USA Compression Partners, LP (NYSE:USAC) to Issue Quarterly Dividend of $0.53

USA Compression Partners, LP (NYSE:USAC) announced a quarterly dividend on Thursday, October 15th. Shareholders of record on Monday, October 26th will be given a dividend of $0.5250 per share by the oil and gas company on Friday, November 6th. This represents a $2.10 annualized dividend and a yield of 8.4%. The ex-dividend date of this dividend is Monday, October 26th.

USA Compression Partners has a dividend payout ratio of 185.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect USA Compression Partners to earn $1.50 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 140.0%.

USA Compression Partners Trading Up 0.1%

NYSE USAC opened at $24.88 on Friday. The company has a debt-to-equity ratio of 10.25, a quick ratio of 0.68 and a current ratio of 1.35. USA Compression Partners has a fifty-two week low of $21.85 and a fifty-two week high of $30.55. The stock has a market cap of $3.61 billion, a P/E ratio of 23.47 and a beta of 0.28. The stock has a 50 day simple moving average of $26.27 and a two-hundred day simple moving average of $26.85.

USA Compression Partners (NYSE:USAC) last announced its earnings results on Tuesday, August 4th. The oil and gas company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.03. USA Compression Partners had a return on equity of 179.77% and a net margin of 12.43%. The company had revenue of $342.15 million during the quarter, compared to the consensus estimate of $340.49 million. On average, analysts forecast that USA Compression Partners will post 1.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on USAC. Zacks Research raised shares of USA Compression Partners from a “strong sell” rating to a “hold” rating in a research report on Monday, August 31st. Wall Street Zen cut shares of USA Compression Partners from a “buy” rating to a “hold” rating in a research report on Saturday, September 26th. Finally, Royal Bank Of Canada lifted their target price on shares of USA Compression Partners from $30.00 to $31.00 and gave the company a “sector perform” rating in a research note on Tuesday, September 1st. One analyst has rated the stock with a Strong Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $29.50.

USA Compression Partners Company Profile

USA Compression Partners, LP (NYSE: USAC) is a master limited partnership that provides natural gas compression services to infrastructure operators and producers in the United States. The company owns and operates a fleet of natural gas compression units and supplies compression under long-term and short-term contracts.

Its equipment and services support several stages of the natural gas value chain, including gathering, processing, transmission, storage and production. Compression helps maintain the pressure needed to move natural gas through pipelines and other infrastructure, making the company a service provider to midstream and upstream energy businesses.

USA Compression Partners serves customers across major U.S.