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

USA Compression Partners, LP (NYSE:USAC - Get Free Report) declared a quarterly dividend on Thursday, July 17th, RTT News reports. Investors of record on Monday, July 28th will be given a dividend of 0.525 per share by the oil and gas company on Friday, August 8th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 8.68%. The ex-dividend date of this dividend is Monday, July 28th.

USA Compression Partners has a dividend payout ratio of 185.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect USA Compression Partners to earn $1.26 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 166.7%.

USA Compression Partners Trading Down 0.2%

Shares of NYSE USAC traded down $0.05 during midday trading on Monday, hitting $24.19. The company's stock had a trading volume of 29,924 shares, compared to its average volume of 313,132. USA Compression Partners has a one year low of $21.06 and a one year high of $30.10. The stock has a fifty day moving average price of $24.89 and a 200 day moving average price of $25.50. The firm has a market capitalization of $2.84 billion, a price-to-earnings ratio of 35.57 and a beta of 0.38.

USA Compression Partners (NYSE:USAC - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.04). USA Compression Partners had a net margin of 9.99% and a negative return on equity of 81.01%. The business had revenue of $245.23 million for the quarter, compared to the consensus estimate of $244.79 million. On average, equities research analysts predict that USA Compression Partners will post 1.05 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Bradford D. Whitehurst acquired 10,000 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The stock was purchased at an average price of $23.50 per share, with a total value of $235,000.00. Following the completion of the acquisition, the director owned 23,616 shares of the company's stock, valued at $554,976. This trade represents a 73.44% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Institutional Trading of USA Compression Partners

A hedge fund recently raised its stake in USA Compression Partners stock. Goldman Sachs Group Inc. lifted its holdings in shares of USA Compression Partners, LP (NYSE:USAC - Free Report) by 82.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,863,377 shares of the oil and gas company's stock after acquiring an additional 1,296,339 shares during the period. Goldman Sachs Group Inc. owned 2.44% of USA Compression Partners worth $77,254,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 47.77% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. restated an "underweight" rating and issued a $25.00 price objective (up from $24.00) on shares of USA Compression Partners in a report on Monday, June 23rd.

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.