Usa Compression Partners (USAC) Posts Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Usa Compression Partners (NYSE:USAC) issued its quarterly earnings data on Monday. The oil and gas company reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.04), Morningstar.com reports. Usa Compression Partners had a return on equity of 1.62% and a net margin of 3.63%. The company had revenue of $75.40 million for the quarter, compared to the consensus estimate of $75.42 million. During the same period in the prior year, the company earned $0.05 EPS. The firm’s revenue was up .7% on a year-over-year basis.

Usa Compression Partners (USAC) opened at $17.90 on Monday. Usa Compression Partners has a 1-year low of $14.30 and a 1-year high of $19.33. The company has a market cap of $1,300.00, a price-to-earnings ratio of 114.27 and a beta of 1.26. 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 firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 14th. Investors of record on Friday, February 2nd will be issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 11.73%. The ex-dividend date is Thursday, February 1st. Usa Compression Partners’s payout ratio is 1,400.00%.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Harvest Fund Advisors LLC boosted its holdings in Usa Compression Partners by 21.1% during the third quarter. Harvest Fund Advisors LLC now owns 2,245,460 shares of the oil and gas company’s stock worth $37,544,000 after purchasing an additional 391,139 shares during the last quarter. HITE Hedge Asset Management LLC acquired a new position in Usa Compression Partners during the third quarter worth $471,000. Riverstone Holdings LLC boosted its holdings in Usa Compression Partners by 1.9% during the third quarter. Riverstone Holdings LLC now owns 24,327,534 shares of the oil and gas company’s stock worth $406,756,000 after purchasing an additional 444,558 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Usa Compression Partners by 8.6% during the second quarter. Goldman Sachs Group Inc. now owns 1,003,214 shares of the oil and gas company’s stock worth $16,412,000 after purchasing an additional 79,270 shares during the last quarter. Finally, Chicago Partners Investment Group LLC lifted its stake in Usa Compression Partners by 12.3% in the third quarter. Chicago Partners Investment Group LLC now owns 87,264 shares of the oil and gas company’s stock valued at $1,459,000 after acquiring an additional 9,543 shares during the last quarter.

Several equities research analysts have recently issued reports on USAC shares. JPMorgan Chase & Co. raised shares of Usa Compression Partners from a “neutral” rating to an “overweight” rating and set a $22.00 price objective for the company in a research report on Friday, January 19th. Zacks Investment Research raised shares of Usa Compression Partners from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research report on Friday, November 10th. Royal Bank of Canada increased their price objective on shares of Usa Compression Partners from $17.00 to $18.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 8th. BidaskClub downgraded shares of Usa Compression Partners from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 31st. Finally, B. Riley set a $18.00 price objective on shares of Usa Compression Partners and gave the stock a “neutral” rating in a research report on Monday, December 18th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $19.40.

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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.

Earnings History for Usa Compression Partners (NYSE:USAC)

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