USA Compression Partners, LP (USAC) To Go Ex-Dividend on October 27th

USA Compression Partners, LP (NYSE:USAC) announced a quarterly dividend on Thursday, October 16th. Investors of record on Monday, October 27th will be paid a dividend of 0.525 per share by the oil and gas company on Friday, November 7th. This represents a c) dividend on an annualized basis and a yield of 9.1%. The ex-dividend date of this dividend is Monday, October 27th.

USA Compression Partners has a payout ratio of 185.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect USA Compression Partners to earn $1.26 per share next year, which means the company may not be able to cover its $2.10 annual dividend with an expected future payout ratio of 166.7%.

USA Compression Partners Price Performance

Shares of USAC opened at $23.05 on Friday. The firm has a market cap of $2.83 billion, a PE ratio of 34.40 and a beta of 0.35. USA Compression Partners has a 1 year low of $21.24 and a 1 year high of $30.10. The stock’s fifty day moving average price is $23.67 and its two-hundred day moving average price is $24.26.

USA Compression Partners (NYSE:USAC) last announced its quarterly earnings data on Wednesday, August 6th. The oil and gas company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.01. The company had revenue of $250.13 million during the quarter, compared to analyst estimates of $246.99 million. USA Compression Partners had a negative return on equity of 71.82% and a net margin of 9.56%. Sell-side analysts anticipate that USA Compression Partners will post 1.05 earnings per share for the current fiscal year.

Institutional Trading of USA Compression Partners

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. grew its position in USA Compression Partners by 14.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 56,168 shares of the oil and gas company’s stock worth $1,515,000 after buying an additional 7,293 shares in the last quarter. Jump Financial LLC purchased a new position in USA Compression Partners during the first quarter worth about $699,000. Invesco Ltd. grew its position in USA Compression Partners by 0.7% during the first quarter. Invesco Ltd. now owns 12,360,573 shares of the oil and gas company’s stock worth $333,488,000 after buying an additional 86,122 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in USA Compression Partners by 32.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,651,264 shares of the oil and gas company’s stock worth $125,491,000 after buying an additional 1,141,556 shares in the last quarter. Finally, SeaCrest Wealth Management LLC grew its position in USA Compression Partners by 149.0% during the second quarter. SeaCrest Wealth Management LLC now owns 24,400 shares of the oil and gas company’s stock worth $593,000 after buying an additional 14,600 shares in the last quarter. 47.77% of the stock is currently owned by institutional investors.

About USA Compression Partners

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.