USA Compression Partners (NYSE:USAC) Announces Quarterly Earnings Results, Misses Expectations By $0.07 EPS

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

USA Compression Partners Stock Up 0.2 %

NYSE USAC traded up $0.05 on Thursday, reaching $23.12. The stock had a trading volume of 217,746 shares, compared to its average volume of 361,966. The firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of 40.56 and a beta of 1.32. USA Compression Partners has a 12-month low of $21.06 and a 12-month high of $28.47. The stock has a fifty day moving average price of $22.48 and a two-hundred day moving average price of $23.19.

USA Compression Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Monday, October 21st were issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 9.08%. The ex-dividend date was Monday, October 21st. USA Compression Partners’s dividend payout ratio is presently 368.42%.

Wall Street Analysts Forecast Growth

USAC has been the topic of several recent research reports. Royal Bank of Canada boosted their target price on USA Compression Partners from $26.00 to $27.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 16th. Mizuho lowered their target price on USA Compression Partners from $25.00 to $24.00 and set a “neutral” rating on the stock in a report on Wednesday, October 2nd. Citigroup initiated coverage on USA Compression Partners in a report on Friday, September 27th. They set a “neutral” rating and a $23.00 target price on the stock. Finally, StockNews.com cut USA Compression Partners from a “buy” rating to a “hold” rating in a report on Thursday, July 11th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, USA Compression Partners presently has a consensus rating of “Hold” and a consensus target price of $26.00.

Insider Buying and Selling at USA Compression Partners

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

About USA Compression Partners

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.