USA Compression Partners (NYSE:USAC) posted its quarterly earnings results on Tuesday. The oil and gas company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.06), MarketWatch Earnings reports. The firm had revenue of $168.90 million for the quarter, compared to the consensus estimate of $170.93 million. USA Compression Partners had a positive return on equity of 2.24% and a negative net margin of 0.72%. The firm’s revenue was up 132.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 EPS.
USAC traded up $0.37 during trading on Wednesday, reaching $14.55. 3,730 shares of the company were exchanged, compared to its average volume of 262,916. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 90.28 and a beta of 1.20. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.86 and a current ratio of 1.39. USA Compression Partners has a 12-month low of $14.01 and a 12-month high of $19.33.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 9th. Investors of record on Monday, October 29th will be issued a dividend of $0.525 per share. This is a boost from USA Compression Partners’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Friday, October 26th. This represents a $2.10 dividend on an annualized basis and a yield of 14.43%. USA Compression Partners’s dividend payout ratio is 1,312.50%.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. OppenheimerFunds Inc. lifted its holdings in USA Compression Partners by 21.9% during the 2nd quarter. OppenheimerFunds Inc. now owns 9,020,191 shares of the oil and gas company’s stock worth $151,810,000 after purchasing an additional 1,618,796 shares in the last quarter. Perella Weinberg Partners Capital Management LP lifted its holdings in USA Compression Partners by 134.8% during the 2nd quarter. Perella Weinberg Partners Capital Management LP now owns 1,051,564 shares of the oil and gas company’s stock worth $17,698,000 after purchasing an additional 603,657 shares in the last quarter. First Trust Advisors LP lifted its holdings in USA Compression Partners by 30.4% during the 3rd quarter. First Trust Advisors LP now owns 530,605 shares of the oil and gas company’s stock worth $8,760,000 after purchasing an additional 123,621 shares in the last quarter. Bank of America Corp DE lifted its holdings in USA Compression Partners by 122.7% during the 2nd quarter. Bank of America Corp DE now owns 463,227 shares of the oil and gas company’s stock worth $7,796,000 after purchasing an additional 255,201 shares in the last quarter. Finally, Dividend Assets Capital LLC purchased a new stake in USA Compression Partners during the 3rd quarter worth about $5,591,000. 42.53% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have recently weighed in on USAC shares. Zacks Investment Research upgraded USA Compression Partners from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research note on Wednesday, October 17th. B. Riley reiterated a “buy” rating and set a $21.00 price target on shares of USA Compression Partners in a research note on Friday, August 31st. ValuEngine upgraded USA Compression Partners from a “hold” rating to a “buy” rating in a research note on Wednesday, August 8th. Wells Fargo & Co cut their price target on USA Compression Partners from $20.00 to $19.00 and set a “market perform” rating for the company in a research note on Thursday, September 13th. Finally, Royal Bank of Canada upgraded USA Compression Partners from a “sector perform” rating to an “outperform” rating and set a $21.00 price target for the company in a research note on Wednesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. USA Compression Partners has a consensus rating of “Buy” and a consensus target price of $20.71.
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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.
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