USA Compression Partners (NYSE:USAC) Issues Earnings Results

USA Compression Partners (NYSE:USAC) issued its quarterly earnings data on Tuesday. The oil and gas company reported $0.33 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.33, FiscalAI reports. The firm had revenue of $357.19 million during the quarter, compared to analysts’ expectations of $348.32 million. USA Compression Partners had a net margin of 12.43% and a return on equity of 179.77%.

USA Compression Partners Stock Performance

NYSE USAC opened at $24.80 on Tuesday. The company has a 50 day moving average of $25.97 and a 200-day moving average of $26.73. The company has a current ratio of 1.35, a quick ratio of 0.68 and a debt-to-equity ratio of 10.25. USA Compression Partners has a 1-year low of $21.92 and a 1-year high of $30.55. The firm has a market cap of $3.59 billion, a price-to-earnings ratio of 23.40 and a beta of 0.28.

USA Compression Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 6th. Stockholders of record on Monday, October 26th will be issued a dividend of $0.5250 per share. The ex-dividend date of this dividend is Monday, October 26th. This represents a $2.10 annualized dividend and a dividend yield of 8.5%. USA Compression Partners’s dividend payout ratio (DPR) is presently 198.11%.

Insider Activity

In other USA Compression Partners news, Director Bradford Whitehurst purchased 6,000 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The stock was acquired at an average cost of $26.10 per share, with a total value of $156,600.00. Following the completion of the acquisition, the director directly owned 43,616 shares of the company’s stock, valued at $1,138,377.60. This represents a 15.95% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Wall Street Zen downgraded USA Compression Partners from a “buy” rating to a “hold” rating in a report on Saturday, September 26th. Zacks Research upgraded USA Compression Partners from a “strong sell” rating to a “hold” rating in a research report on Monday, August 31st. Finally, Royal Bank Of Canada lifted their price objective on USA Compression Partners from $30.00 to $31.00 and gave the stock a “sector perform” rating in a report on Tuesday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, USA Compression Partners currently has a consensus rating of “Hold” and a consensus target price of $29.50.

About USA Compression Partners

USA Compression Partners LP (NYSE: USAC) is a master limited partnership that provides natural gas compression services in the United States. The company owns and operates a fleet of natural gas compression equipment and supplies compression to producers, processors, gatherers and pipeline operators under primarily fee-based contracts.

Its services support several stages of the natural gas value chain, including the gathering and processing of natural gas, transportation through interstate and intrastate pipelines, and natural gas storage.