USA Compression Partners LP (USAC) To Go Ex-Dividend on January 27th

USA Compression Partners LP (NYSE:USAC) declared a quarterly dividend on Thursday, January 16th,RTT News reports. Shareholders of record on Monday, January 27th will be paid a dividend of 0.525 per share by the oil and gas company on Friday, February 7th. This represents a $2.10 annualized dividend and a dividend yield of 7.99%. The ex-dividend date of this dividend is Monday, January 27th.

USA Compression Partners has a payout ratio of 165.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect USA Compression Partners to earn $1.02 per share next year, which means the company may not be able to cover its $2.10 annual dividend with an expected future payout ratio of 205.9%.

USA Compression Partners Stock Performance

Shares of USAC stock opened at $26.29 on Friday. The stock has a 50 day moving average price of $23.69 and a 200 day moving average price of $22.99. USA Compression Partners has a 52-week low of $21.06 and a 52-week high of $28.47. The firm has a market capitalization of $3.08 billion, a P/E ratio of 46.13 and a beta of 1.34.

USA Compression Partners (NYSE:USAC) last released its earnings results on Tuesday, November 5th. The oil and gas company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.07). The business had revenue of $239.97 million for the quarter, compared to the consensus estimate of $238.37 million. USA Compression Partners had a negative return on equity of 47.53% and a net margin of 9.36%. During the same quarter last year, the business posted $0.09 earnings per share. As a group, sell-side analysts forecast that USA Compression Partners will post 0.8 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on USAC shares. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $27.00 price target on shares of USA Compression Partners in a research note on Friday, November 22nd. Citigroup began coverage on USA Compression Partners in a report on Friday, September 27th. They issued a “neutral” rating and a $23.00 target price for the company. Finally, Mizuho cut their price target on USA Compression Partners from $25.00 to $24.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 2nd. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price 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.