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

USA Compression Partners LP (NYSE:USACGet Free Report) announced a quarterly dividend on Thursday, January 11th, investing.com reports. Investors of record on Monday, January 22nd will be paid a dividend of 0.525 per share by the oil and gas company on Friday, February 2nd. This represents a $2.10 dividend on an annualized basis and a yield of 8.43%. The ex-dividend date is Friday, January 19th. This is a positive change from USA Compression Partners’s previous quarterly dividend of $0.51.

USA Compression Partners has a payout ratio of 280.0% 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 $0.58 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 362.1%.

USA Compression Partners Stock Performance

Shares of NYSE:USAC opened at $24.90 on Thursday. The company has a 50-day simple moving average of $24.32 and a 200-day simple moving average of $22.99. USA Compression Partners has a one year low of $18.48 and a one year high of $26.61. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of 166.00 and a beta of 1.34.

USA Compression Partners (NYSE:USACGet Free Report) last announced its earnings results on Tuesday, October 31st. The oil and gas company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). The business had revenue of $217.09 million during the quarter, compared to analysts’ expectations of $208.37 million. USA Compression Partners had a net margin of 7.86% and a negative return on equity of 32.50%. As a group, research analysts forecast that USA Compression Partners will post 0.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. StockNews.com cut shares of USA Compression Partners from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. Mizuho lowered shares of USA Compression Partners from a “neutral” rating to an “underperform” rating and set a $22.00 target price on the stock. in a research report on Friday, September 29th. Finally, Stifel Nicolaus upped their target price on shares of USA Compression Partners from $22.00 to $24.00 and gave the stock a “hold” rating in a research report on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $22.00.

Read Our Latest Analysis on USAC

Insider Activity

In other news, Director Veteran Equity Aggregator Eig sold 3,365 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $25.88, for a total value of $87,086.20. Following the sale, the director now directly owns 2,432,109 shares in the company, valued at $62,942,980.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Veteran Equity Aggregator Eig sold 3,365 shares of USA Compression Partners stock in a transaction on Friday, November 17th. The shares were sold at an average price of $25.88, for a total transaction of $87,086.20. Following the transaction, the director now owns 2,432,109 shares in the company, valued at approximately $62,942,980.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Eric D. Long sold 150,170 shares of USA Compression Partners stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $25.70, for a total transaction of $3,859,369.00. Following the sale, the insider now directly owns 386,455 shares in the company, valued at approximately $9,931,893.50. The disclosure for this sale can be found here. Insiders have sold 2,069,880 shares of company stock worth $50,542,481 over the last ninety days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Belpointe Asset Management LLC lifted its stake in shares of USA Compression Partners by 232.9% in the 1st quarter. Belpointe Asset Management LLC now owns 1,235 shares of the oil and gas company’s stock worth $26,000 after acquiring an additional 864 shares during the period. State of Wyoming acquired a new stake in shares of USA Compression Partners in the 4th quarter worth approximately $32,000. Tower Research Capital LLC TRC lifted its stake in shares of USA Compression Partners by 2,232.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,915 shares of the oil and gas company’s stock worth $51,000 after acquiring an additional 2,790 shares during the period. Barclays PLC lifted its stake in shares of USA Compression Partners by 1,102.9% in the 1st quarter. Barclays PLC now owns 2,887 shares of the oil and gas company’s stock worth $61,000 after acquiring an additional 2,647 shares during the period. Finally, Credit Suisse AG acquired a new stake in shares of USA Compression Partners in the 2nd quarter worth approximately $87,000. 23.51% of the stock is owned by institutional investors and hedge funds.

About USA Compression Partners

(Get Free Report)

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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Dividend History for USA Compression Partners (NYSE:USAC)

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