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

USA Compression Partners LP (NYSE:USAC) announced a quarterly dividend on Thursday, April 11th, Wall Street Journal reports. Investors of record on Monday, April 22nd will be paid a dividend of 0.525 per share by the oil and gas company on Friday, May 3rd. This represents a $2.10 dividend on an annualized basis and a yield of 8.41%. The ex-dividend date of this dividend is Friday, April 19th.

USA Compression Partners has a dividend payout ratio of 247.1% 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 research analysts expect USA Compression Partners to earn $0.86 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 244.2%.

USA Compression Partners Price Performance

Shares of NYSE USAC opened at $24.99 on Thursday. The business has a fifty day moving average price of $25.93 and a two-hundred day moving average price of $25.20. The stock has a market capitalization of $2.57 billion, a PE ratio of 118.98 and a beta of 1.30. USA Compression Partners has a fifty-two week low of $18.48 and a fifty-two week high of $28.47.

USA Compression Partners (NYSE:USAC) last posted its quarterly earnings results on Tuesday, February 13th. The oil and gas company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02). The company had revenue of $225.05 million during the quarter, compared to analyst estimates of $221.50 million. USA Compression Partners had a net margin of 8.07% and a negative return on equity of 31.81%. During the same period last year, the firm earned ($0.04) EPS. On average, equities analysts expect that USA Compression Partners will post 0.59 EPS for the current year.

Insider Activity at USA Compression Partners

In related news, insider Eric D. Long sold 34,866 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $24.54, for a total value of $855,611.64. Following the completion of the transaction, the insider now owns 469,019 shares of the company’s stock, valued at approximately $11,509,726.26. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other USA Compression Partners news, insider Eric D. Long sold 34,866 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $24.54, for a total value of $855,611.64. Following the completion of the transaction, the insider now directly owns 469,019 shares in the company, valued at $11,509,726.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Eric D. Long sold 96,660 shares of USA Compression Partners stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $24.59, for a total value of $2,376,869.40. Following the sale, the insider now directly owns 372,359 shares in the company, valued at $9,156,307.81. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,755,566 shares of company stock valued at $194,685,337.

Institutional Investors Weigh In On USA Compression Partners

Institutional investors have recently added to or reduced their stakes in the business. Belpointe Asset Management LLC increased its stake in shares of USA Compression Partners by 232.9% in the first quarter. Belpointe Asset Management LLC now owns 1,235 shares of the oil and gas company’s stock valued at $26,000 after buying an additional 864 shares during the period. State of Wyoming bought a new stake in USA Compression Partners in the fourth quarter valued at approximately $32,000. Barclays PLC increased its position in USA Compression Partners by 1,102.9% during the 1st quarter. Barclays PLC now owns 2,887 shares of the oil and gas company’s stock valued at $61,000 after purchasing an additional 2,647 shares during the period. Tower Research Capital LLC TRC raised its holdings in USA Compression Partners by 2,232.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,915 shares of the oil and gas company’s stock worth $51,000 after purchasing an additional 2,790 shares during the last quarter. Finally, Credit Suisse AG acquired a new position in shares of USA Compression Partners in the 2nd quarter worth approximately $87,000. 47.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on USAC. Raymond James increased their price target on shares of USA Compression Partners from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Tuesday. Mizuho upped their target price on USA Compression Partners from $22.00 to $23.00 and gave the stock an “underperform” rating in a research note on Wednesday, February 14th. Finally, StockNews.com lowered USA Compression Partners from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $24.75.

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.