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

USA Compression Partners LP (NYSE:USAC - Get Free Report) declared a quarterly dividend on Monday, April 21st, investing.com reports. Stockholders of record on Monday, April 28th will be paid a dividend of 0.525 per share by the oil and gas company on Friday, May 9th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 8.22%. The ex-dividend date is Monday, April 28th. This is a 2.9% increase from USA Compression Partners's previous quarterly dividend of $0.51.

USA Compression Partners has a payout ratio of 178.0% 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 $1.26 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 166.7%.

USA Compression Partners Stock Performance

Shares of USAC traded up $0.44 during mid-day trading on Thursday, hitting $25.54. 104,596 shares of the stock were exchanged, compared to its average volume of 351,385. The firm has a 50-day moving average of $25.99 and a two-hundred day moving average of $24.64. USA Compression Partners has a 52-week low of $21.06 and a 52-week high of $30.10. The company has a market cap of $3.00 billion, a PE ratio of 34.99 and a beta of 0.84.

USA Compression Partners (NYSE:USAC - Get Free Report) last announced its earnings results on Tuesday, February 11th. The oil and gas company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.06). USA Compression Partners had a net margin of 10.48% and a negative return on equity of 62.46%. On average, sell-side analysts predict that USA Compression Partners will post 1.05 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their price target on USA Compression Partners from $23.00 to $24.00 and gave the stock an "underweight" rating in a report on Tuesday, March 11th. Mizuho upped their target price on USA Compression Partners from $24.00 to $26.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. Finally, Citigroup lifted their price objective on USA Compression Partners from $24.00 to $27.00 and gave the company a "neutral" rating in a report on Tuesday, February 25th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $26.00.

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.