USA Compression Partners (NYSE:USAC) Posts Earnings Results, Misses Expectations By $0.07 EPS

USA Compression Partners (NYSE:USAC) announced its quarterly earnings results on Tuesday. The oil and gas company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.07), Zacks reports. The company had revenue of $239.97 million during the quarter, compared to the consensus estimate of $238.37 million. USA Compression Partners had a negative return on equity of 40.62% and a net margin of 9.77%. During the same period last year, the business posted $0.09 EPS.

USA Compression Partners Trading Up 5.3 %

USAC stock traded up $1.16 during trading hours on Wednesday, hitting $22.85. 209,038 shares of the stock traded hands, compared to its average volume of 361,676. The stock has a 50-day simple moving average of $22.45 and a 200 day simple moving average of $23.19. USA Compression Partners has a one year low of $21.06 and a one year high of $28.47. The company has a market cap of $2.67 billion, a P/E ratio of 43.06 and a beta of 1.32.

USA Compression Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Monday, October 21st were issued a $0.525 dividend. The ex-dividend date was Monday, October 21st. This represents a $2.10 annualized dividend and a dividend yield of 9.19%. USA Compression Partners’s dividend payout ratio (DPR) is 396.23%.

Insider Buying and Selling at USA Compression Partners

In related news, insider Eric D. Long sold 1,786 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $22.81, for a total transaction of $40,738.66. Following the completion of the sale, the insider now directly owns 307,026 shares of the company’s stock, valued at $7,003,263.06. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Eric D. Long sold 21,396 shares of USA Compression Partners stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $22.27, for a total value of $476,488.92. Following the transaction, the insider now directly owns 1,786 shares of the company’s stock, valued at $39,774.22. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Eric D. Long sold 1,786 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $22.81, for a total transaction of $40,738.66. Following the completion of the sale, the insider now owns 307,026 shares of the company’s stock, valued at approximately $7,003,263.06. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here.

Analyst Ratings Changes

Several equities analysts have recently issued reports on USAC shares. Mizuho reduced their price target on shares of USA Compression Partners from $25.00 to $24.00 and set a “neutral” rating for the company in a report on Wednesday, October 2nd. Royal Bank of Canada boosted their price objective on USA Compression Partners from $26.00 to $27.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 16th. StockNews.com lowered USA Compression Partners from a “buy” rating to a “hold” rating in a report on Thursday, July 11th. Finally, Citigroup started coverage on USA Compression Partners in a research report on Friday, September 27th. They set a “neutral” rating and a $23.00 price target for the company. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $26.00.

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.