Brokerages predict that USA Compression Partners LP (NYSE:USAC) will announce earnings per share (EPS) of ($0.04) for the current quarter, Zacks reports. Three analysts have made estimates for USA Compression Partners’ earnings, with estimates ranging from ($0.09) to $0.00. USA Compression Partners reported earnings per share of $0.07 in the same quarter last year, which suggests a negative year-over-year growth rate of 157.1%. The firm is expected to announce its next earnings report on Monday, February 11th.
According to Zacks, analysts expect that USA Compression Partners will report full year earnings of ($0.46) per share for the current fiscal year, with EPS estimates ranging from ($0.50) to ($0.42). For the next year, analysts anticipate that the business will post earnings of $0.01 per share, with EPS estimates ranging from ($0.27) to $0.48. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that cover USA Compression Partners.
USA Compression Partners (NYSE:USAC) last released its quarterly earnings results on Tuesday, November 6th. The oil and gas company reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.06). The firm had revenue of $168.90 million for the quarter, compared to the consensus estimate of $170.93 million. USA Compression Partners had a positive return on equity of 1.31% and a negative net margin of 1.67%. The business’s revenue for the quarter was up 132.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.07 earnings per share.
Several analysts have recently weighed in on USAC shares. Wells Fargo & Co set a $18.00 price target on USA Compression Partners and gave the stock a “hold” rating in a report on Friday, November 9th. Zacks Investment Research cut USA Compression Partners from a “buy” rating to a “hold” rating in a report on Wednesday, October 24th. Royal Bank of Canada upgraded USA Compression Partners from a “sector perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a report on Wednesday, November 7th. B. Riley set a $21.00 price target on USA Compression Partners and gave the stock a “buy” rating in a report on Tuesday, November 6th. Finally, Mitsubishi UFJ Financial Group began coverage on USA Compression Partners in a report on Wednesday, September 5th. They issued an “overweight” rating and a $22.00 target price on the stock. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $20.57.
Shares of NYSE:USAC traded up $0.32 during midday trading on Monday, hitting $14.78. 387,355 shares of the stock were exchanged, compared to its average volume of 331,645. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.84 and a current ratio of 1.32. USA Compression Partners has a 12 month low of $12.90 and a 12 month high of $19.33.
The business also recently announced a quarterly dividend, which was paid on Friday, November 9th. Investors of record on Monday, October 29th were issued a $0.525 dividend. The ex-dividend date of this dividend was Friday, October 26th. This is a boost from USA Compression Partners’s previous quarterly dividend of $0.51. This represents a $2.10 annualized dividend and a yield of 14.21%. USA Compression Partners’s dividend payout ratio is presently 1,312.50%.
In related news, insider William G. Manias bought 5,000 shares of USA Compression Partners stock in a transaction that occurred on Thursday, November 15th. The shares were acquired at an average cost of $13.40 per share, for a total transaction of $67,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Eric D. Long bought 40,000 shares of USA Compression Partners stock in a transaction that occurred on Tuesday, November 13th. The stock was bought at an average price of $13.89 per share, for a total transaction of $555,600.00. The disclosure for this purchase can be found here.
Several institutional investors have recently bought and sold shares of USAC. Stephens Inc. AR bought a new position in shares of USA Compression Partners during the 2nd quarter worth approximately $198,000. Partnervest Advisory Services LLC bought a new position in shares of USA Compression Partners during the 2nd quarter worth approximately $233,000. Jane Street Group LLC bought a new position in shares of USA Compression Partners during the 2nd quarter worth approximately $285,000. Fort Washington Investment Advisors Inc. OH bought a new position in shares of USA Compression Partners during the 3rd quarter worth approximately $291,000. Finally, B. Riley Financial Inc. bought a new position in shares of USA Compression Partners during the 2nd quarter worth approximately $394,000. Hedge funds and other institutional investors own 37.30% of the company’s stock.
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.
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