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

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 yield of 8.24%.

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. 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 Up 1.2 %

USAC traded up $0.29 on Thursday, hitting $25.48. 285,559 shares of the company traded hands, compared to its average volume of 283,486. The company has a 50 day moving average of $23.37 and a 200-day moving average of $22.90. USA Compression Partners has a 12-month low of $21.06 and a 12-month high of $28.47. The stock has a market capitalization of $2.98 billion, a PE ratio of 44.70 and a beta of 1.34.

USA Compression Partners (NYSE:USAC) last issued its quarterly 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 company had revenue of $239.97 million for the quarter, compared to analyst estimates 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 period in the prior year, the business earned $0.09 earnings per share. On average, research analysts anticipate that USA Compression Partners will post 0.8 EPS for the current year.

Wall Street Analyst Weigh In

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