USA Compression Partners (NYSE:USAC) Announces Quarterly Earnings Results

USA Compression Partners (NYSE:USAC) announced its quarterly earnings results on Tuesday. The oil and gas company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.03, FiscalAI reports. The firm had revenue of $342.15 million for the quarter, compared to the consensus estimate of $340.49 million. USA Compression Partners had a net margin of 11.91% and a negative return on equity of 807.33%.

USA Compression Partners Price Performance

NYSE:USAC traded up $0.04 during trading hours on Tuesday, hitting $25.74. 37,175 shares of the stock traded hands, compared to its average volume of 224,005. The company has a quick ratio of 0.86, a current ratio of 1.55 and a debt-to-equity ratio of 9.41. USA Compression Partners has a 1 year low of $21.85 and a 1 year high of $30.55. The company has a market cap of $3.73 billion, a price-to-earnings ratio of 26.58 and a beta of 0.22. The stock has a 50 day moving average price of $26.71 and a 200 day moving average price of $27.04.

USA Compression Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Monday, July 27th will be paid a dividend of $0.525 per share. The ex-dividend date is Monday, July 27th. This represents a $2.10 dividend on an annualized basis and a yield of 8.2%. USA Compression Partners’s dividend payout ratio (DPR) is presently 216.49%.

Analyst Upgrades and Downgrades

USAC has been the topic of a number of research reports. Citigroup raised their price target on USA Compression Partners from $26.00 to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 13th. Royal Bank Of Canada upped their price objective on USA Compression Partners from $29.00 to $30.00 and gave the company a “sector perform” rating in a research report on Friday, June 5th. Zacks Research cut USA Compression Partners from a “hold” rating to a “strong sell” rating in a research report on Monday, July 6th. Finally, Mizuho raised their target price on USA Compression Partners from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, USA Compression Partners has an average rating of “Hold” and an average price target of $29.25.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of USAC. Royal Bank of Canada boosted its position in USA Compression Partners by 0.4% in the 4th quarter. Royal Bank of Canada now owns 127,146 shares of the oil and gas company’s stock valued at $2,924,000 after buying an additional 521 shares during the period. Commonwealth Equity Services LLC grew its stake in USA Compression Partners by 5.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 13,482 shares of the oil and gas company’s stock worth $310,000 after acquiring an additional 724 shares in the last quarter. Kestra Advisory Services LLC increased its position in shares of USA Compression Partners by 1.7% during the fourth quarter. Kestra Advisory Services LLC now owns 45,800 shares of the oil and gas company’s stock worth $1,053,000 after acquiring an additional 758 shares during the period. BNP Paribas Financial Markets increased its position in shares of USA Compression Partners by 233.3% during the third quarter. BNP Paribas Financial Markets now owns 1,443 shares of the oil and gas company’s stock worth $35,000 after acquiring an additional 1,010 shares during the period. Finally, Mariner LLC raised its stake in shares of USA Compression Partners by 8.6% during the fourth quarter. Mariner LLC now owns 16,565 shares of the oil and gas company’s stock valued at $381,000 after acquiring an additional 1,313 shares in the last quarter. Hedge funds and other institutional investors own 47.77% of the company’s stock.

About USA Compression Partners

USA Compression Partners (NYSE: USAC) is a Houston-based master limited partnership specializing in natural gas compression services for oil and gas producers. The company offers a full suite of midstream compression solutions designed to enhance production flow and optimize field operations. Its core activities include the design, engineering, fabrication, installation, operation and maintenance of natural gas compression equipment onshore across key U.S. basins.

USA Compression’s product and service offerings encompass new equipment deployment, aftermarket parts and component sales, field service support, and instrumentation and control systems.