USA Compression Partners LP (NYSE:USAC) Expected to Post Earnings of -$0.02 Per Share

Wall Street analysts expect that USA Compression Partners LP (NYSE:USAC) will announce earnings per share of ($0.02) for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for USA Compression Partners’ earnings, with the highest EPS estimate coming in at $0.00 and the lowest estimate coming in at ($0.04). USA Compression Partners reported earnings of $0.01 per share during the same quarter last year, which indicates a negative year over year growth rate of 300%. The firm is expected to issue its next quarterly earnings results before the market opens on Tuesday, February 18th.

On average, analysts expect that USA Compression Partners will report full year earnings of ($0.04) per share for the current fiscal year, with EPS estimates ranging from ($0.04) to ($0.03). For the next financial year, analysts forecast that the business will report earnings of $0.07 per share, with EPS estimates ranging from ($0.19) to $0.26. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for USA Compression Partners.

USA Compression Partners (NYSE:USAC) last announced its quarterly earnings data on Tuesday, November 5th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.06. The business had revenue of $175.76 million for the quarter, compared to analysts’ expectations of $172.88 million. USA Compression Partners had a net margin of 5.78% and a return on equity of 3.07%. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period last year, the firm posted ($0.10) earnings per share.

A number of research analysts recently issued reports on USAC shares. ValuEngine raised shares of USA Compression Partners from a “hold” rating to a “buy” rating in a research note on Tuesday, October 1st. Zacks Investment Research cut shares of USA Compression Partners from a “strong-buy” rating to a “hold” rating in a research note on Saturday, January 11th. UBS Group cut shares of USA Compression Partners from a “buy” rating to a “neutral” rating in a research note on Friday, January 3rd. Wells Fargo & Co cut shares of USA Compression Partners from an “equal weight” rating to an “underweight” rating and set a $17.00 price objective on the stock. in a research note on Tuesday, January 7th. Finally, Stifel Nicolaus cut shares of USA Compression Partners from a “buy” rating to a “hold” rating and set a $18.00 price objective on the stock. in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $18.50.

Shares of NYSE:USAC opened at $17.19 on Friday. The company’s 50 day simple moving average is $17.09 and its 200 day simple moving average is $17.05. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of 859.93 and a beta of 1.29. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.35 and a quick ratio of 0.81. USA Compression Partners has a 1 year low of $14.03 and a 1 year high of $19.00.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Monday, January 27th will be given a $0.525 dividend. The ex-dividend date is Friday, January 24th. This represents a $2.10 dividend on an annualized basis and a yield of 12.22%. This is a positive change from USA Compression Partners’s previous quarterly dividend of $0.51. USA Compression Partners’s dividend payout ratio (DPR) is currently -488.37%.

A number of institutional investors have recently modified their holdings of USAC. Creative Planning boosted its position in USA Compression Partners by 252.6% in the third quarter. Creative Planning now owns 93,200 shares of the oil and gas company’s stock valued at $1,610,000 after buying an additional 66,770 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of USA Compression Partners by 104.5% during the second quarter. Royal Bank of Canada now owns 59,062 shares of the oil and gas company’s stock worth $1,050,000 after purchasing an additional 30,179 shares during the period. Duff & Phelps Investment Management Co. lifted its holdings in shares of USA Compression Partners by 10.9% during the third quarter. Duff & Phelps Investment Management Co. now owns 305,000 shares of the oil and gas company’s stock worth $5,267,000 after purchasing an additional 30,000 shares during the period. Intrinsic Edge Capital Management LLC lifted its holdings in shares of USA Compression Partners by 22.8% during the second quarter. Intrinsic Edge Capital Management LLC now owns 161,500 shares of the oil and gas company’s stock worth $2,870,000 after purchasing an additional 30,000 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of USA Compression Partners by 151.7% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 24,183 shares of the oil and gas company’s stock worth $430,000 after purchasing an additional 14,575 shares during the period. Hedge funds and other institutional investors own 31.04% of the company’s stock.

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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