USA Compression Partners LP (USAC) Expected to Post Quarterly Sales of $172.23 Million

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Brokerages forecast that USA Compression Partners LP (NYSE:USAC) will post $172.23 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for USA Compression Partners’ earnings, with the lowest sales estimate coming in at $169.80 million and the highest estimate coming in at $175.10 million. USA Compression Partners posted sales of $75.39 million in the same quarter last year, which suggests a positive year over year growth rate of 128.5%. The business is scheduled to issue its next earnings report on Monday, February 11th.

On average, analysts expect that USA Compression Partners will report full-year sales of $585.31 million for the current year, with estimates ranging from $583.40 million to $588.70 million. For the next year, analysts forecast that the business will report sales of $709.66 million, with estimates ranging from $685.00 million to $732.10 million. Zacks’ sales calculations are an average based on a survey of analysts that cover USA Compression Partners.

USA Compression Partners (NYSE:USAC) last posted its earnings results on Tuesday, November 6th. The oil and gas company reported ($0.10) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.06). USA Compression Partners had a positive return on equity of 1.31% and a negative net margin of 1.67%. The firm had revenue of $168.90 million for the quarter, compared to analyst estimates of $170.93 million. During the same period in the prior year, the business posted $0.07 EPS. The firm’s quarterly revenue was up 132.0% compared to the same quarter last year.

A number of research firms have recently weighed in on USAC. Zacks Investment Research downgraded USA Compression Partners from a “buy” rating to a “hold” rating in a report on Wednesday, October 24th. B. Riley set a $21.00 target price on USA Compression Partners and gave the stock a “buy” rating in a report on Tuesday, November 6th. Wells Fargo & Co set a $18.00 target price on USA Compression Partners and gave the stock a “hold” rating in a report on Friday, November 9th. Royal Bank of Canada raised USA Compression Partners from a “sector perform” rating to an “outperform” rating and set a $21.00 target price for the company in a report on Wednesday, November 7th. Finally, Mitsubishi UFJ Financial Group began coverage on USA Compression Partners in a report on Wednesday, September 5th. They set an “overweight” rating and a $22.00 target price for the company. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $20.57.

In related news, insider William G. Manias purchased 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 15th. The shares were bought at an average price of $13.40 per share, for a total transaction of $67,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Eric D. Long purchased 40,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 13th. The stock was bought at an average price of $13.89 per share, for a total transaction of $555,600.00. The disclosure for this purchase can be found here.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Stephens Inc. AR bought a new position in shares of USA Compression Partners in the second quarter worth $198,000. Partnervest Advisory Services LLC bought a new position in shares of USA Compression Partners in the second quarter worth $233,000. Jane Street Group LLC bought a new position in shares of USA Compression Partners in the second quarter worth $285,000. Fort Washington Investment Advisors Inc. OH bought a new position in USA Compression Partners in the third quarter valued at about $291,000. Finally, B. Riley Financial Inc. bought a new position in USA Compression Partners in the second quarter valued at about $394,000. Institutional investors own 37.30% of the company’s stock.

Shares of USAC traded up $0.32 during midday trading on Wednesday, reaching $14.78. 387,355 shares of the stock were exchanged, compared to its average volume of 331,645. USA Compression Partners has a twelve month low of $12.90 and a twelve month high of $19.33. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.32 and a quick ratio of 0.84.

The business also recently declared a quarterly dividend, which was paid on Friday, November 9th. Investors of record on Monday, October 29th were given a $0.525 dividend. The ex-dividend date of this dividend was Friday, October 26th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 14.21%. This is a boost from USA Compression Partners’s previous quarterly dividend of $0.51. USA Compression Partners’s dividend payout ratio (DPR) is presently 1,312.50%.

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.

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Earnings History and Estimates for USA Compression Partners (NYSE:USAC)

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