USA Compression Partners (NYSE:USAC) Announces Quarterly Earnings Results, Misses Expectations By $0.08 EPS
by Teresa Graham · The Cerbat GemUSA Compression Partners (NYSE:USAC – Get Free Report) issued its quarterly earnings results on Tuesday. The oil and gas company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.08), FiscalAI reports. USA Compression Partners had a negative return on equity of 87.34% and a net margin of 11.15%.The business had revenue of $331.28 million for the quarter, compared to analyst estimates of $308.35 million.
USA Compression Partners Stock Performance
USAC traded up $0.38 during trading on Tuesday, reaching $27.33. The company’s stock had a trading volume of 25,359 shares, compared to its average volume of 212,097. USA Compression Partners has a 52-week low of $21.85 and a 52-week high of $28.90. The company’s fifty day moving average price is $27.48 and its 200-day moving average price is $25.40. The company has a market capitalization of $3.96 billion, a price-to-earnings ratio of 32.29 and a beta of 0.22.
USA Compression Partners Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Monday, April 27th will be given a $0.525 dividend. The ex-dividend date is Monday, April 27th. This represents a $2.10 dividend on an annualized basis and a yield of 7.7%. USA Compression Partners’s dividend payout ratio (DPR) is presently 250.00%.
Analyst Upgrades and Downgrades
A number of research firms have commented on USAC. Stifel Nicolaus lifted their price objective on shares of USA Compression Partners from $27.00 to $30.00 and gave the company a “hold” rating in a research note on Wednesday, February 18th. Zacks Research downgraded shares of USA Compression Partners from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 16th. Mizuho raised their price target on USA Compression Partners from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Monday, January 12th. Wall Street Zen downgraded USA Compression Partners from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Finally, Texas Capital raised USA Compression Partners from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, USA Compression Partners currently has a consensus rating of “Hold” and an average target price of $26.67.
Get Our Latest Analysis on USA Compression Partners
Institutional Trading of USA Compression Partners
Several hedge funds have recently modified their holdings of the business. Morgan Stanley boosted its stake in shares of USA Compression Partners by 123.5% in the fourth quarter. Morgan Stanley now owns 2,712,603 shares of the oil and gas company’s stock valued at $62,390,000 after buying an additional 1,498,928 shares in the last quarter. Goldman Sachs Group Inc. grew 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 acquiring an additional 1,296,339 shares during the period. JPMorgan Chase & Co. raised its position in USA Compression Partners by 29.8% in the fourth quarter. JPMorgan Chase & Co. now owns 4,599,073 shares of the oil and gas company’s stock worth $105,779,000 after acquiring an additional 1,056,548 shares in the last quarter. Corient Private Wealth LLC raised its position in USA Compression Partners by 131.7% in the second 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, HRT Financial LP acquired a new stake in USA Compression Partners in the fourth quarter valued at $2,999,000. 47.77% of the stock is owned by institutional investors and hedge funds.
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.