Zacks: Analysts Expect USA Compression Partners LP (USAC) Will Post Quarterly Sales of $172.75 Million

Equities research analysts expect USA Compression Partners LP (NYSE:USAC) to post $172.75 million in sales for the current quarter, according to Zacks. Four analysts have provided estimates for USA Compression Partners’ earnings, with the highest sales estimate coming in at $175.10 million and the lowest estimate coming in at $169.80 million. USA Compression Partners posted sales of $75.39 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 129.1%. The business is expected to report its next quarterly earnings report on Monday, February 11th.

On average, analysts expect that USA Compression Partners will report full-year sales of $585.59 million for the current year, with estimates ranging from $583.40 million to $588.70 million. For the next fiscal year, analysts expect that the firm will post sales of $714.13 million, with estimates ranging from $685.00 million to $732.10 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow USA Compression Partners.

USA Compression Partners (NYSE:USAC) last announced its quarterly earnings data on Tuesday, November 6th. The oil and gas company reported ($0.10) earnings per share (EPS) 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 business had revenue of $168.90 million for the quarter, compared to analysts’ expectations of $170.93 million. During the same period in the prior year, the company posted $0.07 EPS. The firm’s revenue was up 132.0% on a year-over-year basis.

Several equities analysts have weighed in on USAC shares. Wells Fargo & Co set a $18.00 target price on shares of USA Compression Partners and gave the company a “hold” rating in a report on Friday, November 9th. Royal Bank of Canada upgraded shares of USA Compression Partners from a “sector perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a report on Wednesday, November 7th. Zacks Investment Research lowered shares of USA Compression Partners from a “buy” rating to a “hold” rating in a report on Wednesday, October 24th. ValuEngine upgraded shares of USA Compression Partners from a “hold” rating to a “buy” rating in a report on Wednesday, August 8th. Finally, B. Riley set a $21.00 target price on shares of USA Compression Partners and gave the company a “buy” rating in a report on Tuesday, November 6th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $20.57.

In other news, insider Eric D. Long bought 40,000 shares of the firm’s stock in a transaction on Tuesday, November 13th. The shares were bought at an average cost of $13.89 per share, for a total transaction of $555,600.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider William G. Manias bought 5,000 shares of the firm’s stock in a transaction on Thursday, November 15th. The stock was purchased at an average price of $13.40 per share, for a total transaction of $67,000.00. The disclosure for this purchase can be found here.

A number of large investors have recently bought and sold shares of the business. Stephens Inc. AR acquired a new position in shares of USA Compression Partners in the 2nd quarter worth approximately $198,000. Partnervest Advisory Services LLC acquired a new position in shares of USA Compression Partners in the 2nd quarter worth approximately $233,000. Jane Street Group LLC acquired a new position in shares of USA Compression Partners in the 2nd quarter worth approximately $285,000. Fort Washington Investment Advisors Inc. OH acquired a new position in shares of USA Compression Partners in the 3rd quarter worth approximately $291,000. Finally, B. Riley Financial Inc. acquired a new position in shares of USA Compression Partners in the 2nd quarter worth approximately $394,000. Institutional investors own 37.30% of the company’s stock.

Shares of NYSE USAC opened at $14.58 on Wednesday. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.32 and a quick ratio of 0.84. The stock has a market cap of $1.30 billion, a P/E ratio of 91.13 and a beta of 1.21. USA Compression Partners has a 12-month low of $12.90 and a 12-month high of $19.33.

The company also recently announced a quarterly dividend, which was paid on Friday, November 9th. Shareholders of record on Monday, October 29th were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 14.40%. This is a positive change from USA Compression Partners’s previous quarterly dividend of $0.51. The ex-dividend date was Friday, October 26th. USA Compression Partners’s payout ratio is presently 1,312.50%.

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.

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