CSI Compressco (NASDAQ:CCLP) posted its quarterly earnings results on Tuesday. The oil and gas company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.05), Bloomberg Earnings reports. The business had revenue of $83.10 million for the quarter, compared to the consensus estimate of $76.15 million. CSI Compressco had a negative return on equity of 36.92% and a negative net margin of 13.69%.
CSI Compressco (CCLP) opened at $7.50 on Thursday. CSI Compressco has a twelve month low of $4.12 and a twelve month high of $11.13. The company has a debt-to-equity ratio of 4.92, a quick ratio of 0.98 and a current ratio of 1.75.
The company also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Thursday, February 1st were issued a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 10.00%. The ex-dividend date was Wednesday, January 31st. CSI Compressco’s dividend payout ratio is currently -63.56%.
Institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC lifted its holdings in shares of CSI Compressco by 91.7% in the 2nd quarter. FMR LLC now owns 1,353,231 shares of the oil and gas company’s stock worth $6,563,000 after purchasing an additional 647,176 shares in the last quarter. WealthTrust Axiom LLC lifted its holdings in shares of 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. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of 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. Virtu KCG Holdings LLC bought a new position in shares of CSI Compressco in the 2nd quarter worth $146,000. Finally, Renaissance Technologies LLC bought a new position in shares of CSI Compressco in the 4th quarter worth $1,150,000. Institutional investors own 29.55% of the company’s stock.
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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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