USA Compression Partners LP (NYSE:USAC) Expected to Announce Quarterly Sales of $173.32 Million

Wall Street brokerages expect that USA Compression Partners LP (NYSE:USAC) will report $173.32 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for USA Compression Partners’ earnings. The lowest sales estimate is $170.30 million and the highest is $176.20 million. USA Compression Partners posted sales of $168.95 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 2.6%. The business is expected to announce its next earnings report before the market opens on Tuesday, November 5th.

On average, analysts expect that USA Compression Partners will report full year sales of $692.98 million for the current year, with estimates ranging from $686.30 million to $698.60 million. For the next financial year, analysts expect that the business will report sales of $721.16 million, with estimates ranging from $709.43 million to $745.40 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for USA Compression Partners.

USA Compression Partners (NYSE:USAC) last posted its earnings results on Tuesday, August 6th. The oil and gas company reported $0.01 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.03. The firm had revenue of $173.70 million for the quarter, compared to the consensus estimate of $172.87 million. USA Compression Partners had a net margin of 3.82% and a return on equity of 1.93%. The company’s revenue was up 4.0% on a year-over-year basis. During the same period last year, the firm posted ($0.10) EPS.

Several brokerages have issued reports on USAC. ValuEngine raised shares of USA Compression Partners from a “hold” rating to a “buy” rating in a research report on Tuesday, October 1st. UBS Group set a $17.00 price objective on shares of USA Compression Partners and gave the stock a “hold” rating in a research report on Wednesday, August 7th. TheStreet downgraded shares of USA Compression Partners from a “c-” rating to a “d” rating in a research report on Wednesday, August 28th. Stifel Nicolaus downgraded shares of USA Compression Partners from a “buy” rating to a “hold” rating and set a $18.00 price objective on the stock. in a research report on Thursday, October 17th. Finally, Zacks Investment Research downgraded shares of USA Compression Partners from a “buy” rating to a “hold” rating in a research report on Saturday. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $18.67.

Several hedge funds have recently added to or reduced their stakes in the company. Stephens Inc. AR lifted its stake in shares of USA Compression Partners by 10.5% in the 3rd quarter. Stephens Inc. AR now owns 11,074 shares of the oil and gas company’s stock worth $191,000 after acquiring an additional 1,050 shares during the period. Duff & Phelps Investment Management Co. lifted its stake in shares of USA Compression Partners by 10.9% in the 3rd quarter. Duff & Phelps Investment Management Co. now owns 305,000 shares of the oil and gas company’s stock worth $5,267,000 after acquiring an additional 30,000 shares during the period. Penbrook Management LLC lifted its stake in shares of USA Compression Partners by 10.4% in the 3rd quarter. Penbrook Management LLC now owns 48,140 shares of the oil and gas company’s stock worth $831,000 after acquiring an additional 4,540 shares during the period. First PREMIER Bank acquired a new stake in shares of USA Compression Partners in the 3rd quarter worth $35,000. Finally, Intrinsic Edge Capital Management LLC lifted its stake in shares of USA Compression Partners by 22.8% in the 2nd quarter. Intrinsic Edge Capital Management LLC now owns 161,500 shares of the oil and gas company’s stock worth $2,870,000 after acquiring an additional 30,000 shares during the period. Institutional investors own 31.09% of the company’s stock.

NYSE USAC opened at $17.99 on Tuesday. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.36 and a quick ratio of 0.82. The firm’s fifty day moving average price is $16.87 and its 200 day moving average price is $17.10. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of -41.84 and a beta of 1.26. USA Compression Partners has a 12 month low of $12.09 and a 12 month high of $19.00.

The firm also recently disclosed a dividend, which will be paid on Friday, November 8th. Shareholders of record on Monday, October 28th will be given a dividend of $0.525 per share. This is an increase from USA Compression Partners’s previous dividend of $0.51. The ex-dividend date of this dividend is Friday, October 25th. USA Compression Partners’s dividend payout ratio (DPR) is presently -488.37%.

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.

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Earnings History and Estimates for USA Compression Partners (NYSE:USAC)

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