CSI Compressco LP (CCLP) Scheduled to Post Quarterly Earnings on Wednesday
CSI Compressco LP (NASDAQ:CCLP) is scheduled to be announcing its earnings results before the market opens on Wednesday, November 8th. Analysts expect the company to announce earnings of ($0.26) per share for the quarter.
CSI Compressco (NASDAQ:CCLP) last posted its earnings results on Tuesday, August 8th. The oil and gas company reported ($0.21) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.25) by $0.04. CSI Compressco had a negative net margin of 17.01% and a negative return on equity of 36.43%. The firm had revenue of $75.32 million for the quarter, compared to analyst estimates of $66.64 million. On average, analysts expect CSI Compressco to post $-1.10 EPS for the current fiscal year and $-0.51 EPS for the next fiscal year.
Shares of CSI Compressco LP (NASDAQ CCLP) opened at 4.99 on Wednesday. CSI Compressco LP has a 12-month low of $4.12 and a 12-month high of $13.54. The firm’s 50-day moving average is $5.16 and its 200-day moving average is $5.45.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Wednesday, November 1st will be paid a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 15.12%. The ex-dividend date is Tuesday, October 31st. CSI Compressco’s dividend payout ratio (DPR) is presently -50.00%.
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CCLP has been the topic of several research reports. Zacks Investment Research downgraded shares of CSI Compressco from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Bank of America Corp decreased their price target on shares of CSI Compressco from $6.50 to $5.00 and set an “underperform” rating on the stock in a research note on Wednesday, August 23rd. Royal Bank Of Canada reissued a “hold” rating and set a $8.00 price target on shares of CSI Compressco in a research note on Monday, August 21st. Stifel Nicolaus set a $5.00 price target on shares of CSI Compressco and gave the stock a “hold” rating in a research note on Friday, August 25th. Finally, ValuEngine raised shares of CSI Compressco from a “strong sell” rating to a “sell” rating in a research note on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. CSI Compressco has an average rating of “Hold” and an average target price of $6.00.
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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