Q3 2019 EPS Estimates for USA Compression Partners LP (NYSE:USAC) Reduced by Analyst

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USA Compression Partners LP (NYSE:USAC) – Equities researchers at Mitsubishi UFJ Financial Group reduced their Q3 2019 earnings per share estimates for USA Compression Partners in a research note issued on Tuesday, August 6th. Mitsubishi UFJ Financial Group analyst B. Blaschke now forecasts that the oil and gas company will post earnings of ($0.07) per share for the quarter, down from their prior forecast of ($0.05). Mitsubishi UFJ Financial Group also issued estimates for USA Compression Partners’ Q4 2019 earnings at ($0.06) EPS and FY2019 earnings at ($0.17) EPS.

Several other equities research analysts have also recently issued reports on the company. UBS Group set a $17.00 price target on USA Compression Partners and gave the company a “hold” rating in a research note on Wednesday. ValuEngine cut USA Compression Partners from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Zacks Investment Research upgraded USA Compression Partners from a “sell” rating to a “hold” rating in a research note on Friday, July 19th. Finally, Royal Bank of Canada set a $18.00 target price on USA Compression Partners and gave the stock a “buy” rating in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. USA Compression Partners currently has a consensus rating of “Buy” and an average price target of $19.29.

Shares of USAC stock opened at $15.40 on Friday. The company has a current ratio of 1.36, a quick ratio of 0.99 and a debt-to-equity ratio of 1.42. The company has a market capitalization of $1.41 billion, a PE ratio of -35.81 and a beta of 1.28. The company has a 50 day moving average of $17.72. USA Compression Partners has a 1 year low of $12.09 and a 1 year high of $19.00.

USA Compression Partners (NYSE:USAC) last issued its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.03. The business had revenue of $173.70 million during the quarter, compared to analysts’ expectations of $172.87 million. USA Compression Partners had a return on equity of 1.93% and a net margin of 3.82%. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.10) earnings per share.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Monday, July 29th were paid a dividend of $0.525 per share. The ex-dividend date was Friday, July 26th. This is a boost from USA Compression Partners’s previous quarterly dividend of $0.51. This represents a $2.10 annualized dividend and a yield of 13.64%. USA Compression Partners’s dividend payout ratio is presently -488.37%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in USAC. Jane Street Group LLC bought a new stake in shares of USA Compression Partners in the 4th quarter valued at approximately $435,000. Spirit of America Management Corp NY increased its holdings in shares of USA Compression Partners by 8.6% in the 1st quarter. Spirit of America Management Corp NY now owns 880,379 shares of the oil and gas company’s stock valued at $13,743,000 after acquiring an additional 69,500 shares during the last quarter. Chicago Partners Investment Group LLC increased its holdings in shares of USA Compression Partners by 1.5% in the 1st quarter. Chicago Partners Investment Group LLC now owns 72,851 shares of the oil and gas company’s stock valued at $1,270,000 after acquiring an additional 1,081 shares during the last quarter. Duff & Phelps Investment Management Co. increased its holdings in shares of USA Compression Partners by 25.0% in the 1st quarter. Duff & Phelps Investment Management Co. now owns 275,000 shares of the oil and gas company’s stock valued at $4,293,000 after acquiring an additional 55,000 shares during the last quarter. Finally, Albert D Mason Inc. increased its holdings in shares of USA Compression Partners by 4.9% in the 1st quarter. Albert D Mason Inc. now owns 32,416 shares of the oil and gas company’s stock valued at $506,000 after acquiring an additional 1,525 shares during the last quarter. Hedge funds and other institutional investors own 34.13% of the company’s stock.

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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Earnings History and Estimates for USA Compression Partners (NYSE:USAC)

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