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. It also provides compression services in various shale plays, including the Utica, Marcellus, Permian Basin, Delaware Basin, Eagle Ford, Mississippi Lime, Granite Wash, Woodford, Barnett, Haynesville, Niobrara, and Fayetteville shales. As of December 31, 2017, the company had approximately 1,799,781 horsepower in its fleet. It serves oil companies; and independent producers, processors, gatherers, and transporters of natural gas and crude oil. USA Compression GP, LLC operates as the general partner of USA Compression Partners, LP. The company was formerly known as Compression Holdings, LP, and changed its name to USA Compression Partners, LP in June 2011. USA Compression Partners, LP was founded in 1998 and is headquartered in Austin, Texas.
USA Compression Partners Stock Performance
USA Compression Partners stock opened at $17.81 on Friday. The company has a debt-to-equity ratio of 48.61, a current ratio of 1.04 and a quick ratio of 0.61. USA Compression Partners has a fifty-two week low of $14.06 and a fifty-two week high of $20.14. The stock has a fifty day moving average of $17.34 and a two-hundred day moving average of $17.56.
USA Compression Partners (NYSE:USAC - Get Rating) last announced its quarterly earnings data on Tuesday, August 2nd. The oil and gas company reported ($0.03) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.01). The business had revenue of $171.46 million during the quarter. USA Compression Partners had a net margin of 2.99% and a return on equity of 27.15%. During the same period in the prior year, the company posted ($0.10) earnings per share. As a group, analysts forecast that USA Compression Partners will post -0.06 earnings per share for the current fiscal year.
USA Compression Partners Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 5th. Stockholders of record on Monday, July 25th were given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 11.79%. The ex-dividend date of this dividend was Friday, July 22nd. USA Compression Partners's dividend payout ratio is currently -724.11%.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on the company. Mizuho began coverage on USA Compression Partners in a research report on Wednesday, July 27th. They set a "neutral" rating and a $18.00 price objective for the company. StockNews.com raised USA Compression Partners from a "hold" rating to a "buy" rating in a report on Saturday, August 6th.