USA Compression Partners LP (NYSE:USAC) Declares $0.53 Quarterly Dividend

USA Compression Partners LP (NYSE:USAC - Get Free Report) announced a quarterly dividend on Friday, April 12th, Wall Street Journal reports. Stockholders of record on Monday, April 22nd will be paid a dividend of 0.525 per share by the oil and gas company on Friday, May 3rd. This represents a $2.10 annualized dividend and a dividend yield of 8.24%. The ex-dividend date is Friday, April 19th.

USA Compression Partners has a payout ratio of 247.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect USA Compression Partners to earn $0.86 per share next year, which means the company may not be able to cover its $2.10 annual dividend with an expected future payout ratio of 244.2%.

USA Compression Partners Trading Down 1.7 %

Shares of NYSE:USAC traded down $0.44 on Friday, hitting $25.50. The company had a trading volume of 318,235 shares, compared to its average volume of 403,030. USA Compression Partners has a 52-week low of $18.48 and a 52-week high of $28.47. The business has a 50 day moving average of $25.91 and a 200 day moving average of $25.15. The company has a market cap of $2.63 billion, a PE ratio of 121.43 and a beta of 1.30.

USA Compression Partners (NYSE:USAC - Get Free Report) last issued its quarterly earnings data on Tuesday, February 13th. The oil and gas company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.02). USA Compression Partners had a net margin of 8.07% and a negative return on equity of 31.81%. The company had revenue of $225.05 million during the quarter, compared to analysts' expectations of $221.50 million. During the same quarter in the prior year, the company earned ($0.04) earnings per share. As a group, equities analysts predict that USA Compression Partners will post 0.57 EPS for the current year.

Insiders Place Their Bets

In other USA Compression Partners news, insider Eric D. Long sold 34,866 shares of the company's stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $24.54, for a total transaction of $855,611.64. Following the completion of the sale, the insider now directly owns 469,019 shares in the company, valued at $11,509,726.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other USA Compression Partners news, insider Eric D. Long sold 34,866 shares of the company's stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $24.54, for a total transaction of $855,611.64. Following the completion of the sale, the insider now directly owns 469,019 shares in the company, valued at $11,509,726.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Eric D. Long sold 9,329 shares of the company's stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $24.50, for a total value of $228,560.50. Following the sale, the insider now owns 356,071 shares of the company's stock, valued at $8,723,739.50. The disclosure for this sale can be found here. Insiders sold 7,755,566 shares of company stock worth $194,685,337 over the last three months.

Institutional Investors Weigh In On USA Compression Partners

A number of large investors have recently modified their holdings of the stock. CreativeOne Wealth LLC grew its stake in shares of USA Compression Partners by 2.4% in the second quarter. CreativeOne Wealth LLC now owns 22,962 shares of the oil and gas company's stock valued at $453,000 after buying an additional 535 shares in the last quarter. LPL Financial LLC grew its stake in shares of USA Compression Partners by 6.1% in the fourth quarter. LPL Financial LLC now owns 13,971 shares of the oil and gas company's stock valued at $273,000 after buying an additional 798 shares in the last quarter. Belpointe Asset Management LLC grew its stake in shares of USA Compression Partners by 232.9% in the first quarter. Belpointe Asset Management LLC now owns 1,235 shares of the oil and gas company's stock valued at $26,000 after buying an additional 864 shares in the last quarter. Osaic Holdings Inc. grew its stake in shares of USA Compression Partners by 0.5% in the second quarter. Osaic Holdings Inc. now owns 279,508 shares of the oil and gas company's stock valued at $5,518,000 after buying an additional 1,451 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in shares of USA Compression Partners by 2.5% in the second quarter. Royal Bank of Canada now owns 67,539 shares of the oil and gas company's stock valued at $1,333,000 after buying an additional 1,622 shares in the last quarter. Institutional investors and hedge funds own 47.77% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on USAC shares. StockNews.com downgraded USA Compression Partners from a "buy" rating to a "hold" rating in a research report on Thursday, January 11th. Mizuho increased their target price on USA Compression Partners from $22.00 to $23.00 and gave the stock an "underperform" rating in a research report on Wednesday, February 14th. One analyst has rated the stock with a sell rating and three have given a hold rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $23.00.

About USA Compression Partners

USA Compression Partners, LP provides compression services under term contracts with customers in the natural gas and crude oil industries in the United States. The company engineers, designs, operates, services, and repairs its compression units; and maintains related support inventory and equipment.