USA Compression Partners (NYSE:USAC) Announces Quarterly Earnings Results, Beats Expectations By $0.04 EPS

USA Compression Partners (NYSE:USAC) announced its quarterly earnings results on Wednesday. The oil and gas company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.22 by $0.04, Zacks reports. USA Compression Partners had a negative return on equity of 77.16% and a net margin of 10.99%.The business had revenue of $250.26 million for the quarter, compared to analyst estimates of $250.23 million.

USA Compression Partners Stock Performance

USA Compression Partners stock traded up $0.67 on Thursday, reaching $24.11. The company’s stock had a trading volume of 369,340 shares, compared to its average volume of 267,959. The company has a market cap of $2.96 billion, a price-to-earnings ratio of 30.14 and a beta of 0.36. The business’s fifty day moving average price is $23.38 and its 200 day moving average price is $24.16. USA Compression Partners has a twelve month low of $21.53 and a twelve month high of $30.10.

USA Compression Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Monday, October 27th will be paid a $0.525 dividend. The ex-dividend date of this dividend is Monday, October 27th. This represents a $2.10 dividend on an annualized basis and a yield of 8.7%. USA Compression Partners’s payout ratio is currently 262.50%.

Wall Street Analysts Forecast Growth

Separately, Mizuho boosted their target price on shares of USA Compression Partners from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Friday, August 29th. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $25.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. HRT Financial LP acquired a new position in USA Compression Partners during the 2nd quarter worth about $1,555,000. Corient Private Wealth LLC lifted its position in shares of USA Compression Partners by 131.7% during the second quarter. Corient Private Wealth LLC now owns 412,900 shares of the oil and gas company’s stock worth $10,038,000 after purchasing an additional 234,730 shares in the last quarter. Raymond James Financial Inc. lifted its position in shares of USA Compression Partners by 1.5% during the second quarter. Raymond James Financial Inc. now owns 548,743 shares of the oil and gas company’s stock worth $13,340,000 after purchasing an additional 8,169 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in USA Compression Partners by 82.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,863,377 shares of the oil and gas company’s stock worth $77,254,000 after buying an additional 1,296,339 shares in the last quarter. Institutional investors and hedge funds own 47.77% of the company’s stock.

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.