USA Compression Partners LP (USAC) Expected to Post Earnings of -$0.04 Per Share

Equities analysts expect USA Compression Partners LP (NYSE:USAC) to post ($0.04) earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for USA Compression Partners’ earnings. The highest EPS estimate is $0.00 and the lowest is ($0.09). USA Compression Partners posted earnings per share of $0.07 during the same quarter last year, which indicates a negative year over year growth rate of 157.1%. The firm is expected to announce its next quarterly earnings report on Monday, February 11th.

According to Zacks, analysts expect that USA Compression Partners will report full year earnings of ($0.46) per share for the current year, with EPS estimates ranging from ($0.50) to ($0.42). For the next fiscal year, analysts anticipate that the business will report earnings of $0.01 per share, with EPS estimates ranging from ($0.27) to $0.48. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for USA Compression Partners.

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

Several analysts have commented on USAC shares. B. Riley restated a “buy” rating and set a $21.00 target price on shares of USA Compression Partners in a report on Friday, August 31st. Mitsubishi UFJ Financial Group initiated coverage on shares of USA Compression Partners in a report on Wednesday, September 5th. They set an “overweight” rating and a $22.00 target price on the stock. Wells Fargo & Co lowered their price objective on shares of USA Compression Partners from $20.00 to $19.00 and set a “market perform” rating on the stock in a report on Thursday, September 13th. Zacks Investment Research downgraded shares of USA Compression Partners from a “buy” rating to a “hold” rating in a report on Tuesday, September 18th. Finally, Royal Bank of Canada upgraded shares of USA Compression Partners from a “sector perform” rating to an “outperform” rating and set a $21.00 price objective on the stock in a report on Wednesday, November 7th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $20.57.

In other news, insider Eric D. Long bought 40,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 13th. The stock was acquired at an average cost of $13.89 per share, with a total value of $555,600.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider William G. Manias acquired 5,000 shares of USA Compression Partners stock in a transaction on Thursday, November 15th. The shares were bought at an average cost of $13.40 per share, with a total value of $67,000.00. The disclosure for this purchase can be found here.

Hedge funds have recently added to or reduced their stakes in the business. Stephens Inc. AR bought a new position in USA Compression Partners during the second quarter worth $198,000. Partnervest Advisory Services LLC bought a new position in USA Compression Partners during the second quarter worth $233,000. Jane Street Group LLC bought a new position in USA Compression Partners during the second quarter worth $285,000. Fort Washington Investment Advisors Inc. OH bought a new position in USA Compression Partners during the third quarter worth $291,000. Finally, B. Riley Financial Inc. bought a new position in USA Compression Partners during the second quarter worth $394,000. 37.30% of the stock is owned by hedge funds and other institutional investors.

USAC stock traded up $0.32 during mid-day trading on Monday, hitting $14.78. 387,355 shares of the company were exchanged, compared to its average volume of 331,645. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.84 and a current ratio of 1.32. USA Compression Partners has a 1-year low of $12.90 and a 1-year high of $19.33.

The company also recently announced a quarterly dividend, which was paid on Friday, November 9th. Investors of record on Monday, October 29th were paid a $0.525 dividend. The ex-dividend date was Friday, October 26th. This is a boost from USA Compression Partners’s previous quarterly dividend of $0.51. This represents a $2.10 annualized dividend and a dividend yield of 14.21%. USA Compression Partners’s dividend payout ratio (DPR) is currently 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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Earnings History and Estimates for USA Compression Partners (NYSE:USAC)

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