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

USA Compression Partners LP (NYSE:USAC) declared 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 annualized dividend and a yield of 8.40%. The ex-dividend date of this dividend is Friday, April 19th.

USA Compression Partners has a 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 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

NYSE:USAC opened at $24.99 on Wednesday. USA Compression Partners has a 12 month low of $18.48 and a 12 month high of $28.47. The business’s 50-day moving average is $25.91 and its two-hundred day moving average is $25.20. The firm has a market capitalization of $2.57 billion, a PE ratio of 119.01 and a beta of 1.30.

USA Compression Partners (NYSE:USAC) last released its quarterly earnings results on Tuesday, February 13th. The oil and gas company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.02). The company had revenue of $225.05 million for the quarter, compared to analyst estimates of $221.50 million. USA Compression Partners had a negative return on equity of 31.81% and a net margin of 8.07%. During the same period last year, the firm posted ($0.04) earnings per share. Equities analysts anticipate that USA Compression Partners will post 0.57 EPS for the current year.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at USA Compression Partners

In related news, major shareholder Veteran Equity Aggregator Eig sold 5,889,297 shares of USA Compression Partners stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $25.12, for a total transaction of $147,939,140.64. Following the sale, the insider now directly owns 5,882,528 shares in the company, valued at $147,769,103.36. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other USA Compression Partners news, insider Eric D. Long sold 43,725 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $24.58, for a total value of $1,074,760.50. Following the completion of the sale, the insider now directly owns 312,346 shares in the company, valued at $7,677,464.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Veteran Equity Aggregator Eig sold 5,889,297 shares of USA Compression Partners stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $25.12, for a total value of $147,939,140.64. Following the transaction, the insider now owns 5,882,528 shares in the company, valued at $147,769,103.36. The disclosure for this sale can be found here. Insiders sold 7,755,566 shares of company stock valued at $194,685,337 in the last ninety days.

Institutional Trading of USA Compression Partners

Several institutional investors have recently modified their holdings of the company. Belpointe Asset Management LLC boosted its holdings in USA Compression Partners by 232.9% during the first quarter. Belpointe Asset Management LLC now owns 1,235 shares of the oil and gas company’s stock worth $26,000 after buying an additional 864 shares in the last quarter. State of Wyoming bought a new stake in shares of USA Compression Partners during the 4th quarter worth $32,000. Tower Research Capital LLC TRC grew its holdings in shares of USA Compression Partners by 2,232.0% in 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 acquiring an additional 2,790 shares during the last quarter. Barclays PLC grew its holdings in shares of USA Compression Partners by 1,102.9% in the 1st quarter. Barclays PLC now owns 2,887 shares of the oil and gas company’s stock worth $61,000 after acquiring an additional 2,647 shares during the last quarter. Finally, Credit Suisse AG acquired a new stake in shares of USA Compression Partners during the second quarter worth $87,000. Institutional investors and hedge funds own 47.77% of the company’s stock.

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.