USA Compression Partners LP Announces Quarterly Dividend of $0.53 (NYSE:USAC)

USA Compression Partners LP (NYSE:USAC) declared a quarterly dividend on Thursday, January 16th,RTT News reports. Shareholders of record on Monday, January 27th will be given a dividend of 0.525 per share by the oil and gas company on Friday, February 7th. This represents a $2.10 annualized dividend and a dividend yield of 8.24%.

USA Compression Partners has a payout ratio of 165.4% meaning 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 $1.02 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 205.9%.

USA Compression Partners Trading Up 1.2 %

USAC stock opened at $25.48 on Friday. The stock has a market cap of $2.98 billion, a P/E ratio of 44.70 and a beta of 1.34. The stock’s fifty day simple moving average is $23.41 and its two-hundred day simple moving average is $22.92. USA Compression Partners has a 1-year low of $21.06 and a 1-year high of $28.47.

USA Compression Partners (NYSE:USAC) last issued its earnings results on Tuesday, November 5th. The oil and gas company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.07). USA Compression Partners had a net margin of 9.36% and a negative return on equity of 47.53%. The firm had revenue of $239.97 million during the quarter, compared to the consensus estimate of $238.37 million. During the same quarter in the previous year, the firm earned $0.09 earnings per share. As a group, analysts forecast that USA Compression Partners will post 0.8 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $27.00 target price on shares of USA Compression Partners in a research note on Friday, November 22nd. Citigroup assumed coverage on shares of USA Compression Partners in a research report on Friday, September 27th. They set a “neutral” rating and a $23.00 price objective on the stock. Finally, Mizuho lowered their price target on shares of USA Compression Partners from $25.00 to $24.00 and set a “neutral” rating for the company in a research note on Wednesday, October 2nd. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $26.00.

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.