Eye-Catching Stock Buzz: CSI Compressco LP (NASDAQ: CCLP)

THE WOODLANDS, Texas, November 5, 2019 – Shares of CSI Compressco LP (NASDAQ: CCLP) inclined 3.27% to $2.84. The stock grabbed the investor’s attention and traded 63.893K shares as compared to its average daily volume of 95.68K shares. The stock’s institutional ownership stands at 42.60%.

TETRA Technologies, Inc. (TTI) declared consolidated second quarter net loss before discontinued operations of $8.20M, compared to $18.70M in the first quarter of 2019 and $12.10M in the same quarter of last year. Net loss per share before discontinued operations during the second quarter was $0.06 per share and compared to a net loss per share of $0.09 in the first quarter of this year and a net loss per share of $0.05 in the second quarter of 2018.  Adjusted per share loss in the second quarter before discontinued operations and excluding special items, was a loss of $0.02 and compares to adjust per share loss of $0.04 in the first quarter and adjusted earnings per share of $0.03 in the second quarter of 2018.

Free Cash Flow and Balance Sheet

Consolidated cash provided from operating activities for the second quarter was $31.00M.  TETRA only adjusted free cash flow from continuing operations in the second quarter were $3.10M and compares to a use of cash of $34.90M in first quarter of 2019. We have historically consumed cash in the first quarter of the year and have generated cash in the second half of the year, reflecting the seasonality of some of our businesses.  We continue to believe that TETRA only adjusted free cash flow from continuing operations will be positive for the full year and above last year’s levels. Consolidated net debt was $830.0M, while TETRA only net debt was $200.0M. At the end of the second quarter of 2019, TETRA only non-restricted cash was $22.0M.

CCLP has a market value of $131.26M while its EPS was booked as $-0.59 in the last 12 months. The stock has 46.22M shares outstanding. In the profitability analysis, the company has gross profit margin of 30.10% while net profit margin was -5.40%. Beta value of the company was 1.91; beta is used to measure riskiness of the security. Analyst recommendation for this stock stands at 3.00.

Ronnie Potter

I am Ronnie Potter and I’m passionate about business and finance news with over 4 years in the industry starting as a writer working my way up into senior positions.

I am the driving force behind Crypto Dictation with a vision to broaden the company’s readership throughout 2016. I am an editor and reporter of “Basic Materials” category.

Address: 4938 Mesa Drive, Las Vegas, NV 89101, USA
Phone: (+1) 702-385-7423
Email: [email protected]

Ronnie Potter

I am Ronnie Potter and I’m passionate about business and finance news with over 4 years in the industry starting as a writer working my way up into senior positions. I am the driving force behind Crypto Dictation with a vision to broaden the company’s readership throughout 2016. I am an editor and reporter of “Basic Materials” category. Address: 4938 Mesa Drive, Las Vegas, NV 89101, USA Phone: (+1) 702-385-7423 Email: [email protected]

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