USA Compression Partners LP (NYSE:USAC) Increases Dividend to $0.53 Per Share

USA Compression Partners LP (NYSE:USAC) announced a dividend on Monday, April 21st, investing.com reports. Shareholders of record on Tuesday, April 29th will be given a dividend of 0.525 per share by the oil and gas company on Friday, May 9th. This represents a yield of 8.33%. The ex-dividend date is Monday, April 28th. This is a 2.9% increase from USA Compression Partners’s previous dividend of $0.51.

USA Compression Partners has a payout ratio of 178.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect USA Compression Partners to earn $1.26 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 166.7%.

USA Compression Partners Stock Performance

NYSE USAC opened at $25.24 on Monday. USA Compression Partners has a one year low of $21.06 and a one year high of $30.10. The company has a 50-day simple moving average of $26.16 and a 200-day simple moving average of $24.62. The firm has a market capitalization of $2.97 billion, a PE ratio of 34.58 and a beta of 0.84.

USA Compression Partners (NYSE:USAC) last issued its earnings results on Tuesday, February 11th. The oil and gas company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.06). USA Compression Partners had a net margin of 10.48% and a negative return on equity of 62.46%. Equities analysts forecast that USA Compression Partners will post 1.05 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on USAC. Mizuho increased their target price on USA Compression Partners from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. increased their price objective on shares of USA Compression Partners from $23.00 to $24.00 and gave the stock an “underweight” rating in a report on Tuesday, March 11th. Finally, Citigroup upped their target price on shares of USA Compression Partners from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $26.00.

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.