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

USA Compression Partners LP (NYSE:USAC) declared a quarterly dividend on Thursday, January 16th,RTT News reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 7.99%. The ex-dividend date is Monday, January 27th.

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. Research 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 Price Performance

USA Compression Partners stock opened at $26.29 on Friday. The business has a fifty day moving average price of $23.69 and a 200-day moving average price of $22.99. USA Compression Partners has a 1-year low of $21.06 and a 1-year high of $28.47. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of 46.13 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 analysts’ consensus estimates of $0.20 by ($0.07). The business had revenue of $239.97 million for the quarter, compared to analysts’ expectations 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 quarter in the previous year, the firm posted $0.09 EPS. On average, equities research analysts anticipate that USA Compression Partners will post 0.8 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on USAC shares. Citigroup started coverage on shares of USA Compression Partners in a report on Friday, September 27th. They set a “neutral” rating and a $23.00 price objective on the stock. Mizuho cut their price objective on USA Compression Partners from $25.00 to $24.00 and set a “neutral” rating on the stock in a report on Wednesday, October 2nd. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $27.00 target price on shares of USA Compression Partners in a report on Friday, November 22nd. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target 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.