USA Compression Partners LP to Issue Quarterly Dividend of $0.53 (NYSE:USAC)

USA Compression Partners LP (NYSE:USAC) announced a quarterly dividend on Thursday, October 10th, Wall Street Journal reports. Shareholders of record on Monday, October 21st will be given a dividend of 0.525 per share by the oil and gas company on Friday, November 1st. This represents a $2.10 dividend on an annualized basis and a yield of 9.11%. The ex-dividend date of this dividend is Monday, October 21st.

USA Compression Partners has a payout ratio of 196.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities 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 Down 0.3 %

Shares of USA Compression Partners stock opened at $23.06 on Friday. The company has a market capitalization of $2.70 billion, a price-to-earnings ratio of 43.51 and a beta of 1.32. The stock’s 50-day simple moving average is $22.35 and its 200-day simple moving average is $23.76. USA Compression Partners has a 52 week low of $21.06 and a 52 week high of $28.47.

USA Compression Partners (NYSE:USAC) last announced its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. USA Compression Partners had a net margin of 9.77% and a negative return on equity of 40.62%. The business had revenue of $235.31 million during the quarter, compared to analyst estimates of $232.86 million. On average, equities analysts expect that USA Compression Partners will post 0.82 earnings per share for the current year.

Insider Buying and Selling

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

Analysts Set New Price Targets

USAC has been the topic of several research analyst reports. StockNews.com cut shares of USA Compression Partners from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th. Mizuho cut their price target on USA Compression Partners from $25.00 to $24.00 and set a “neutral” rating for the company in a report on Wednesday, October 2nd. Citigroup began coverage on USA Compression Partners in a research report on Friday, September 27th. They set a “neutral” rating and a $23.00 target price for the company. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $26.00 price objective on shares of USA Compression Partners in a research note on Thursday, September 12th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $25.40.

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.