Equities analysts expect CSI Compressco LP (NASDAQ:CCLP) to report sales of $132.08 million for the current quarter, Zacks reports. Two analysts have made estimates for CSI Compressco’s earnings, with estimates ranging from $131.97 million to $132.18 million. CSI Compressco posted sales of $99.92 million during the same quarter last year, which suggests a positive year-over-year growth rate of 32.2%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, August 14th.
On average, analysts expect that CSI Compressco will report full-year sales of $501.03 million for the current fiscal year, with estimates ranging from $492.00 million to $507.91 million. For the next fiscal year, analysts forecast that the company will post sales of $549.29 million, with estimates ranging from $505.00 million to $635.82 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for CSI Compressco.
CSI Compressco (NASDAQ:CCLP) last announced its earnings results on Wednesday, May 8th. The oil and gas company reported ($0.26) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.14). CSI Compressco had a negative return on equity of 49.28% and a negative net margin of 7.38%. The business had revenue of $103.44 million for the quarter, compared to the consensus estimate of $116.35 million.
Several research analysts have recently commented on CCLP shares. ValuEngine cut shares of Zosano Pharma from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Zacks Investment Research raised shares of Gerdau from a “sell” rating to a “hold” rating in a report on Monday, May 13th. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $3.50.
Shares of CCLP traded up $0.02 during mid-day trading on Friday, hitting $3.72. 340,700 shares of the company’s stock were exchanged, compared to its average volume of 174,995. CSI Compressco has a 52 week low of $2.10 and a 52 week high of $6.29. The stock has a 50-day moving average of $3.38. The stock has a market capitalization of $169.91 million, a price-to-earnings ratio of -4.33 and a beta of 2.00. The company has a debt-to-equity ratio of 11.06, a quick ratio of 0.65 and a current ratio of 1.24.
Several hedge funds and other institutional investors have recently bought and sold shares of CCLP. KG&L Capital Management LLC acquired a new stake in shares of CSI Compressco during the 4th quarter worth approximately $35,000. Marshall Wace LLP acquired a new stake in shares of CSI Compressco during the 1st quarter worth approximately $76,000. Geode Capital Management LLC boosted its position in shares of CSI Compressco by 42.7% during the 4th quarter. Geode Capital Management LLC now owns 39,094 shares of the oil and gas company’s stock worth $90,000 after acquiring an additional 11,701 shares in the last quarter. Intrinsic Edge Capital Management LLC acquired a new stake in shares of CSI Compressco during the 4th quarter worth approximately $464,000. Finally, Raymond James & Associates boosted its position in shares of CSI Compressco by 53.5% during the 4th quarter. Raymond James & Associates now owns 216,915 shares of the oil and gas company’s stock worth $503,000 after acquiring an additional 75,611 shares in the last quarter. Institutional investors and hedge funds own 28.58% of the company’s stock.
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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