USA Compression Partners, LP (NYSE:USAC) Issues Earnings Results
USA Compression Partners, LP (NYSE:USAC) issued its quarterly earnings data on Wednesday. The oil and gas company reported $0.05 EPS for the quarter, hitting analysts’ consensus estimates of $0.05, reports. The firm had revenue of $66 million during the quarter, compared to analyst estimates of $65.85 million. USA Compression Partners, had a return on equity of 1.76% and a net margin of 2.24%. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.05 EPS.
Shares of USA Compression Partners, (NYSE USAC) traded down 8.94% during trading on Friday, hitting $14.77. The stock had a trading volume of 401,848 shares. The stock has a 50 day moving average of $16.80 and a 200 day moving average of $17.08. USA Compression Partners, has a 52-week low of $14.09 and a 52-week high of $19.78. The firm has a market cap of $903.60 million, a PE ratio of 182.35 and a beta of 1.16.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 11th. Stockholders of record on Tuesday, August 1st will be paid a $0.525 dividend. The ex-dividend date is Friday, July 28th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 14.22%. USA Compression Partners,’s payout ratio is presently 2,625.33%.
A number of analysts have commented on USAC shares. Zacks Investment Research lowered USA Compression Partners, from a “hold” rating to a “sell” rating in a report on Wednesday, April 19th. Royal Bank Of Canada reissued a “hold” rating and set a $20.00 price objective on shares of USA Compression Partners, in a report on Friday, April 21st. Finally, BidaskClub raised USA Compression Partners, from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th.
About USA Compression Partners,
USA Compression Partners, LP is an independent provider of compression services in the United States. The Company provides compression services to its customers primarily in connection with infrastructure applications, including both allowing for the processing and transportation of natural gas through the domestic pipeline system and managing crude oil production through artificial lift processes.
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