USA Compression Partners (NYSE:USAC) Releases Quarterly Earnings Results, Misses Expectations By $0.07 EPS

USA Compression Partners (NYSE:USAC) issued its quarterly earnings data on Tuesday. The oil and gas company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.07), Zacks reports. USA Compression Partners had a negative return on equity of 47.53% and a net margin of 9.36%. The business had revenue of $239.97 million for the quarter, compared to analysts’ expectations of $238.37 million. During the same period last year, the business earned $0.09 earnings per share.

USA Compression Partners Price Performance

Shares of USAC stock opened at $23.12 on Friday. The firm’s 50-day simple moving average is $22.48 and its 200-day simple moving average is $23.19. USA Compression Partners has a 1-year low of $21.06 and a 1-year high of $28.47. The firm has a market cap of $2.71 billion, a P/E ratio of 40.56 and a beta of 1.32.

USA Compression Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Monday, October 21st were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 9.08%. The ex-dividend date was Monday, October 21st. USA Compression Partners’s dividend payout ratio (DPR) is 368.43%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on USAC shares. Mizuho dropped their price target on USA Compression Partners from $25.00 to $24.00 and set a “neutral” rating for the company in a research report on Wednesday, October 2nd. Royal Bank of Canada upped their target price on shares of USA Compression Partners from $26.00 to $27.00 and gave the company a “sector perform” rating in a report on Wednesday, October 16th. StockNews.com downgraded shares of USA Compression Partners from a “buy” rating to a “hold” rating in a report on Thursday, July 11th. Finally, Citigroup began coverage on shares of USA Compression Partners in a research note on Friday, September 27th. They set a “neutral” rating and a $23.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $26.00.

Insider Activity at USA Compression Partners

In other USA Compression Partners news, insider Eric D. Long sold 1,786 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $22.81, for a total transaction of $40,738.66. Following the transaction, the insider now owns 307,026 shares of the company’s stock, valued at $7,003,263.06. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider Eric D. Long sold 21,396 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $22.27, for a total transaction of $476,488.92. Following the transaction, the insider now directly owns 1,786 shares of the company’s stock, valued at approximately $39,774.22. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Eric D. Long sold 1,786 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $22.81, for a total transaction of $40,738.66. Following the completion of the transaction, the insider now owns 307,026 shares of the company’s stock, valued at $7,003,263.06. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

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.