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

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

USA Compression Partners Stock Up 2.9%

USAC traded up $0.67 during trading on Thursday, reaching $24.11. 369,340 shares of the company’s stock were exchanged, compared to its average volume of 267,959. USA Compression Partners has a fifty-two week low of $21.53 and a fifty-two week high of $30.10. The business has a 50 day moving average price of $23.38 and a 200 day moving average price of $24.16. The company has a market capitalization of $2.96 billion, a P/E ratio of 30.14 and a beta of 0.36.

USA Compression Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Monday, October 27th will be issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 8.7%. The ex-dividend date of this dividend is Monday, October 27th. USA Compression Partners’s dividend payout ratio (DPR) is presently 262.50%.

Institutional Investors Weigh In On USA Compression Partners

Institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. boosted its position in shares of 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 valued at $77,254,000 after acquiring an additional 1,296,339 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of USA Compression Partners by 1.5% during the 2nd quarter. Raymond James Financial Inc. now owns 548,743 shares of the oil and gas company’s stock valued at $13,340,000 after acquiring an additional 8,169 shares in the last quarter. Corient Private Wealth LLC boosted its holdings in 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 valued at $10,038,000 after purchasing an additional 234,730 shares in the last quarter. Finally, HRT Financial LP acquired a new stake in USA Compression Partners during the second quarter valued at approximately $1,555,000. Institutional investors and hedge funds own 47.77% of the company’s stock.

Analyst Ratings Changes

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

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.