USA Compression Partners LP (USAC) to Issue Quarterly Dividend of $0.53 on February 7th

USA Compression Partners LP (NYSE:USAC) announced a quarterly dividend on Thursday, January 16th,RTT News reports. Stockholders of record on Monday, January 27th will be given a dividend of 0.525 per share by the oil and gas company on Friday, February 7th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 8.16%. The ex-dividend date of this dividend is Monday, January 27th.

USA Compression Partners has a dividend payout ratio of 165.4% 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 $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 Stock Performance

USA Compression Partners stock opened at $25.75 on Friday. The company’s fifty day moving average price is $23.47 and its 200 day moving average price is $22.94. The stock has a market capitalization of $3.01 billion, a P/E ratio of 45.17 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) last issued 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). USA Compression Partners had a net margin of 9.36% and a negative return on equity of 47.53%. The company had revenue of $239.97 million during the quarter, compared to analysts’ expectations of $238.37 million. During the same period in the prior year, the business posted $0.09 earnings per share. Sell-side analysts predict that USA Compression Partners will post 0.8 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $27.00 price objective on shares of USA Compression Partners in a research report on Friday, November 22nd. Citigroup began coverage on USA Compression Partners in a research note on Friday, September 27th. They issued a “neutral” rating and a $23.00 target price for the company. Finally, Mizuho lowered their price target on shares of 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 research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, USA Compression Partners presently has a consensus rating of “Hold” and an average target price of $26.00.

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.