CSI Compressco LP - common units (CCLP) Company Bio
CSI Compressco LP provides compression services and equipment for natural gas and oil production, gathering, transportation, processing, and storage applications in the United States, Latin America, Canada, and internationally. The company was founded in 2008 and is based in Midland, Texas.
CCLP Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for CSI Compressco LP with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that CSI Compressco LP ranked in the 72th percentile in terms of potential gain offered. More precisely, our analysis suggests the stock is undervalued by approximately 223.67% on a DCF basis. As for the metrics that stood out in our discounted cash flow analysis of CSI Compressco LP, consider:
6% of the company's capital comes from equity, which is greater than only 1.77% of stocks in our cash flow based forecasting set.
As a business, CSI Compressco LP experienced a tax rate of about 37% over the past twelve months; relative to its sector (Energy), this tax rate is higher than 93.63% of stocks generating free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Energy that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as CCLP, try TDW, UGP, TNP, EURN, and RES.
CSI Compressco LP (CCLP) Q2 2020 Results Conference Call August 03, 2020 09:30 AM ET Company Participants Brady Murphy - President Elijio Serrano - CFO Michael Moscoso - VP, Finance Jacek Mucha - Treasurer, TETRA Technologies and CSI Compressco Conference Call Participants Praveen Narra - Raymond James Steven Ruggiero -...
CSI Compressco LP ("CSI Compressco") (NASDAQ: CCLP) announced today that the board of directors of its general partner has declared a cash distribution attributable to the quarter ended June 30, 2020 of $0.01 per outstanding common unit, or $0.04 per outstanding common unit on an annualized basis. This cash distribution will be paid on August 14, 2020 to all common unitholders of record as of the close of business on August 1, 2020.
Moody's Investors Service (Moody's) upgraded CSI Compressco LP's (Compressco) Probability of Default Rating (PDR) to Caa1-PD from Ca-PD. At the same time, Moody's affirmed Compressco's Caa1 Corporate Family Rating (CFR), its B3 senior secured first lien notes rating, and its Caa3 senior unsecured notes rating.
CSI Compressco LP ("CSI Compressco" or the "Partnership") (NASDAQ: CCLP) today announced the results of its offer to exchange for its outstanding principal amount of 7.25% Senior Unsecured Notes due 2022 for newly issued 7.50% Senior Secured First Lien Notes due 2025 and 10.0%/10.75% Senior Secured Second Lien Notes due 2026, upon the terms and conditions set forth in the Confidential Offering Memorandum and Consent Solicitation Statement dated April 17, 2020, as amended and supplemented as of the date hereof. The exchange offer expired on June 10, 2020.