USA Compression Partners LP (NYSE:USAC - Get Free Report) announced a quarterly dividend on Monday, April 21st, investing.com reports. Shareholders of record on Monday, April 28th will be paid a dividend of 0.525 per share by the oil and gas company on Friday, May 9th. This represents a $2.10 annualized dividend and a yield of 8.31%. The ex-dividend date of this dividend is Monday, April 28th. This is a 2.9% increase from USA Compression Partners's previous quarterly dividend of $0.51.
USA Compression Partners has a payout ratio of 178.0% meaning 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 $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 1.2 %
Shares of NYSE:USAC traded down $0.30 during trading on Friday, hitting $25.28. 170,892 shares of the company's stock were exchanged, compared to its average volume of 351,192. The firm has a market cap of $2.97 billion, a P/E ratio of 34.63 and a beta of 0.84. The firm has a 50-day moving average price of $25.87 and a two-hundred day moving average price of $24.68. 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 released its earnings results on Tuesday, February 11th. The oil and gas company reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($0.06). USA Compression Partners had a negative return on equity of 62.46% and a net margin of 10.48%. As a group, research analysts predict that USA Compression Partners will post 1.05 EPS for the current year.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on the company. Citigroup upped their price objective on USA Compression Partners from $24.00 to $27.00 and gave the company a "neutral" rating in a report on Tuesday, February 25th. Mizuho upped their price target on USA Compression Partners from $24.00 to $26.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. increased their price target on shares of USA Compression Partners from $23.00 to $24.00 and gave the company an "underweight" rating in a research report on Tuesday, March 11th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $26.00.
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About USA Compression Partners
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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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