USA Compression Partners LP (USAC) To Go Ex-Dividend on April 19th

USA Compression Partners LP (NYSE:USAC) announced a quarterly dividend on Thursday, April 11th, Wall Street Journal reports. Investors of record on Monday, April 22nd will be given a dividend of 0.525 per share by the oil and gas company on Friday, May 3rd. This represents a $2.10 dividend on an annualized basis and a yield of 8.40%. The ex-dividend date of this dividend is Friday, April 19th.

USA Compression Partners has a dividend payout ratio of 247.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect USA Compression Partners to earn $0.86 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 244.2%.

USA Compression Partners Stock Down 0.4 %

USA Compression Partners stock opened at $24.99 on Wednesday. USA Compression Partners has a 52-week low of $18.48 and a 52-week high of $28.47. The company has a market cap of $2.57 billion, a P/E ratio of 119.01 and a beta of 1.30. The business has a 50-day simple moving average of $25.91 and a two-hundred day simple moving average of $25.20.

USA Compression Partners (NYSE:USAC) last issued its quarterly earnings data on Tuesday, February 13th. The oil and gas company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02). The business had revenue of $225.05 million for the quarter, compared to the consensus estimate of $221.50 million. USA Compression Partners had a net margin of 8.07% and a negative return on equity of 31.81%. During the same period in the previous year, the firm earned ($0.04) EPS. Research analysts anticipate that USA Compression Partners will post 0.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Raymond James upped their price objective on USA Compression Partners from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Tuesday. StockNews.com lowered shares of USA Compression Partners from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. Finally, Mizuho lifted their target price on USA Compression Partners from $22.00 to $23.00 and gave the stock an “underperform” rating in a report on Wednesday, February 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, USA Compression Partners currently has an average rating of “Hold” and a consensus target price of $24.75.

Insiders Place Their Bets

In related news, insider Eric D. Long sold 34,866 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $24.54, for a total transaction of $855,611.64. Following the completion of the transaction, the insider now owns 469,019 shares of the company’s stock, valued at $11,509,726.26. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, major shareholder Veteran Equity Aggregator Eig sold 5,889,297 shares of the firm’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $25.12, for a total transaction of $147,939,140.64. Following the sale, the insider now directly owns 5,882,528 shares in the company, valued at approximately $147,769,103.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Eric D. Long sold 34,866 shares of USA Compression Partners stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $24.54, for a total value of $855,611.64. Following the completion of the transaction, the insider now owns 469,019 shares of the company’s stock, valued at approximately $11,509,726.26. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,755,566 shares of company stock valued at $194,685,337.

Institutional Investors Weigh In On USA Compression Partners

Institutional investors have recently added to or reduced their stakes in the stock. CreativeOne Wealth LLC raised its holdings in shares of USA Compression Partners by 2.4% during the second quarter. CreativeOne Wealth LLC now owns 22,962 shares of the oil and gas company’s stock valued at $453,000 after acquiring an additional 535 shares during the last quarter. LPL Financial LLC boosted its stake in USA Compression Partners by 6.1% during the 4th quarter. LPL Financial LLC now owns 13,971 shares of the oil and gas company’s stock worth $273,000 after purchasing an additional 798 shares during the last quarter. Belpointe Asset Management LLC grew its holdings in shares of USA Compression Partners by 232.9% during the first quarter. Belpointe Asset Management LLC now owns 1,235 shares of the oil and gas company’s stock worth $26,000 after buying an additional 864 shares in the last quarter. Osaic Holdings Inc. lifted its stake in shares of USA Compression Partners by 0.5% in the second quarter. Osaic Holdings Inc. now owns 279,508 shares of the oil and gas company’s stock worth $5,518,000 after buying an additional 1,451 shares in the last quarter. Finally, Royal Bank of Canada boosted its position in USA Compression Partners by 2.5% during the second quarter. Royal Bank of Canada now owns 67,539 shares of the oil and gas company’s stock worth $1,333,000 after acquiring an additional 1,622 shares during the last quarter. Institutional investors and hedge funds own 47.77% 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.