USA Compression Partners (NYSE:USAC) Announces Quarterly Earnings Results

USA Compression Partners (NYSE:USAC) posted its quarterly earnings data on Tuesday. The oil and gas company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.07), Zacks reports. USA Compression Partners had a negative return on equity of 40.62% and a net margin of 9.77%. The company had revenue of $239.97 million during the quarter, compared to the consensus estimate of $238.37 million. During the same period last year, the business earned $0.09 EPS.

USA Compression Partners Trading Up 5.2 %

Shares of USAC traded up $1.13 during trading hours on Wednesday, hitting $22.82. The company had a trading volume of 184,681 shares, compared to its average volume of 361,563. The company has a market capitalization of $2.67 billion, a PE ratio of 40.87 and a beta of 1.32. USA Compression Partners has a one year low of $21.06 and a one year high of $28.47. The company’s fifty day moving average price is $22.45 and its two-hundred day moving average price is $23.19.

USA Compression Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Monday, October 21st were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 9.20%. The ex-dividend date was Monday, October 21st. USA Compression Partners’s dividend payout ratio (DPR) is presently 396.23%.

Analysts Set New Price Targets

A number of research firms have issued reports on USAC. StockNews.com downgraded USA Compression Partners from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th. Mizuho reduced their price objective on USA Compression Partners from $25.00 to $24.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 2nd. Citigroup began coverage on USA Compression Partners in a report on Friday, September 27th. They issued a “neutral” rating and a $23.00 target price for the company. Finally, Royal Bank of Canada boosted their price objective on USA Compression Partners from $26.00 to $27.00 and gave the company a “sector perform” rating in a report on Wednesday, October 16th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $26.00.

Insider Transactions at USA Compression Partners

In other news, insider Eric D. Long sold 1,786 shares of the business’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $22.81, for a total value of $40,738.66. Following the completion of the transaction, the insider now directly owns 307,026 shares of the company’s stock, valued at approximately $7,003,263.06. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other USA Compression Partners news, insider Eric D. Long sold 1,786 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $22.81, for a total value of $40,738.66. Following the completion of the sale, the insider now directly owns 307,026 shares in the company, valued at approximately $7,003,263.06. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Eric D. Long sold 21,396 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $22.27, for a total value of $476,488.92. Following the completion of the sale, the insider now owns 1,786 shares of the company’s stock, valued at approximately $39,774.22. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

USA Compression Partners Company Profile

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.