Wall Street analysts predict that USA Compression Partners LP (NYSE:USAC) will report sales of $173.46 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for USA Compression Partners’ earnings, with the lowest sales estimate coming in at $172.50 million and the highest estimate coming in at $174.60 million. USA Compression Partners posted sales of $166.90 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.9%. The business is expected to announce its next quarterly earnings report on Tuesday, August 6th.
On average, analysts expect that USA Compression Partners will report full year sales of $699.94 million for the current fiscal year, with estimates ranging from $695.00 million to $711.90 million. For the next fiscal year, analysts anticipate that the company will post sales of $738.43 million, with estimates ranging from $714.00 million to $775.00 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow USA Compression Partners.
USA Compression Partners (NYSE:USAC) last announced its quarterly earnings data on Tuesday, May 7th. The oil and gas company reported ($0.02) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.01). USA Compression Partners had a net margin of 2.86% and a return on equity of 1.38%. The firm had revenue of $170.70 million during the quarter, compared to analysts’ expectations of $171.61 million. During the same period in the prior year, the company posted ($0.23) earnings per share. The company’s revenue for the quarter was up 119.7% on a year-over-year basis.
USAC has been the topic of a number of recent analyst reports. B. Riley set a $22.00 price objective on shares of USA Compression Partners and gave the company a “buy” rating in a research report on Wednesday, February 20th. Zacks Investment Research downgraded shares of USA Compression Partners from a “hold” rating to a “sell” rating in a research report on Saturday, January 19th. Finally, Stifel Nicolaus started coverage on shares of USA Compression Partners in a research report on Thursday, April 4th. They issued a “buy” rating and a $18.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. USA Compression Partners currently has a consensus rating of “Buy” and a consensus target price of $20.17.
Shares of NYSE:USAC traded down $0.07 during trading hours on Wednesday, reaching $17.81. The stock had a trading volume of 104,532 shares, compared to its average volume of 294,841. USA Compression Partners has a 1 year low of $12.09 and a 1 year high of $18.72. The company has a current ratio of 1.70, a quick ratio of 0.99 and a debt-to-equity ratio of 1.36. The company has a market cap of $1.61 billion, a PE ratio of -41.42 and a beta of 1.41.
The business also recently announced a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Monday, April 29th were given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 11.79%. This is an increase from USA Compression Partners’s previous quarterly dividend of $0.51. The ex-dividend date was Friday, April 26th. USA Compression Partners’s dividend payout ratio (DPR) is -488.37%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. First Foundation Advisors purchased a new position in shares of USA Compression Partners in the 4th quarter valued at $143,000. Ladenburg Thalmann Financial Services Inc. grew its position in shares of USA Compression Partners by 179.5% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,608 shares of the oil and gas company’s stock valued at $150,000 after buying an additional 6,170 shares during the last quarter. Advisor Group Inc. grew its position in shares of USA Compression Partners by 11.2% in the 4th quarter. Advisor Group Inc. now owns 11,631 shares of the oil and gas company’s stock valued at $151,000 after buying an additional 1,170 shares during the last quarter. Tortoise Index Solutions LLC grew its position in shares of USA Compression Partners by 104.6% in the 4th quarter. Tortoise Index Solutions LLC now owns 11,718 shares of the oil and gas company’s stock valued at $152,000 after buying an additional 5,992 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of USA Compression Partners in the 4th quarter valued at $156,000. 34.34% of the stock is currently owned by hedge funds and other institutional investors.
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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