Research Analysts Set Expectations for USAC FY2024 Earnings

USA Compression Partners LP (NYSE:USAC) – Stock analysts at Zacks Research cut their FY2024 EPS estimates for USA Compression Partners in a report released on Tuesday, November 26th. Zacks Research analyst R. Department now forecasts that the oil and gas company will post earnings per share of $0.74 for the year, down from their previous estimate of $0.78. The consensus estimate for USA Compression Partners’ current full-year earnings is $0.81 per share. Zacks Research also issued estimates for USA Compression Partners’ Q4 2024 earnings at $0.24 EPS, Q1 2025 earnings at $0.19 EPS, Q2 2025 earnings at $0.25 EPS, Q3 2025 earnings at $0.25 EPS, FY2025 earnings at $0.98 EPS, Q2 2026 earnings at $0.29 EPS, Q3 2026 earnings at $0.28 EPS and FY2026 earnings at $1.22 EPS.

USA Compression Partners (NYSE:USAC) last announced its quarterly earnings data on Tuesday, November 5th. The oil and gas company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.07). The firm had revenue of $239.97 million for the quarter, compared to the consensus estimate of $238.37 million. USA Compression Partners had a net margin of 9.36% and a negative return on equity of 47.53%. During the same quarter in the previous year, the business earned $0.09 earnings per share.

Several other analysts also recently commented on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $27.00 price objective on shares of USA Compression Partners in a research report on Friday, November 22nd. Citigroup initiated coverage on shares of USA Compression Partners in a research report on Friday, September 27th. They set a “neutral” rating and a $23.00 price objective on the stock. Finally, Mizuho decreased their price objective on shares of USA Compression Partners from $25.00 to $24.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 2nd. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $26.00.

USA Compression Partners Price Performance

Shares of USAC stock opened at $23.93 on Thursday. The company has a market capitalization of $2.80 billion, a price-to-earnings ratio of 41.98 and a beta of 1.32. USA Compression Partners has a one year low of $21.06 and a one year high of $28.47. The company’s fifty day moving average price is $22.78 and its 200-day moving average price is $23.06.

Institutional Trading of USA Compression Partners

A number of institutional investors and hedge funds have recently bought and sold shares of USAC. SVB Wealth LLC bought a new stake in USA Compression Partners in the 1st quarter valued at $297,000. Perkins Coie Trust Co purchased a new position in shares of USA Compression Partners in the 2nd quarter worth $263,000. Objectivity Squared LLC grew its stake in shares of USA Compression Partners by 2.1% in the 2nd quarter. Objectivity Squared LLC now owns 202,199 shares of the oil and gas company’s stock worth $4,986,000 after buying an additional 4,228 shares in the last quarter. CFM Wealth Partners LLC grew its stake in shares of USA Compression Partners by 12.1% in the 2nd quarter. CFM Wealth Partners LLC now owns 75,796 shares of the oil and gas company’s stock worth $1,799,000 after buying an additional 8,203 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its stake in shares of USA Compression Partners by 12.7% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 533,424 shares of the oil and gas company’s stock worth $12,658,000 after buying an additional 60,010 shares in the last quarter. 47.77% of the stock is currently owned by institutional investors.

USA Compression Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 1st. Shareholders 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 dividend on an annualized basis and a yield of 8.78%. USA Compression Partners’s dividend payout ratio is currently 368.43%.

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.