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Compressco Partners LP Stock Upgraded (GSJK)

NEW YORK (TheStreet) -- Compressco Partners (Nasdaq:GSJK) has been upgraded by TheStreet Ratings from sell to hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and revenue growth. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year.

Highlights from the ratings report include:

  • COMPRESSCO PARTNERS LP reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. This year, the market expects an improvement in earnings ($0.80 versus $0.47).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Energy Equipment & Services industry. The net income increased by 551.4% when compared to the same quarter one year prior, rising from $0.55 million to $3.60 million.
  • Despite its growing revenue, the company underperformed as compared with the industry average of 12.8%. Since the same quarter one year prior, revenues rose by 11.7%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • 49.20% is the gross profit margin for COMPRESSCO PARTNERS LP which we consider to be strong. It has increased from the same quarter the previous year. Along with this, the net profit margin of 14.40% is above that of the industry average.
  • GSJK has underperformed the S&P 500 Index, declining 17.61% from its price level of one year ago. Turning toward the future, the fact that the stock has come down in price over the past year should not necessarily be interpreted as a negative; it could be one of the factors that may help make the stock attractive down the road. Right now, however, we believe that it is too soon to buy.

Compressco Partners, L.P. provides wellhead compression-based production enhancement services to natural gas and oil exploration and production companies. The company's services primarily consist of wellhead compression, related liquids separation, gas metering, and vapor recovery services. The company has a P/E ratio of 32.9, above the average energy industry P/E ratio of 23 and above the S&P 500 P/E ratio of 17.7. Compressco has a market cap of $133.8 million and is part of the basic materials sector and energy industry. Shares are down 3.5% year to date as of the close of trading on Friday.

You can view the full Compressco Ratings Report or get investment ideas from our investment research center.

-- Written by a member of TheStreet Ratings Staff

TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

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