USA Compression Partners (NYSE:USAC) Announces Quarterly Earnings Results, Beats Estimates By $0.04 EPS

USA Compression Partners (NYSE:USAC) released its quarterly earnings data on Wednesday. The oil and gas company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.04, Zacks reports. USA Compression Partners had a net margin of 10.99% and a negative return on equity of 77.16%. The company had revenue of $250.26 million during the quarter, compared to analyst estimates of $250.23 million.

USA Compression Partners Price Performance

Shares of NYSE USAC traded down $0.24 during midday trading on Friday, reaching $23.89. 47,441 shares of the company traded hands, compared to its average volume of 291,549. The company has a market cap of $2.93 billion, a price-to-earnings ratio of 29.84 and a beta of 0.36. The stock has a 50-day moving average price of $23.38 and a 200 day moving average price of $24.16. USA Compression Partners has a 52 week low of $21.53 and a 52 week high of $30.10.

USA Compression Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Monday, October 27th will be issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 8.8%. The ex-dividend date of this dividend is Monday, October 27th. USA Compression Partners’s dividend payout ratio is 262.50%.

Institutional Trading of USA Compression Partners

Several institutional investors have recently modified their holdings of USAC. Goldman Sachs Group Inc. raised its holdings in shares of USA Compression Partners by 82.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,863,377 shares of the oil and gas company’s stock valued at $77,254,000 after purchasing an additional 1,296,339 shares in the last quarter. Raymond James Financial Inc. lifted its stake in shares of USA Compression Partners by 1.5% in the second quarter. Raymond James Financial Inc. now owns 548,743 shares of the oil and gas company’s stock valued at $13,340,000 after buying an additional 8,169 shares during the period. HRT Financial LP bought a new stake in shares of USA Compression Partners during the second quarter valued at approximately $1,555,000. Finally, Corient Private Wealth LLC increased its stake in USA Compression Partners by 131.7% in the second quarter. Corient Private Wealth LLC now owns 412,900 shares of the oil and gas company’s stock valued at $10,038,000 after acquiring an additional 234,730 shares during the period. Institutional investors and hedge funds own 47.77% of the company’s stock.

Analysts Set New Price Targets

Separately, Mizuho increased their price target on USA Compression Partners from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Friday, August 29th. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, USA Compression Partners presently has an average rating of “Reduce” and an average price target of $25.50.

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.