Wall Street brokerages forecast that USA Compression Partners LP (NYSE:USAC) will report earnings of ($0.03) per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for USA Compression Partners’ earnings, with the lowest EPS estimate coming in at ($0.05) and the highest estimate coming in at ($0.01). USA Compression Partners reported earnings per share of $0.07 during the same quarter last year, which would suggest a negative year-over-year growth rate of 142.9%. The company is expected to issue its next quarterly earnings report before the market opens on Tuesday, November 6th.
On average, analysts expect that USA Compression Partners will report full-year earnings of ($0.29) per share for the current fiscal year, with EPS estimates ranging from ($0.37) to ($0.20). For the next year, analysts anticipate that the firm will report earnings of $0.20 per share, with EPS estimates ranging from ($0.12) to $0.48. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow USA Compression Partners.
USA Compression Partners (NYSE:USAC) last posted its quarterly earnings data on Tuesday, August 7th. The oil and gas company reported ($0.64) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.56). USA Compression Partners had a positive return on equity of 2.24% and a negative net margin of 0.72%. The business had revenue of $166.90 million during the quarter, compared to analysts’ expectations of $151.67 million.
USAC has been the topic of several research analyst reports. Zacks Investment Research cut USA Compression Partners from a “buy” rating to a “hold” rating in a research report on Tuesday, September 18th. B. Riley restated a “buy” rating and issued a $21.00 target price on shares of USA Compression Partners in a research note on Friday, August 31st. Wells Fargo & Co lowered their target price on USA Compression Partners from $20.00 to $19.00 and set a “market perform” rating on the stock in a research note on Thursday, September 13th. ValuEngine upgraded USA Compression Partners from a “hold” rating to a “buy” rating in a research note on Wednesday, August 8th. Finally, Mitsubishi UFJ Financial Group started coverage on USA Compression Partners in a research note on Wednesday, September 5th. They issued an “overweight” rating and a $22.00 target price on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $20.29.
Several institutional investors and hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN raised its stake in shares of USA Compression Partners by 41.8% in the first quarter. Wells Fargo & Company MN now owns 16,784 shares of the oil and gas company’s stock valued at $284,000 after buying an additional 4,949 shares during the period. Royal Bank of Canada raised its stake in shares of USA Compression Partners by 19.1% during the 1st quarter. Royal Bank of Canada now owns 31,715 shares of the oil and gas company’s stock valued at $537,000 after purchasing an additional 5,091 shares during the period. Stephens Inc. AR bought a new stake in shares of USA Compression Partners during the 2nd quarter valued at $198,000. Partnervest Advisory Services LLC bought a new stake in shares of USA Compression Partners during the 2nd quarter valued at $233,000. Finally, Ipswich Investment Management Co. Inc. bought a new stake in shares of USA Compression Partners during the 2nd quarter valued at $247,000. Hedge funds and other institutional investors own 42.17% of the company’s stock.
USAC stock traded up $0.03 during midday trading on Tuesday, hitting $16.66. The company’s stock had a trading volume of 247,833 shares, compared to its average volume of 263,454. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.39 and a quick ratio of 0.86. USA Compression Partners has a 1 year low of $15.48 and a 1 year high of $19.33.
The company also recently announced a dividend, which will be paid on Friday, November 9th. Shareholders of record on Monday, October 29th will be paid a $0.525 dividend. The ex-dividend date is Friday, October 26th. This is a positive change from USA Compression Partners’s previous dividend of $0.51. USA Compression Partners’s payout ratio is presently 1,312.50%.
About USA Compression Partners
USA Compression Partners, LP provides compression services under term contracts with customers in the natural gas and crude oil industries in the United States. The company engineers, designs, operates, services, and repairs its compression units; and maintains related support inventory and equipment.
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