Wall Street brokerages forecast that USA Compression Partners LP (NYSE:USAC) will report ($0.04) earnings per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for USA Compression Partners’ earnings, with the highest EPS estimate coming in at $0.00 and the lowest estimate coming in at ($0.09). USA Compression Partners posted earnings per share of $0.07 in the same quarter last year, which would suggest a negative year-over-year growth rate of 157.1%. The firm is expected to issue its next earnings report on Monday, February 11th.
On average, 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 financial year, analysts forecast that the firm will post earnings of $0.01 per share, with EPS estimates ranging from ($0.27) to $0.48. Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for USA Compression Partners.
USA Compression Partners (NYSE:USAC) last posted its earnings results on Tuesday, November 6th. The oil and gas company reported ($0.10) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.06). The business 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 company’s quarterly revenue was up 132.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.07 earnings per share.
In other news, insider William G. Manias bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 15th. The shares were acquired at an average cost of $13.40 per share, with a total value of $67,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Eric D. Long bought 40,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 13th. The shares were purchased at an average cost of $13.89 per share, for a total transaction of $555,600.00. The disclosure for this purchase can be found here.
A number of hedge funds have recently added to or reduced their stakes in USAC. Wells Fargo & Company MN grew its position in USA Compression Partners by 41.8% during the first quarter. Wells Fargo & Company MN now owns 16,784 shares of the oil and gas company’s stock worth $284,000 after buying an additional 4,949 shares in the last quarter. Royal Bank of Canada grew its position in USA Compression Partners by 19.1% during the first quarter. Royal Bank of Canada now owns 31,715 shares of the oil and gas company’s stock worth $537,000 after buying an additional 5,091 shares in the last quarter. Ipswich Investment Management Co. Inc. acquired a new stake in USA Compression Partners during the second quarter worth about $247,000. Perella Weinberg Partners Capital Management LP grew its position in USA Compression Partners by 134.8% during the second quarter. Perella Weinberg Partners Capital Management LP now owns 1,051,564 shares of the oil and gas company’s stock worth $17,698,000 after buying an additional 603,657 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its position in USA Compression Partners by 32.2% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 230,008 shares of the oil and gas company’s stock worth $3,871,000 after buying an additional 56,025 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:USAC traded up $0.20 during midday trading on Friday, hitting $13.65. The company’s stock had a trading volume of 190,816 shares, compared to its average volume of 331,049. The company has a market cap of $1.23 billion, a P/E ratio of 85.31 and a beta of 1.20. USA Compression Partners has a fifty-two week low of $13.05 and a fifty-two week high of $19.33. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.84 and a current ratio of 1.32.
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 $0.525 dividend. This is an increase from USA Compression Partners’s previous quarterly dividend of $0.51. This represents a $2.10 annualized dividend and a dividend yield of 15.38%. The ex-dividend date of this dividend was Friday, October 26th. USA Compression Partners’s dividend payout ratio (DPR) is currently 1,312.50%.
USA Compression Partners Company Profile
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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