USA Compression Partners (NYSE:USAC) Announces Earnings Results

USA Compression Partners (NYSE:USAC) posted its quarterly earnings data on Tuesday. The oil and gas company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.03, FiscalAI reports. USA Compression Partners had a net margin of 11.91% and a negative return on equity of 807.33%. The business had revenue of $342.15 million for the quarter, compared to analysts’ expectations of $340.49 million.

USA Compression Partners Stock Up 0.7%

Shares of USAC traded up $0.18 during mid-day trading on Tuesday, hitting $25.88. The company’s stock had a trading volume of 22,197 shares, compared to its average volume of 223,876. The company’s 50-day moving average is $26.71 and its 200-day moving average is $27.04. USA Compression Partners has a 52-week low of $21.85 and a 52-week high of $30.55. The firm has a market capitalization of $3.75 billion, a price-to-earnings ratio of 26.70 and a beta of 0.22. The company has a current ratio of 1.55, a quick ratio of 0.86 and a debt-to-equity ratio of 9.41.

USA Compression Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Monday, July 27th will be issued a $0.525 dividend. The ex-dividend date is Monday, July 27th. This represents a $2.10 annualized dividend and a dividend yield of 8.1%. USA Compression Partners’s payout ratio is currently 216.49%.

Hedge Funds Weigh In On USA Compression Partners

Several institutional investors have recently bought and sold shares of USAC. Goldman Sachs Group Inc. lifted its holdings in USA Compression Partners by 82.7% during the first quarter. Goldman Sachs Group Inc. now owns 2,863,377 shares of the oil and gas company’s stock worth $77,254,000 after buying an additional 1,296,339 shares during the period. Raymond James Financial Inc. increased its holdings in shares of USA Compression Partners by 1.5% in the 2nd quarter. Raymond James Financial Inc. now owns 548,743 shares of the oil and gas company’s stock valued at $13,340,000 after acquiring an additional 8,169 shares during the period. HRT Financial LP bought a new position in shares of USA Compression Partners in the 2nd quarter worth $1,555,000. Corient Private Wealth LLC raised its position in shares of USA Compression Partners by 131.7% in the 2nd quarter. Corient Private Wealth LLC now owns 412,900 shares of the oil and gas company’s stock worth $10,038,000 after acquiring an additional 234,730 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of USA Compression Partners by 233.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,443 shares of the oil and gas company’s stock worth $35,000 after acquiring an additional 1,010 shares in the last quarter. 47.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on USAC. Zacks Research cut shares of USA Compression Partners from a “hold” rating to a “strong sell” rating in a research note on Monday, July 6th. Citigroup increased their price objective on shares of USA Compression Partners from $26.00 to $28.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. Royal Bank Of Canada raised their price objective on shares of USA Compression Partners from $29.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Friday, June 5th. Finally, Mizuho upped their target price on USA Compression Partners from $28.00 to $29.00 and gave the company a “neutral” rating in a research note on Friday, June 12th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, USA Compression Partners presently has a consensus rating of “Hold” and a consensus target price of $29.25.

USA Compression Partners Company Profile

USA Compression Partners (NYSE: USAC) is a Houston-based master limited partnership specializing in natural gas compression services for oil and gas producers. The company offers a full suite of midstream compression solutions designed to enhance production flow and optimize field operations. Its core activities include the design, engineering, fabrication, installation, operation and maintenance of natural gas compression equipment onshore across key U.S. basins.

USA Compression’s product and service offerings encompass new equipment deployment, aftermarket parts and component sales, field service support, and instrumentation and control systems.