Q3 2023 EPS Estimates for USA Compression Partners LP (NYSE:USAC) Lifted by Zacks Research
USA Compression Partners LP (NYSE:USAC – Free Report) – Zacks Research lifted their Q3 2023 earnings per share estimates for USA Compression Partners in a note issued to investors on Thursday, September 7th. Zacks Research analyst T. Saha now anticipates that the oil and gas company will post earnings per share of $0.10 for the quarter, up from their prior estimate of $0.08. The consensus estimate for USA Compression Partners’ current full-year earnings is $0.30 per share. Zacks Research also issued estimates for USA Compression Partners’ FY2023 earnings at $0.29 EPS, Q1 2024 earnings at $0.11 EPS, Q2 2024 earnings at $0.12 EPS, Q3 2024 earnings at $0.13 EPS, Q4 2024 earnings at $0.15 EPS, FY2024 earnings at $0.51 EPS, Q2 2025 earnings at $0.17 EPS and FY2025 earnings at $0.63 EPS.
Other equities research analysts have also recently issued research reports about the company. TheStreet upgraded USA Compression Partners from a “c+” rating to a “b-” rating in a research note on Thursday, August 17th. StockNews.com initiated coverage on shares of USA Compression Partners in a research note on Thursday, August 17th. They issued a “buy” rating for the company. Finally, Royal Bank of Canada boosted their price objective on shares of USA Compression Partners from $21.00 to $22.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $21.25.
Get Our Latest Stock Analysis on USAC
USA Compression Partners Stock Up 0.4 %
USAC traded up $0.09 during trading hours on Friday, hitting $22.14. 10,797 shares of the company’s stock were exchanged, compared to its average volume of 159,115. USA Compression Partners has a 1-year low of $15.87 and a 1-year high of $22.29. The stock’s 50-day moving average is $20.41 and its two-hundred day moving average is $20.32. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 735.00 and a beta of 1.52.
USA Compression Partners (NYSE:USAC – Get Free Report) last released its quarterly earnings results on Tuesday, August 1st. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.01. USA Compression Partners had a negative return on equity of 35.21% and a net margin of 6.79%. The firm had revenue of $206.92 million for the quarter, compared to the consensus estimate of $198.57 million.
USA Compression Partners Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, August 4th. Stockholders of record on Monday, July 24th were issued a dividend of $0.525 per share. The ex-dividend date of this dividend was Friday, July 21st. This represents a $2.10 annualized dividend and a dividend yield of 9.49%. USA Compression Partners’s dividend payout ratio is presently 7,000.00%.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in USAC. American Financial Group Inc. boosted its position in shares of USA Compression Partners by 1.6% during the 2nd quarter. American Financial Group Inc. now owns 32,150 shares of the oil and gas company’s stock worth $635,000 after acquiring an additional 500 shares in the last quarter. CreativeOne Wealth LLC boosted its position in USA Compression Partners by 2.4% in the second quarter. CreativeOne Wealth LLC now owns 22,962 shares of the oil and gas company’s stock valued at $453,000 after buying an additional 535 shares in the last quarter. Cetera Advisors LLC boosted its position in USA Compression Partners by 2.4% in the second quarter. Cetera Advisors LLC now owns 25,211 shares of the oil and gas company’s stock valued at $498,000 after buying an additional 583 shares in the last quarter. LPL Financial LLC boosted its position in USA Compression Partners by 6.1% in the fourth quarter. LPL Financial LLC now owns 13,971 shares of the oil and gas company’s stock valued at $273,000 after buying an additional 798 shares in the last quarter. Finally, Belpointe Asset Management LLC boosted its position in 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 in the last quarter. 23.51% of the stock is owned by institutional investors.
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider USA Compression Partners, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and USA Compression Partners wasn’t on the list.
While USA Compression Partners currently has a “Reduce” rating among analysts, top-rated analysts believe these five stocks are better buys.
Click the link below and we’ll send you MarketBeat’s list of seven stocks and why their long-term outlooks are very promising.
