CSI Compressco (CCLP) Scheduled to Post Quarterly Earnings on Wednesday

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CSI Compressco (NASDAQ:CCLP) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, August 7th. Analysts expect the company to announce earnings of ($0.03) per share for the quarter. CSI Compressco has set its FY 2019 guidance at EPS.

CSI Compressco (NASDAQ:CCLP) last issued its earnings results on Wednesday, May 8th. The oil and gas company reported ($0.26) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.14). The firm had revenue of $103.44 million during the quarter, compared to analysts’ expectations of $116.35 million. CSI Compressco had a negative return on equity of 49.28% and a negative net margin of 7.38%. On average, analysts expect CSI Compressco to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of CCLP opened at $3.58 on Tuesday. The stock has a 50 day moving average price of $3.52. 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 1 year low of $2.10 and a 1 year high of $6.29.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 14th. Shareholders of record on Thursday, August 1st will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 1.12%. The ex-dividend date is Wednesday, July 31st. CSI Compressco’s dividend payout ratio is currently -4.65%.

Several analysts have weighed in on CCLP shares. ValuEngine upgraded CSI Compressco from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research downgraded CSI Compressco from a “hold” rating to a “sell” rating in a research report on Friday, July 19th. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $3.50.

About CSI Compressco

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 for CSI Compressco (NASDAQ:CCLP)

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