Zacks: Brokerages Expect Usa Compression Partners LP (USAC) Will Post Quarterly Sales of $75.82 Million

Wall Street brokerages forecast that Usa Compression Partners LP (NYSE:USAC) will report $75.82 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Usa Compression Partners’ earnings, with the lowest sales estimate coming in at $74.90 million and the highest estimate coming in at $76.55 million. Usa Compression Partners posted sales of $74.91 million in the same quarter last year, which suggests a positive year over year growth rate of 1.2%. The company is expected to issue its next quarterly earnings results on Monday, February 12th.

According to Zacks, analysts expect that Usa Compression Partners will report full-year sales of $75.82 million for the current fiscal year, with estimates ranging from $279.74 million to $281.38 million. For the next fiscal year, analysts forecast that the firm will report sales of $321.14 million per share, with estimates ranging from $310.26 million to $334.31 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Usa Compression Partners.

Usa Compression Partners (NYSE:USAC) last posted its quarterly earnings results on Tuesday, November 7th. The oil and gas company reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.01). The firm had revenue of $72.79 million for the quarter, compared to analyst estimates of $68.82 million. Usa Compression Partners had a return on equity of 1.62% and a net margin of 3.63%. The business’s revenue was up 19.1% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.04) EPS.

Several research firms recently issued reports on USAC. Zacks Investment Research upgraded shares of Usa Compression Partners from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research report on Friday, November 10th. B. Riley set a $18.00 price target on shares of Usa Compression Partners and gave the stock a “neutral” rating in a research report on Monday, December 18th. Royal Bank of Canada increased their price objective on shares of Usa Compression Partners from $17.00 to $18.00 and gave the company a “sector perform” rating in a research note on Wednesday, November 8th. Finally, BidaskClub raised shares of Usa Compression Partners from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 27th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. Usa Compression Partners currently has a consensus rating of “Hold” and an average price target of $18.00.

Shares of Usa Compression Partners (USAC) opened at $17.62 on Wednesday. The company has a current ratio of 1.35, a quick ratio of 0.74 and a debt-to-equity ratio of 1.14. The stock has a market cap of $1,330.00, a P/E ratio of 117.47 and a beta of 1.22. Usa Compression Partners has a 52-week low of $14.30 and a 52-week high of $19.78.

Large investors have recently modified their holdings of the stock. Harvest Fund Advisors LLC lifted its stake in Usa Compression Partners by 21.1% in the 3rd quarter. Harvest Fund Advisors LLC now owns 2,245,460 shares of the oil and gas company’s stock valued at $37,544,000 after purchasing an additional 391,139 shares during the last quarter. HITE Hedge Asset Management LLC bought a new position in Usa Compression Partners in the 3rd quarter valued at approximately $471,000. Riverstone Holdings LLC lifted its stake in Usa Compression Partners by 1.9% in the 3rd quarter. Riverstone Holdings LLC now owns 24,327,534 shares of the oil and gas company’s stock valued at $406,756,000 after purchasing an additional 444,558 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Usa Compression Partners by 8.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,003,214 shares of the oil and gas company’s stock valued at $16,412,000 after purchasing an additional 79,270 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Usa Compression Partners by 14.4% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 225,539 shares of the oil and gas company’s stock valued at $3,771,000 after acquiring an additional 28,472 shares during the last quarter.

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Usa Compression Partners Company Profile

USA Compression Partners, LP is an independent provider of compression services in the United States. The Company provides compression services to its customers primarily in connection with infrastructure applications, including both allowing for the processing and transportation of natural gas through the domestic pipeline system and managing crude oil production through artificial lift processes.

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