CSI Compressco LP (NASDAQ:CCLP) Expected to Announce Quarterly Sales of $132.08 Million

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Analysts expect CSI Compressco LP (NASDAQ:CCLP) to announce sales of $132.08 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for CSI Compressco’s earnings, with the lowest sales estimate coming in at $131.97 million and the highest estimate coming in at $132.18 million. CSI Compressco reported sales of $99.92 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 32.2%. The business is expected to report its next earnings report on Wednesday, August 14th.

On average, analysts expect that CSI Compressco will report full year sales of $501.03 million for the current financial year, with estimates ranging from $492.00 million to $507.91 million. For the next year, analysts expect that the company will report sales of $549.29 million, with estimates ranging from $505.00 million to $635.82 million. Zacks’ sales averages are an average based on a survey of analysts that follow CSI Compressco.

CSI Compressco (NASDAQ:CCLP) last released its quarterly earnings results on Wednesday, May 8th. The oil and gas company reported ($0.26) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.14). The business had revenue of $103.44 million for the quarter, compared to analysts’ expectations of $116.35 million. CSI Compressco had a negative net margin of 7.38% and a negative return on equity of 49.28%.

A number of research analysts have recently commented on the stock. ValuEngine upgraded shares of CSI Compressco from a “sell” rating to a “hold” rating in a report on Monday, April 1st. Zacks Investment Research upgraded shares of CSI Compressco from a “hold” rating to a “buy” rating and set a $3.50 price target on the stock in a report on Wednesday, May 1st. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $3.50.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC grew its holdings in shares of CSI Compressco by 1.9% in the first quarter. FMR LLC now owns 1,744,183 shares of the oil and gas company’s stock worth $4,953,000 after purchasing an additional 33,320 shares during the last quarter. Marshall Wace LLP bought a new position in shares of CSI Compressco in the first quarter worth about $76,000. Wiley BROS. Aintree Capital LLC grew its holdings in shares of CSI Compressco by 74.0% in the first quarter. Wiley BROS. Aintree Capital LLC now owns 291,144 shares of the oil and gas company’s stock worth $827,000 after purchasing an additional 123,850 shares during the last quarter. KG&L Capital Management LLC bought a new position in shares of CSI Compressco in the fourth quarter worth about $35,000. Finally, Intrinsic Edge Capital Management LLC bought a new position in shares of CSI Compressco in the fourth quarter worth about $464,000. Hedge funds and other institutional investors own 28.58% of the company’s stock.

CSI Compressco stock traded up $0.07 during mid-day trading on Wednesday, reaching $3.38. 320 shares of the company’s stock traded hands, compared to its average volume of 121,596. The company has a market cap of $157.68 million, a price-to-earnings ratio of -3.88 and a beta of 2.04. The company has a quick ratio of 0.65, a current ratio of 1.24 and a debt-to-equity ratio of 11.06. CSI Compressco has a 12-month low of $2.10 and a 12-month high of $6.29.

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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Earnings History and Estimates for CSI Compressco (NASDAQ:CCLP)

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