USA Compression Partners (NYSE:USAC) Releases Earnings Results, Hits Estimates

Key Points

• USA Compression Partners met earnings expectations, reporting quarterly EPS of $0.33, while revenue of $357.19 million exceeded the $348.32 million consensus estimate.
• Shares fell 2.7% to open at $24.80, and analysts maintained a generally cautious outlook: the stock has an average “Hold” rating and a consensus price target of $29.50.
• The company declared a quarterly dividend of $0.525 per share, or $2.10 annualized, representing an 8.5% yield; a director also increased his position by purchasing 6,000 shares.

USA Compression Partners (NYSE:USAC - Get Free Report) announced its quarterly earnings data on Tuesday. The oil and gas company reported $0.33 EPS for the quarter, meeting analysts' consensus estimates of $0.33, FiscalAI reports. The firm had revenue of $357.19 million during the quarter, compared to the consensus estimate of $348.32 million. USA Compression Partners had a net margin of 12.43% and a return on equity of 179.77%.

USA Compression Partners Trading Down 2.7%

Shares of USAC opened at $24.80 on Tuesday. The business's 50-day moving average price is $25.97 and its 200 day moving average price is $26.73. The stock has a market capitalization of $3.59 billion, a P/E ratio of 23.40 and a beta of 0.28. The company has a current ratio of 1.35, a quick ratio of 0.68 and a debt-to-equity ratio of 10.25. USA Compression Partners has a 1-year low of $21.92 and a 1-year high of $30.55.

USA Compression Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 6th. Investors of record on Monday, October 26th will be paid a $0.5250 dividend. The ex-dividend date of this dividend is Monday, October 26th. This represents a $2.10 dividend on an annualized basis and a yield of 8.5%. USA Compression Partners's dividend payout ratio (DPR) is currently 198.11%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Wall Street Zen cut USA Compression Partners from a "buy" rating to a "hold" rating in a report on Saturday, September 26th. Zacks Research raised shares of USA Compression Partners from a "strong sell" rating to a "hold" rating in a research report on Monday, August 31st. Finally, Royal Bank Of Canada lifted their price objective on shares of USA Compression Partners from $30.00 to $31.00 and gave the company a "sector perform" rating in a research note on Tuesday, September 1st. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $29.50.

Insider Activity at USA Compression Partners

In other USA Compression Partners news, Director Bradford Whitehurst purchased 6,000 shares of the stock in a transaction dated Friday, August 21st. The shares were acquired at an average price of $26.10 per share, for a total transaction of $156,600.00. Following the completion of the acquisition, the director owned 43,616 shares of the company's stock, valued at $1,138,377.60. This represents a 15.95% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

USA Compression Partners Company Profile

USA Compression Partners LP NYSE: USAC is a master limited partnership that provides natural gas compression services in the United States. The company owns and operates a fleet of natural gas compression equipment and supplies compression to producers, processors, gatherers and pipeline operators under primarily fee-based contracts.

Its services support several stages of the natural gas value chain, including the gathering and processing of natural gas, transportation through interstate and intrastate pipelines, and natural gas storage.

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