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

USA Compression Partners (NYSE:USAC) issued its quarterly earnings data on Tuesday. The oil and gas company reported $0.33 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.33, FiscalAI reports. USA Compression Partners had a return on equity of 179.77% and a net margin of 12.43%. The firm had revenue of $357.19 million during the quarter, compared to the consensus estimate of $348.32 million.

USA Compression Partners Stock Performance

USA Compression Partners stock traded up $1.02 during midday trading on Tuesday, reaching $25.82. 12,279 shares of the stock traded hands, compared to its average volume of 252,796. The company has a current ratio of 1.35, a quick ratio of 0.68 and a debt-to-equity ratio of 10.25. The firm has a fifty day moving average price of $25.97 and a two-hundred day moving average price of $26.73. The firm has a market cap of $3.74 billion, a price-to-earnings ratio of 24.36 and a beta of 0.28. USA Compression Partners has a fifty-two week low of $21.92 and a fifty-two week high of $30.55.

USA Compression Partners Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 6th. Stockholders of record on Monday, October 26th will be issued a dividend of $0.5250 per share. The ex-dividend date of this dividend is Monday, October 26th. This represents a $2.10 annualized dividend and a dividend yield of 8.1%. USA Compression Partners’s payout ratio is 198.11%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Zacks Research raised shares of USA Compression Partners from a “strong sell” rating to a “hold” rating in a research note on Monday, August 31st. Wall Street Zen downgraded 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 upped their price target on USA Compression Partners from $30.00 to $31.00 and gave the stock a “sector perform” rating in a report on Tuesday, September 1st. One research analyst has rated the stock with a Strong Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $29.50.

Insider Transactions at USA Compression Partners

In other USA Compression Partners news, Director Bradford Whitehurst purchased 6,000 shares of the stock in a transaction dated Friday, August 21st. The shares were bought at an average cost of $26.10 per share, with a total value of $156,600.00. Following the completion of the acquisition, the director owned 43,616 shares of the company’s stock, valued at approximately $1,138,377.60. This trade represents a 15.95% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

About USA Compression Partners

USA Compression Partners LP (NYSE: USAC) is a master limited partnership that provides natural gas compression services in the United States. The company owns and operates a fleet of natural gas compression equipment and supplies compression to producers, processors, gatherers and pipeline operators under primarily fee-based contracts.

Its services support several stages of the natural gas value chain, including the gathering and processing of natural gas, transportation through interstate and intrastate pipelines, and natural gas storage.