Research Analysts Issue Forecasts for USAC FY2024 Earnings

USA Compression Partners LP (NYSE:USAC) – Equities research analysts at Zacks Research lowered their FY2024 earnings per share (EPS) estimates for shares of USA Compression Partners in a report released on Tuesday, November 26th. Zacks Research analyst R. Department now expects that the oil and gas company will post earnings of $0.74 per share for the year, down from their prior forecast of $0.78. The consensus estimate for USA Compression Partners’ current full-year earnings is $0.81 per share. Zacks Research also issued estimates for USA Compression Partners’ Q4 2024 earnings at $0.24 EPS, Q1 2025 earnings at $0.19 EPS, Q2 2025 earnings at $0.25 EPS, Q3 2025 earnings at $0.25 EPS, FY2025 earnings at $0.98 EPS, Q2 2026 earnings at $0.29 EPS, Q3 2026 earnings at $0.28 EPS and FY2026 earnings at $1.22 EPS.

USA Compression Partners (NYSE:USAC) last released its earnings results on Tuesday, November 5th. The oil and gas company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.07). USA Compression Partners had a negative return on equity of 47.53% and a net margin of 9.36%. The firm 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 earned $0.09 earnings per share.

Several other analysts have also issued reports on USAC. Royal Bank of Canada reissued a “sector perform” rating and issued a $27.00 price target on shares of USA Compression Partners in a research report on Friday, November 22nd. Mizuho dropped their target price 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. Finally, Citigroup began coverage on USA Compression Partners in a research report on Friday, September 27th. They issued a “neutral” rating and a $23.00 price target for the company. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $26.00.

USA Compression Partners Stock Performance

Shares of USAC opened at $23.93 on Thursday. The firm has a market cap of $2.80 billion, a P/E ratio of 41.98 and a beta of 1.32. USA Compression Partners has a fifty-two week low of $21.06 and a fifty-two week high of $28.47. The business has a 50-day moving average of $22.81 and a 200 day moving average of $23.07.

USA Compression Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Monday, October 21st were issued a $0.525 dividend. The ex-dividend date was Monday, October 21st. This represents a $2.10 annualized dividend and a dividend yield of 8.78%. USA Compression Partners’s payout ratio is currently 368.42%.

Institutional Trading of USA Compression Partners

Institutional investors and hedge funds have recently modified their holdings of the business. Raymond James Financial Services Advisors Inc. increased its position in shares of USA Compression Partners by 12.7% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 533,424 shares of the oil and gas company’s stock worth $12,658,000 after purchasing an additional 60,010 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in USA Compression Partners by 0.4% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 211,521 shares of the oil and gas company’s stock worth $4,848,000 after buying an additional 833 shares in the last quarter. Objectivity Squared LLC increased its holdings in shares of USA Compression Partners by 2.3% in the 3rd quarter. Objectivity Squared LLC now owns 206,843 shares of the oil and gas company’s stock worth $4,768,000 after buying an additional 4,644 shares during the last quarter. Infrastructure Capital Advisors LLC increased its holdings in shares of USA Compression Partners by 14.9% in the 3rd quarter. Infrastructure Capital Advisors LLC now owns 196,206 shares of the oil and gas company’s stock worth $4,497,000 after buying an additional 25,439 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its position in shares of USA Compression Partners by 12.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 93,523 shares of the oil and gas company’s stock valued at $2,144,000 after buying an additional 10,592 shares in the last quarter. Hedge funds and other institutional investors own 47.77% of the company’s stock.

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.