Revenue Update on CSI Compressco LP(NASDAQ:CCLP)

CSI Compressco LP(NASDAQ:CCLP) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 5, 2016. Company reported revenue of $76.09M. Analysts estimated a revenue of $79.98M. Earnings per share were $-0.14. Analysts had estimated an EPS of $-0.11.

CSI Compressco LP (CCLP) made into the market gainers list on Wednesdays trading session with the shares advancing 0.10% or 0.01 points. Due to strong positive momentum, the stock ended at $9.65, which is also near the day’s high of $9.75. The stock began the session at $9.56 and the volume stood at 44,269 shares. The 52-week high of the shares is $15.51 and the 52 week low is $3.74. The company has a current market capitalization of $321 M and it has 3,32,27,267 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Mar 17, 2016, Ronald J. Foster (SR VP Sales & Marketing) purchased 725 shares at $5.11 per share price.Also, On Sep 14, 2015, Timothy A. Knox (President – CSI Compressco) purchased 2,000 shares at $12.80 per share price.

CSI Compressco LP formerly Compressco Partners L.P. is a provider of compression services and equipment for natural gas and oil production gathering transportation processing and storage. The Company fabricates and 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. It provides these compression services and equipment to a base of natural gas and oil exploration and production midstream and transmission companies. It is a service provider of natural gas compression services utilizing its fleet of compressor packages that employs a spectrum of low- medium- and high-horsepower engines. Its applications include gas gathering gas lift carbon dioxide injection wellhead compression gas storage refrigeration plant compression gas processing pressure maintenance pipeline transmission vapor recovery and gas transmission among others.

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