Zacks Research Has Strong Forecast for USAC FY2024 Earnings

USA Compression Partners LP (NYSE:USAC - Free Report) - Equities research analysts at Zacks Research increased their FY2024 earnings per share (EPS) estimates for shares of USA Compression Partners in a research note issued on Monday, January 6th. Zacks Research analyst R. Department now anticipates that the oil and gas company will post earnings per share of $0.76 for the year, up from their previous estimate of $0.75. The consensus estimate for USA Compression Partners' current full-year earnings is $0.80 per share. Zacks Research also issued estimates for USA Compression Partners' Q4 2024 earnings at $0.26 EPS, Q1 2025 earnings at $0.21 EPS, Q4 2025 earnings at $0.31 EPS, FY2025 earnings at $1.01 EPS and FY2026 earnings at $1.26 EPS.

USAC has been the subject of a number of other reports. Royal Bank of Canada reissued a "sector perform" rating and set a $27.00 price objective on shares of USA Compression Partners in a research note on Friday, November 22nd. Citigroup began coverage on USA Compression Partners in a research report on Friday, September 27th. They set a "neutral" rating and a $23.00 price target for the company. Finally, Mizuho reduced their price objective on USA Compression Partners from $25.00 to $24.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 2nd. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $26.00.

USA Compression Partners Price Performance

Shares of USAC stock traded down $0.04 during midday trading on Wednesday, reaching $23.71. 157,627 shares of the company traded hands, compared to its average volume of 338,985. The firm's 50 day simple moving average is $23.09 and its two-hundred day simple moving average is $22.88. The firm has a market cap of $2.77 billion, a PE ratio of 41.60 and a beta of 1.34. USA Compression Partners has a 1-year low of $21.06 and a 1-year high of $28.47.

USA Compression Partners (NYSE:USAC - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The oil and gas company reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.07). The company had revenue of $239.97 million for the quarter, compared to analyst estimates of $238.37 million. USA Compression Partners had a negative return on equity of 47.53% and a net margin of 9.36%. During the same period last year, the company earned $0.09 earnings per share.

Hedge Funds Weigh In On USA Compression Partners

Several institutional investors and hedge funds have recently bought and sold shares of USAC. Infrastructure Capital Advisors LLC increased its stake in USA Compression Partners by 14.9% during the third quarter. Infrastructure Capital Advisors LLC now owns 196,206 shares of the oil and gas company's stock worth $4,497,000 after acquiring an additional 25,439 shares during the last quarter. Americana Partners LLC acquired a new stake in USA Compression Partners during the 3rd quarter worth approximately $322,000. Chicago Partners Investment Group LLC increased its position in USA Compression Partners by 20.7% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 75,770 shares of the oil and gas company's stock worth $1,663,000 after purchasing an additional 12,978 shares in the last quarter. D.A. Davidson & CO. purchased a new position in USA Compression Partners in the third quarter valued at approximately $279,000. Finally, Childress Capital Advisors LLC lifted its position in USA Compression Partners by 61.1% during the third quarter. Childress Capital Advisors LLC now owns 31,250 shares of the oil and gas company's stock valued at $716,000 after buying an additional 11,850 shares in the last quarter. Institutional investors and hedge funds own 47.77% of the company's stock.

USA Compression Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Monday, October 21st were paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 8.86%. The ex-dividend date of this dividend was Monday, October 21st. USA Compression Partners's dividend payout ratio is currently 368.42%.

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.