Equities research analysts forecast that CSI Compressco LP (NASDAQ:CCLP) will announce earnings per share of ($0.24) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for CSI Compressco’s earnings. The highest EPS estimate is ($0.18) and the lowest is ($0.26). CSI Compressco posted earnings of ($0.36) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 33.3%. The business is scheduled to announce its next earnings report on Tuesday, February 27th.

On average, analysts expect that CSI Compressco will report full year earnings of ($1.06) per share for the current financial year, with EPS estimates ranging from ($1.10) to ($1.02). For the next year, analysts expect that the business will post earnings of ($0.56) per share, with EPS estimates ranging from ($0.67) to ($0.45). Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that follow CSI Compressco.

A number of research firms recently commented on CCLP. Zacks Investment Research cut shares of CSI Compressco from a “hold” rating to a “sell” rating in a research note on Tuesday. ValuEngine raised shares of CSI Compressco from a “strong sell” rating to a “sell” rating in a research note on Thursday, November 9th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $6.00 price target (up from $5.00) on shares of CSI Compressco in a research note on Thursday, November 9th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $5.00 price target on shares of CSI Compressco in a research note on Friday, November 3rd. Three research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The company has a consensus rating of “Hold” and an average price target of $5.33.

CSI Compressco (NASDAQ CCLP) opened at $5.96 on Friday. CSI Compressco has a 52 week low of $4.12 and a 52 week high of $13.54. The company has a current ratio of 1.75, a quick ratio of 0.98 and a debt-to-equity ratio of 4.92. The company has a market cap of $218.70, a PE ratio of -4.77 and a beta of 2.05.

Several hedge funds have recently added to or reduced their stakes in CCLP. FMR LLC boosted its position in CSI Compressco by 91.7% in the 2nd quarter. FMR LLC now owns 1,353,231 shares of the oil and gas company’s stock valued at $6,563,000 after buying an additional 647,176 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in CSI Compressco by 9.1% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 122,770 shares of the oil and gas company’s stock valued at $640,000 after buying an additional 10,232 shares during the period. Aegis Financial Corp boosted its position in CSI Compressco by 22.0% in the 2nd quarter. Aegis Financial Corp now owns 61,000 shares of the oil and gas company’s stock valued at $296,000 after buying an additional 11,000 shares during the period. Finally, Virtu KCG Holdings LLC purchased a new stake in CSI Compressco in the 2nd quarter valued at about $146,000. 27.38% of the stock is owned by hedge funds and other institutional investors.

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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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