USA Compression Partners, LP (USAC) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS
USA Compression Partners, LP (NYSE:USAC) released its quarterly earnings data on Tuesday. The oil and gas company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01), Briefing.com reports. The firm had revenue of $72.79 million during the quarter, compared to the consensus estimate of $68.82 million. USA Compression Partners, had a net margin of 1.20% and a return on equity of 1.38%. The business’s revenue was up 19.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.04) earnings per share.
USA Compression Partners, (NYSE USAC) traded up $0.17 on Wednesday, reaching $16.76. The company’s stock had a trading volume of 50,902 shares, compared to its average volume of 85,527. USA Compression Partners, has a 52 week low of $14.30 and a 52 week high of $19.78. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.30 and a quick ratio of 0.74. The stock has a market capitalization of $1,006.14, a price-to-earnings ratio of 108.93 and a beta of 1.16.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 10th. Shareholders of record on Monday, October 30th will be paid a $0.525 dividend. The ex-dividend date is Friday, October 27th. This represents a $2.10 annualized dividend and a yield of 12.53%. USA Compression Partners,’s dividend payout ratio (DPR) is presently 7,000.00%.
USAC has been the subject of several recent research reports. Zacks Investment Research upgraded USA Compression Partners, from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Thursday, October 5th. Royal Bank Of Canada restated a “hold” rating and issued a $20.00 price objective on shares of USA Compression Partners, in a report on Monday, July 31st. Janney Montgomery Scott initiated coverage on USA Compression Partners, in a report on Friday, September 1st. They issued a “neutral” rating and a $16.00 price objective for the company. BidaskClub upgraded USA Compression Partners, from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 27th. Finally, ValuEngine downgraded USA Compression Partners, from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. USA Compression Partners, has an average rating of “Hold” and an average target price of $17.67.
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About USA Compression Partners,
USA Compression Partners, LP is an independent provider of compression services in the United States. The Company provides compression services to its customers primarily in connection with infrastructure applications, including both allowing for the processing and transportation of natural gas through the domestic pipeline system and managing crude oil production through artificial lift processes.
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