Equities analysts expect CSI Compressco LP (NASDAQ:CCLP) to announce $82.66 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for CSI Compressco’s earnings. The lowest sales estimate is $80.57 million and the highest is $86.49 million. CSI Compressco posted sales of $65.55 million in the same quarter last year, which would indicate a positive year over year growth rate of 26.1%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, May 8th.
On average, analysts expect that CSI Compressco will report full-year sales of $82.66 million for the current financial year, with estimates ranging from $331.89 million to $410.92 million. For the next financial year, analysts expect that the firm will report sales of $401.59 million per share, with estimates ranging from $362.83 million to $419.14 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that that provide coverage for CSI Compressco.
CSI Compressco (NASDAQ:CCLP) last announced its quarterly earnings results on Tuesday, February 27th. The oil and gas company reported ($0.29) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.24) by ($0.05). The business had revenue of $83.10 million for the quarter, compared to analysts’ expectations of $76.15 million. CSI Compressco had a negative net margin of 13.69% and a negative return on equity of 38.50%.
A number of analysts recently commented on the stock. Zacks Investment Research cut shares of CSI Compressco from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. BidaskClub cut shares of CSI Compressco from a “buy” rating to a “hold” rating in a research note on Tuesday, February 27th. ValuEngine upgraded shares of CSI Compressco from a “strong sell” rating to a “sell” rating in a research note on Friday, February 23rd. Finally, Stifel Nicolaus increased their target price on shares of CSI Compressco from $5.00 to $7.00 and gave the stock a “hold” rating in a research note on Wednesday, January 31st. Two research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $6.33.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. lifted its stake in CSI Compressco by 9.1% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 122,770 shares of the oil and gas company’s stock worth $640,000 after purchasing an additional 10,232 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in CSI Compressco in the 4th quarter worth approximately $1,150,000. Deutsche Bank AG lifted its stake in CSI Compressco by 60,459.8% in the 4th quarter. Deutsche Bank AG now owns 244,056 shares of the oil and gas company’s stock worth $1,334,000 after purchasing an additional 243,653 shares in the last quarter. WealthTrust Axiom LLC lifted its stake in CSI Compressco by 10.1% in the 4th quarter. WealthTrust Axiom LLC now owns 256,668 shares of the oil and gas company’s stock worth $1,403,000 after purchasing an additional 23,521 shares in the last quarter. Finally, Hudson Bay Capital Management LP lifted its stake in CSI Compressco by 46.6% in the 4th quarter. Hudson Bay Capital Management LP now owns 350,931 shares of the oil and gas company’s stock worth $1,920,000 after purchasing an additional 111,615 shares in the last quarter. Institutional investors and hedge funds own 29.55% of the company’s stock.
Shares of CSI Compressco (CCLP) traded up $0.01 during mid-day trading on Friday, hitting $7.17. 91,160 shares of the company were exchanged, compared to its average volume of 163,966. The stock has a market cap of $277.63, a PE ratio of -6.08 and a beta of 1.74. The company has a quick ratio of 0.94, a current ratio of 1.60 and a debt-to-equity ratio of 5.39. CSI Compressco has a 12 month low of $4.12 and a 12 month high of $10.15.
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CSI Compressco Company Profile
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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