Zacks Research Has Bullish Estimate for USAC FY2024 Earnings

USA Compression Partners LP (NYSE:USAC) – Equities researchers at Zacks Research raised their FY2024 EPS estimates for USA Compression Partners in a research note issued to investors on Monday, January 6th. Zacks Research analyst R. Department now expects that the oil and gas company will earn $0.76 per share for the year, up from their previous estimate of $0.75. The consensus estimate for USA Compression Partners’ current full-year earnings is $0.80 per share. Zacks Research also issued estimates for USA Compression Partners’ Q4 2024 earnings at $0.26 EPS, Q1 2025 earnings at $0.21 EPS, Q4 2025 earnings at $0.31 EPS, FY2025 earnings at $1.01 EPS and FY2026 earnings at $1.26 EPS.

Other equities analysts have also issued reports about the stock. Mizuho lowered their price target on shares of USA Compression Partners from $25.00 to $24.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 2nd. Royal Bank of Canada reaffirmed 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 report on Friday, September 27th. They set a “neutral” rating and a $23.00 price target on the stock. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $26.00.

USA Compression Partners Stock Performance

Shares of NYSE USAC opened at $23.75 on Wednesday. USA Compression Partners has a 1 year low of $21.06 and a 1 year high of $28.47. The company’s fifty day moving average price is $23.09 and its 200 day moving average price is $22.88. The company has a market capitalization of $2.78 billion, a PE ratio of 41.67 and a beta of 1.34.

USA Compression Partners (NYSE:USAC) last posted its earnings results on Tuesday, November 5th. The oil and gas company reported $0.13 EPS for the quarter, missing the consensus estimate 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 company had revenue of $239.97 million for the quarter, compared to analyst estimates of $238.37 million. During the same period last year, the business earned $0.09 earnings per share.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. lifted its holdings in shares of USA Compression Partners by 0.4% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 211,521 shares of the oil and gas company’s stock worth $4,848,000 after acquiring an additional 833 shares during the last quarter. Objectivity Squared LLC boosted its position in shares of USA Compression Partners by 2.3% during the third quarter. Objectivity Squared LLC now owns 206,843 shares of the oil and gas company’s stock worth $4,768,000 after buying an additional 4,644 shares during the period. Infrastructure Capital Advisors LLC grew its stake in shares of USA Compression Partners by 14.9% in the third quarter. Infrastructure Capital Advisors LLC now owns 196,206 shares of the oil and gas company’s stock valued at $4,497,000 after buying an additional 25,439 shares in the last quarter. Exchange Traded Concepts LLC lifted its stake in USA Compression Partners by 12.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 93,523 shares of the oil and gas company’s stock worth $2,144,000 after acquiring an additional 10,592 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its holdings in USA Compression Partners by 2.7% during the 3rd quarter. GSA Capital Partners LLP now owns 92,955 shares of the oil and gas company’s stock valued at $2,131,000 after acquiring an additional 2,425 shares during the period. Institutional investors and hedge funds own 47.77% of the company’s stock.

USA Compression Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Monday, October 21st were issued a $0.525 dividend. The ex-dividend date of this dividend was Monday, October 21st. This represents a $2.10 annualized dividend and a yield of 8.84%. USA Compression Partners’s dividend payout ratio (DPR) is currently 368.42%.

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.