Capital One Financial Research Analysts Increase Earnings Estimates for CSI Compressco LP (NASDAQ:CCLP)

CSI Compressco LP (NASDAQ:CCLP) – Equities researchers at Capital One Financial boosted their FY2019 EPS estimates for shares of CSI Compressco in a report issued on Thursday, November 7th, Zacks Investment Research reports. Capital One Financial analyst K. May now expects that the oil and gas company will earn ($0.30) per share for the year, up from their prior estimate of ($0.31). Capital One Financial also issued estimates for CSI Compressco’s Q2 2020 earnings at ($0.01) EPS.

Separately, Zacks Investment Research downgraded CSI Compressco from a “buy” rating to a “hold” rating in a report on Monday, November 11th.

Shares of CCLP traded down $0.11 during midday trading on Monday, reaching $2.28. 268,259 shares of the stock were exchanged, compared to its average volume of 149,006. CSI Compressco has a 12-month low of $2.10 and a 12-month high of $4.39. The firm has a 50 day simple moving average of $2.60 and a 200-day simple moving average of $3.09. 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 $109.23 million, a price-to-earnings ratio of -2.65 and a beta of 1.90.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Friday, November 1st were paid a $0.01 dividend. The ex-dividend date was Thursday, October 31st. This represents a $0.04 dividend on an annualized basis and a yield of 1.75%. CSI Compressco’s payout ratio is -4.65%.

Large investors have recently bought and sold shares of the business. Commonwealth Equity Services LLC acquired a new position in CSI Compressco in the third quarter valued at about $29,000. Marshall Wace LLP acquired a new position in CSI Compressco in the first quarter valued at about $76,000. Lapides Asset Management LLC grew its stake in CSI Compressco by 15.7% in the second quarter. Lapides Asset Management LLC now owns 41,900 shares of the oil and gas company’s stock valued at $148,000 after acquiring an additional 5,700 shares during the period. Hilltop Holdings Inc. grew its stake in CSI Compressco by 89.7% in the second quarter. Hilltop Holdings Inc. now owns 208,050 shares of the oil and gas company’s stock valued at $736,000 after acquiring an additional 98,350 shares during the period. Finally, Wiley BROS. Aintree Capital LLC grew its stake in CSI Compressco by 15.9% in the second quarter. Wiley BROS. Aintree Capital LLC now owns 337,319 shares of the oil and gas company’s stock valued at $1,194,000 after acquiring an additional 46,175 shares during the period. 22.92% of the stock is owned by hedge funds and other institutional investors.

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 and Estimates for CSI Compressco (NASDAQ:CCLP)

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