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

USA Compression Partners, LP (NYSE:USAC - Get Free Report) declared a quarterly dividend on Thursday, July 17th, RTT News reports. Shareholders of record on Monday, July 28th will be paid 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 yield of 8.70%.

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. 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 Price Performance

USA Compression Partners stock traded up $0.02 during midday trading on Thursday, hitting $24.14. 89,912 shares of the stock were exchanged, compared to its average volume of 314,568. The company has a 50 day moving average price of $24.89 and a two-hundred day moving average price of $25.47. The firm has a market cap of $2.84 billion, a P/E ratio of 35.49 and a beta of 0.38. USA Compression Partners has a 1 year low of $21.06 and a 1 year high of $30.10.

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 EPS for the quarter, missing analysts' consensus estimates 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 company had revenue of $245.23 million for the quarter, compared to the consensus estimate of $244.79 million. As a group, analysts predict that USA Compression Partners will post 1.05 EPS for the current year.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other USA Compression Partners news, Director Bradford D. Whitehurst purchased 10,000 shares of the stock in a transaction on Thursday, May 8th. The stock was bought at an average cost of $23.50 per share, for a total transaction of $235,000.00. Following the completion of the acquisition, the director directly owned 23,616 shares of the company's stock, valued at $554,976. The trade was a 73.44% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Institutional Investors Weigh In On 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% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,863,377 shares of the oil and gas company's stock after acquiring an additional 1,296,339 shares during the quarter. Goldman Sachs Group Inc. owned approximately 2.44% of USA Compression Partners worth $77,254,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 47.77% of the company's stock.

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.

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