What is Zacks Research’s Forecast for USAC FY2024 Earnings?

USA Compression Partners LP (NYSE:USAC) – Analysts at Zacks Research decreased their FY2024 earnings estimates for shares of USA Compression Partners in a research note issued to investors on Tuesday, November 26th. Zacks Research analyst R. Department now forecasts that the oil and gas company will post earnings of $0.74 per share for the year, down from their prior 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 released its quarterly earnings results on Tuesday, November 5th. The oil and gas company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.07). USA Compression Partners had a negative return on equity of 47.53% and a net margin of 9.36%. The firm had revenue of $239.97 million for the quarter, compared to analysts’ expectations of $238.37 million. During the same period in the prior year, the firm posted $0.09 earnings per share.

Other equities analysts have also recently issued reports about the stock. Mizuho dropped 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 research note on Wednesday, October 2nd. Citigroup started coverage on shares of USA Compression Partners in a research report on Friday, September 27th. They issued a “neutral” rating and a $23.00 price objective for the company. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $27.00 price objective on shares of USA Compression Partners in a research report on Friday, November 22nd. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $26.00.

USA Compression Partners Trading Up 0.3 %

USAC stock opened at $23.93 on Thursday. USA Compression Partners has a 12 month low of $21.06 and a 12 month high of $28.47. The company has a 50-day moving average price of $22.78 and a 200 day moving average price of $23.06. The stock has a market cap of $2.80 billion, a PE ratio of 41.98 and a beta of 1.32.

Institutional Investors Weigh In On USA Compression Partners

Several large investors have recently modified their holdings of USAC. Allworth Financial LP raised its holdings in shares of USA Compression Partners by 3,054.8% in the 3rd quarter. Allworth Financial LP now owns 1,325 shares of the oil and gas company’s stock valued at $30,000 after purchasing an additional 1,283 shares in the last quarter. Sunbelt Securities Inc. raised its stake in shares of USA Compression Partners by 12.2% during the 2nd quarter. Sunbelt Securities Inc. now owns 4,445 shares of the oil and gas company’s stock worth $105,000 after acquiring an additional 485 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of USA Compression Partners during the 2nd quarter worth approximately $204,000. Stifel Financial Corp bought a new position in shares of USA Compression Partners during the 3rd quarter worth approximately $210,000. Finally, Seelaus Asset Management LLC raised its stake in shares of USA Compression Partners by 4.6% during the 3rd quarter. Seelaus Asset Management LLC now owns 11,278 shares of the oil and gas company’s stock worth $258,000 after acquiring an additional 500 shares in the last quarter. Institutional investors own 47.77% of the company’s stock.

USA Compression Partners Dividend Announcement

The firm also recently declared 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 8.78%. USA Compression Partners’s dividend payout ratio is currently 368.43%.

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.