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

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

USA Compression Partners Price Performance

USA Compression Partners stock traded up $1.13 during trading on Wednesday, reaching $22.82. 184,681 shares of the company were exchanged, compared to its average volume of 361,563. USA Compression Partners has a 52-week low of $21.06 and a 52-week high of $28.47. The company has a market capitalization of $2.67 billion, a P/E ratio of 40.87 and a beta of 1.32. The stock’s 50 day simple moving average is $22.45 and its two-hundred day simple moving average is $23.19.

USA Compression Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Monday, October 21st were given a dividend of $0.525 per share. The ex-dividend date was Monday, October 21st. This represents a $2.10 dividend on an annualized basis and a yield of 9.20%. USA Compression Partners’s payout ratio is 396.23%.

Insider Buying and Selling at USA Compression Partners

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

Wall Street Analysts Forecast Growth

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

USA Compression Partners Company Profile

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.