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

USA Compression Partners LP (NYSE:USAC) declared a quarterly dividend on Thursday, October 10th, Wall Street Journal reports. Investors of record on Monday, October 21st will be paid a dividend of 0.525 per share by the oil and gas company on Friday, November 1st. This represents a $2.10 dividend on an annualized basis and a dividend yield of 9.42%. The ex-dividend date of this dividend is Monday, October 21st.

USA Compression Partners has a dividend payout ratio of 196.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 $22.30 on Friday. The stock has a market cap of $2.30 billion, a PE ratio of 54.39 and a beta of 1.32. The stock’s fifty day moving average is $22.45 and its two-hundred day moving average is $23.58. USA Compression Partners has a 1-year low of $21.06 and a 1-year high of $28.47.

USA Compression Partners (NYSE:USAC) last issued its earnings results on Tuesday, August 6th. The oil and gas company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.04. The business had revenue of $235.31 million for the quarter, compared to analyst estimates of $232.86 million. USA Compression Partners had a negative return on equity of 40.62% and a net margin of 9.77%. On average, research analysts expect that USA Compression Partners will post 0.82 earnings per share for the current fiscal year.

Insider Buying and Selling

In other USA Compression Partners news, insider Eric D. Long sold 1,786 shares of USA Compression Partners stock in a transaction on Monday, August 26th. The shares were sold at an average price of $22.81, for a total value of $40,738.66. Following the transaction, the insider now directly owns 307,026 shares in the company, valued at approximately $7,003,263.06. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider Eric D. Long sold 21,396 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $22.27, for a total transaction of $476,488.92. Following the completion of the sale, the insider now directly owns 1,786 shares of the company’s stock, valued at $39,774.22. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Eric D. Long sold 1,786 shares of USA Compression Partners stock in a transaction on Monday, August 26th. The shares were sold at an average price of $22.81, for a total transaction of $40,738.66. Following the completion of the transaction, the insider now owns 307,026 shares in the company, valued at approximately $7,003,263.06. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Mizuho reduced their price objective on shares of USA Compression Partners from $25.00 to $24.00 and set a “neutral” rating for the company in a research report on Wednesday, October 2nd. StockNews.com cut shares of USA Compression Partners from a “buy” rating to a “hold” rating in a research report on Thursday, July 11th. Royal Bank of Canada raised their price objective on USA Compression Partners from $26.00 to $27.00 and gave the stock a “sector perform” rating in a report on Wednesday. Finally, Citigroup assumed coverage on USA Compression Partners in a research report on Friday, September 27th. They set a “neutral” rating and a $23.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $25.60.

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.