USA Compression Partners LP (NYSE:USAC) Plans Dividend Increase – $0.53 Per Share

USA Compression Partners LP (NYSE:USAC) declared a dividend on Monday, April 21st, investing.com reports. Stockholders of record on Tuesday, April 29th will be paid a dividend of 0.525 per share by the oil and gas company on Friday, May 9th. This represents a dividend yield of 8.33%. The ex-dividend date is Monday, April 28th. This is a 2.9% increase from USA Compression Partners’s previous dividend of $0.51.

USA Compression Partners has a dividend payout ratio of 178.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect USA Compression Partners to earn $1.26 per share next year, which means the company may not be able to cover its $2.10 annual dividend with an expected future payout ratio of 166.7%.

USA Compression Partners Stock Up 1.3 %

Shares of USA Compression Partners stock opened at $25.24 on Monday. The business has a fifty day simple moving average of $26.16 and a 200-day simple moving average of $24.62. The firm has a market cap of $2.97 billion, a price-to-earnings ratio of 34.58 and a beta of 0.84. USA Compression Partners has a fifty-two week low of $21.06 and a fifty-two week high of $30.10.

USA Compression Partners (NYSE:USAC) last posted its quarterly earnings data on Tuesday, February 11th. The oil and gas company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.06). USA Compression Partners had a net margin of 10.48% and a negative return on equity of 62.46%. Analysts anticipate that USA Compression Partners will post 1.05 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. JPMorgan Chase & Co. upped their price target on USA Compression Partners from $23.00 to $24.00 and gave the company an “underweight” rating in a report on Tuesday, March 11th. Mizuho boosted their target price on USA Compression Partners from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Finally, Citigroup increased their price target on USA Compression Partners from $24.00 to $27.00 and gave the company a “neutral” rating in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $26.00.

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.