Analysts Anticipate USA Compression Partners LP (USAC) to Post -$0.01 Earnings Per Share

Brokerages expect that USA Compression Partners LP (NYSE:USAC) will announce earnings of ($0.01) per share for the current quarter, Zacks reports. Four analysts have made estimates for USA Compression Partners’ earnings, with estimates ranging from ($0.03) to $0.01. USA Compression Partners posted earnings of $0.07 per share during the same quarter last year, which indicates a negative year over year growth rate of 114.3%. The firm is expected to issue its next quarterly earnings results on Monday, February 11th.

On average, analysts expect that USA Compression Partners will report full year earnings of ($0.39) per share for the current financial year, with EPS estimates ranging from ($0.50) to ($0.26). For the next year, analysts forecast that the firm will report earnings of $0.18 per share, with EPS estimates ranging from $0.00 to $0.48. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that that provide coverage for USA Compression Partners.

USA Compression Partners (NYSE:USAC) last released its earnings results on Tuesday, November 6th. The oil and gas company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.06). USA Compression Partners had a negative net margin of 1.67% and a positive return on equity of 1.31%. The company had revenue of $168.90 million during the quarter, compared to analyst estimates of $170.93 million. During the same period in the previous year, the company posted $0.07 EPS. The company’s quarterly revenue was up 132.0% compared to the same quarter last year.

A number of equities research analysts have recently commented on USAC shares. Wells Fargo & Co dropped their price target on USA Compression Partners from $20.00 to $19.00 and set a “market perform” rating on the stock in a research report on Thursday, September 13th. Royal Bank of Canada raised USA Compression Partners from a “sector perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a research report on Wednesday. B. Riley set a $21.00 price target on USA Compression Partners and gave the stock a “buy” rating in a research report on Tuesday. Zacks Investment Research lowered USA Compression Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, October 24th. Finally, ValuEngine raised USA Compression Partners from a “hold” rating to a “buy” rating in a research report on Wednesday, August 8th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. USA Compression Partners has an average rating of “Buy” and a consensus target price of $20.57.

NYSE:USAC traded down $0.14 during mid-day trading on Friday, hitting $14.53. The company had a trading volume of 239,425 shares, compared to its average volume of 309,842. USA Compression Partners has a fifty-two week low of $14.01 and a fifty-two week high of $19.33. The company has a current ratio of 1.32, a quick ratio of 0.86 and a debt-to-equity ratio of 1.21. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 90.81 and a beta of 1.20.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 9th. Stockholders of record on Monday, October 29th were given a dividend of $0.525 per share. The ex-dividend date was Friday, October 26th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 14.45%. This is a positive change from USA Compression Partners’s previous quarterly dividend of $0.51. USA Compression Partners’s dividend payout ratio (DPR) is currently 1,312.50%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. OppenheimerFunds Inc. grew its holdings in shares of USA Compression Partners by 21.9% during the second quarter. OppenheimerFunds Inc. now owns 9,020,191 shares of the oil and gas company’s stock worth $151,810,000 after buying an additional 1,618,796 shares in the last quarter. Perella Weinberg Partners Capital Management LP grew its stake in USA Compression Partners by 134.8% in the second quarter. Perella Weinberg Partners Capital Management LP now owns 1,051,564 shares of the oil and gas company’s stock valued at $17,698,000 after purchasing an additional 603,657 shares in the last quarter. Dividend Assets Capital LLC bought a new position in USA Compression Partners in the third quarter valued at approximately $5,591,000. Bank of America Corp DE grew its stake in USA Compression Partners by 122.7% in the second quarter. Bank of America Corp DE now owns 463,227 shares of the oil and gas company’s stock valued at $7,796,000 after purchasing an additional 255,201 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in USA Compression Partners in the second quarter valued at approximately $3,302,000. 42.53% 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.

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