Wall Street brokerages forecast that CSI Compressco LP (NASDAQ:CCLP) will post $122.50 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for CSI Compressco’s earnings, with estimates ranging from $120.35 million to $124.66 million. CSI Compressco posted sales of $138.07 million in the same quarter last year, which would indicate a negative year over year growth rate of 11.3%. The company is scheduled to announce its next earnings report on Wednesday, February 26th.
On average, analysts expect that CSI Compressco will report full-year sales of $475.54 million for the current financial year, with estimates ranging from $473.38 million to $477.70 million. For the next fiscal year, analysts anticipate that the firm will post sales of $462.15 million, with estimates ranging from $453.93 million to $470.37 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for CSI Compressco.
CSI Compressco (NASDAQ:CCLP) last announced its quarterly earnings data on Wednesday, November 6th. The oil and gas company reported ($0.08) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.04). The business had revenue of $113.75 million during the quarter, compared to the consensus estimate of $120.79 million. CSI Compressco had a negative return on equity of 34.88% and a negative net margin of 4.63%.
Hedge funds have recently made changes to their positions in the company. Commonwealth Equity Services LLC bought a new stake in CSI Compressco during the third quarter worth $29,000. Marshall Wace LLP bought a new stake in CSI Compressco during the first quarter worth $76,000. FMR LLC raised its position in CSI Compressco by 1.9% during the first quarter. FMR LLC now owns 1,744,183 shares of the oil and gas company’s stock worth $4,953,000 after acquiring an additional 33,320 shares in the last quarter. WealthTrust Axiom LLC raised its position in CSI Compressco by 7.9% during the second quarter. WealthTrust Axiom LLC now owns 473,882 shares of the oil and gas company’s stock worth $1,677,000 after acquiring an additional 34,632 shares in the last quarter. Finally, Hilltop Holdings Inc. raised its position in CSI Compressco by 89.7% during the second quarter. Hilltop Holdings Inc. now owns 208,050 shares of the oil and gas company’s stock worth $736,000 after acquiring an additional 98,350 shares in the last quarter. 22.90% of the stock is currently owned by institutional investors and hedge funds.
Shares of CCLP stock traded down $0.02 during trading on Thursday, reaching $2.33. The company’s stock had a trading volume of 24,663 shares, compared to its average volume of 99,095. The business has a fifty day moving average price of $2.49 and a 200-day moving average price of $3.03. The company has a quick ratio of 0.67, a current ratio of 1.15 and a debt-to-equity ratio of 13.02. The company has a market cap of $110.64 million, a price-to-earnings ratio of -2.71 and a beta of 1.89. CSI Compressco has a one year low of $2.10 and a one year high of $3.98.
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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