Usa Compression Partners (USAC) Announces Quarterly Earnings, Beats Estimates By $0.07 EPS
Usa Compression Partners (NASDAQ:USAC) released its earnings data on Tuesday. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.07, Stock Ratings Network.com reports. The company had revenue of $53.27 million for the quarter, compared to the consensus estimate of $53.53 million.
Shares of Usa Compression Partners (NASDAQ:USAC) opened at 24.54 on Tuesday. Usa Compression Partners has a 52 week low of $22.07 and a 52 week high of $28.73. The stock’s 50-day moving average is $25.10 and its 200-day moving average is $26.11. The company has a market cap of $936.1 million and a P/E ratio of 64.19.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, August 14th. Stockholders of record on Monday, August 4th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 8.15%. The ex-dividend date is Thursday, July 31st. This is a boost from Usa Compression Partners’s previous quarterly dividend of $0.49.
A number of research firms have recently commented on USAC. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Usa Compression Partners in a research note on Monday, June 23rd. They now have a $32.00 price target on the stock, up previously from $31.00. Analysts at Ladenburg Thalmann initiated coverage on shares of Usa Compression Partners in a research note on Wednesday, June 18th. They set a “buy” rating and a $35.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Usa Compression Partners presently has an average rating of “Buy” and a consensus target price of $32.20.
USA Compression Partners, LP through its wholly owned subsidiary USA Compression Partners, LLC (NASDAQ:USAC) and Operating Subsidiary’s wholly owned subsidiary USAC Leasing LLC, primarily provides natural gas compression services under term contracts with customers in the oil and gas industry, using natural gas compressor packages that it designs, engineers, operates and maintains.
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