As of March 1, 2024, CSI Compressco is forecasting capital expenditures for the fiscal year to fall within the range of $52.0 million to $69.0 million. Alongside this, they are projecting an adjusted EBITDA between $135 million and $145 million for the same period.
These estimates indicate the company’s investment plans and financial performance expectations for the upcoming fiscal year.
CSI Compressco LP (CCLP) Stock Analysis and Performance Update – March 1, 2024
On March 1, 2024, CSI Compressco LP (CCLP) had a relatively positive day in the stock market. The stock closed at $1.99, which was a $0.02 increase from the previous trading day, marking a 1.02% rise. Additionally, in after-hours trading, the stock continued to climb, gaining an additional $0.09.
Looking at the overall performance of CCLP, the stock is currently trading in the middle of its 52-week range and is above its 200-day simple moving average. This indicates that the stock has been relatively stable and is showing signs of strength in its price momentum.
Investors may find this information encouraging, as it suggests that CCLP has the potential for further growth in the future. The positive price movement on March 1, 2024, coupled with the stock trading above its 200-day moving average, could indicate that the stock is in an uptrend.
It is important for investors to continue monitoring the performance of CCLP and stay informed about any news or developments that could impact the stock’s price. By staying informed and conducting thorough research, investors can make well-informed decisions about whether to buy, sell, or hold onto their CCLP shares.
CCLP Stock Shows Promising Growth in Financial Metrics on March 1, 2024
On March 1, 2024, CCLP stock showed promising performances as the company reported positive growth in its financial metrics. According to data from CNN Money, CCLP’s total revenue for the past year was $353.40 million, showing a 16.18% increase compared to the previous year. In the third quarter of the same year, the company’s total revenue stood at $99.71 million, marking a 3.03% increase since the last quarter.
CCLP’s net income for the past year was reported at -$22.16 million, which may seem like a loss at first glance. However, it is worth noting that this figure represents a significant improvement of 54.85% compared to the previous year. In the third quarter of 2024, the company’s net income was -$943.00 thousand, showing a remarkable 63.18% increase since the last quarter.
Earnings per share (EPS) is another important metric to consider when evaluating a company’s performance. In the past year, CCLP reported an EPS of -$0.16, which represents an 80.46% increase compared to the previous year. In the third quarter of 2024, the company’s EPS was -$0.01, showing a 63.33% increase since the last quarter.
Overall, CCLP’s stock performances on March 1, 2024, reflect positive growth in key financial metrics such as total revenue, net income, and EPS. Investors may view these improvements as a sign of the company’s resilience and potential for future growth.
