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

USA Compression Partners LP (NYSE:USAC) declared a quarterly dividend on Thursday, April 11th, Wall Street Journal reports. Stockholders 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 dividend yield of 8.41%. The ex-dividend date 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. 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 Stock Down 0.1 %

Shares of USAC opened at $24.99 on Thursday. The stock’s 50-day moving average price is $25.93 and its 200 day moving average price is $25.20. The firm has a market capitalization of $2.57 billion, a price-to-earnings ratio of 118.98 and a beta of 1.30. USA Compression Partners has a 12-month low of $18.48 and a 12-month high of $28.47.

USA Compression Partners (NYSE:USAC) last released its quarterly earnings data on Tuesday, February 13th. The oil and gas company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02). The firm had revenue of $225.05 million for the quarter, compared to the consensus estimate 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 quarter in the prior year, the firm posted ($0.04) earnings per share. Equities research analysts expect that USA Compression Partners will post 0.59 EPS for the current year.

Insider Buying and Selling at USA Compression Partners

In other news, major shareholder Veteran Equity Aggregator Eig sold 5,889,297 shares of USA Compression Partners stock in a transaction that occurred 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 completion of the transaction, the insider now owns 5,882,528 shares in the company, valued at $147,769,103.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Eric D. Long sold 96,660 shares of USA Compression Partners stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $24.59, for a total value of $2,376,869.40. Following the completion of the transaction, the insider now directly owns 372,359 shares of the company’s stock, valued at $9,156,307.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Veteran Equity Aggregator Eig sold 5,889,297 shares of the company’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $25.12, for a total transaction of $147,939,140.64. Following the transaction, the insider now owns 5,882,528 shares in the company, valued at approximately $147,769,103.36. The disclosure for this sale can be found here. Insiders have sold a total of 7,755,566 shares of company stock worth $194,685,337 over the last ninety days.

Hedge Funds Weigh In On USA Compression Partners

A number of institutional investors have recently modified their holdings of USAC. LPL Financial LLC grew its stake in shares of USA Compression Partners by 8.1% during the second quarter. LPL Financial LLC now owns 11,741 shares of the oil and gas company’s stock valued at $232,000 after purchasing an additional 880 shares during the last quarter. Atria Wealth Solutions Inc. bought a new position in USA Compression Partners in the 1st quarter valued at $228,000. SVB Wealth LLC acquired a new stake in shares of USA Compression Partners in the 1st quarter valued at $225,000. Commonwealth Equity Services LLC bought a new stake in shares of USA Compression Partners during the first quarter worth $207,000. Finally, Sunbelt Securities Inc. acquired a new position in shares of USA Compression Partners during the first quarter valued at $167,000. 47.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

USAC has been the subject of a number of analyst reports. Mizuho raised their price objective on shares of USA Compression Partners from $22.00 to $23.00 and gave the stock an “underperform” rating in a report on Wednesday, February 14th. StockNews.com downgraded USA Compression Partners from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. Finally, Raymond James increased their target price on USA Compression Partners from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, USA Compression Partners presently has an average rating of “Hold” and a consensus target price of $24.75.

About USA Compression Partners

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.