USA Compression Partners LP (NYSE:USAC – Get Rating) announced a quarterly dividend on Thursday, October 13th, Zacks reports. Stockholders of record on Monday, October 24th will be given a dividend of 0.525 per share by the oil and gas company on Friday, November 4th. This represents a $2.10 annualized dividend and a dividend yield of 11.84%. The ex-dividend date of this dividend is Friday, October 21st.
USA Compression Partners has a payout ratio of 21,000.0% meaning 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 $0.13 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 1,615.4%.
USA Compression Partners Stock Down 1.2 %
USAC stock opened at $17.73 on Friday. The firm’s fifty day simple moving average is $17.89 and its 200-day simple moving average is $17.80. The company has a quick ratio of 0.61, a current ratio of 1.04 and a debt-to-equity ratio of 48.61. USA Compression Partners has a 12 month low of $14.21 and a 12 month high of $20.14.
USA Compression Partners (NYSE:USAC – Get Rating) last released its quarterly earnings data on Tuesday, August 2nd. The oil and gas company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The business had revenue of $171.46 million during the quarter. USA Compression Partners had a net margin of 2.99% and a return on equity of 27.15%. During the same quarter in the prior year, the business earned ($0.10) earnings per share. Equities analysts anticipate that USA Compression Partners will post -0.05 EPS for the current year.
Hedge Funds Weigh In On USA Compression Partners
A number of large investors have recently added to or reduced their stakes in the stock. Invesco Ltd. raised its position in USA Compression Partners by 0.3% during the first quarter. Invesco Ltd. now owns 17,488,613 shares of the oil and gas company’s stock worth $307,975,000 after acquiring an additional 50,981 shares during the period. First Republic Investment Management Inc. raised its position in shares of USA Compression Partners by 4.1% in the second quarter. First Republic Investment Management Inc. now owns 255,498 shares of the oil and gas company’s stock valued at $4,272,000 after buying an additional 10,000 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in shares of USA Compression Partners by 36,517.7% in the first quarter. BNP Paribas Arbitrage SA now owns 107,290 shares of the oil and gas company’s stock valued at $1,889,000 after buying an additional 106,997 shares during the last quarter. Vident Investment Advisory LLC raised its position in shares of USA Compression Partners by 7.6% in the first quarter. Vident Investment Advisory LLC now owns 42,503 shares of the oil and gas company’s stock valued at $748,000 after buying an additional 2,990 shares during the last quarter. Finally, HighTower Advisors LLC raised its position in shares of USA Compression Partners by 38.8% in the first quarter. HighTower Advisors LLC now owns 18,250 shares of the oil and gas company’s stock valued at $321,000 after buying an additional 5,102 shares during the last quarter. 22.16% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
USAC has been the topic of a number of recent analyst reports. StockNews.com initiated coverage on shares of USA Compression Partners in a report on Wednesday. They set a “buy” rating on the stock. Mizuho initiated coverage on shares of USA Compression Partners in a report on Wednesday, July 27th. They set a “neutral” rating and a $18.00 price target on the 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.
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