to announce its next quarterly earnings report before the market opens on Tuesday, August 8th.
According to Zacks, analysts expect that CSI Compressco will report full-year earnings of ($1.07) per share for the current year, with EPS estimates ranging from ($1.25) to ($0.78). For the next year, analysts forecast that the business will report earnings of ($0.34) per share, with EPS estimates ranging from ($0.57) to ($0.14). Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow CSI Compressco.
CSI Compressco (NASDAQ:CCLP) last issued its quarterly earnings data on Tuesday, May 9th. The oil and gas company reported ($0.46) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by $0.27. The company had revenue of $65.55 million during the quarter, compared to the consensus estimate of $70.55 million. CSI Compressco had a negative net margin of 16.39% and a negative return on equity of 30.77%.
Several equities research analysts have recently weighed in on CCLP shares. Royal Bank Of Canada decreased their price target on CSI Compressco from $12.00 to $9.00 and set a “sector perform” rating on the stock in a research report on Monday, April 24th. Zacks Investment Research cut CSI Compressco from a “hold” rating to a “sell” rating in a research report on Thursday, May 25th. Finally, Stifel Nicolaus decreased their price target on CSI Compressco from $9.00 to $6.00 and set a “hold” rating on the stock in a research report on Wednesday, May 10th.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Citadel Advisors LLC bought a new position in CSI Compressco during the first quarter valued at $136,000. Raymond James Trust N.A. boosted its position in CSI Compressco by 4.5% in the first quarter. Raymond James Trust N.A. now owns 27,800 shares of the oil and gas company’s stock valued at $273,000 after buying an additional 1,200 shares during the period. Robotti Robert boosted its position in CSI Compressco by 38.6% in the first quarter. Robotti Robert now owns 32,320 shares of the oil and gas company’s stock valued at $317,000 after buying an additional 9,000 shares during the period. Texas Yale Capital Corp. boosted its position in CSI Compressco by 75.0% in the first quarter. Texas Yale Capital Corp. now owns 35,000 shares of the oil and gas company’s stock valued at $343,000 after buying an additional 15,000 shares during the period. Finally, Renaissance Technologies LLC boosted its position in CSI Compressco by 77.0% in the fourth quarter. Renaissance Technologies LLC now owns 38,593 shares of the oil and gas company’s stock valued at $376,000 after buying an additional 16,793 shares during the period. Institutional investors own 28.53% of the company’s stock.
Shares of CSI Compressco (NASDAQ:CCLP) traded down 4.14% during trading on Monday, hitting $5.10. 182,001 shares of the stock traded hands. CSI Compressco has a 1-year low of $4.12 and a 1-year high of $13.54.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Tuesday, August 1st will be given a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 14.71%. The ex-dividend date is Friday, July 28th. CSI Compressco’s dividend payout ratio (DPR) is -52.45%.
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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