What is Zacks Research’s Estimate for USAC FY2024 Earnings?

USA Compression Partners LP (NYSE:USAC) – Investment analysts at Zacks Research boosted their FY2024 EPS estimates for shares of USA Compression Partners in a research note issued to investors on Monday, January 6th. Zacks Research analyst R. Department now expects that the oil and gas company will earn $0.76 per share 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.

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

Several other brokerages also recently commented on USAC. Citigroup started coverage on shares of USA Compression Partners in a report on Friday, September 27th. They set a “neutral” rating and a $23.00 price target on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $27.00 price objective on shares of USA Compression Partners in a research report on Friday, November 22nd. Finally, Mizuho cut 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 report on Wednesday, October 2nd. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $26.00.

USA Compression Partners Stock Down 0.2 %

USAC stock opened at $23.71 on Wednesday. USA Compression Partners has a twelve month low of $21.06 and a twelve month high of $28.47. The stock has a market capitalization of $2.77 billion, a price-to-earnings ratio of 41.60 and a beta of 1.34. The firm’s fifty day simple moving average is $23.12 and its two-hundred day simple moving average is $22.88.

Institutional Investors Weigh In On USA Compression Partners

Hedge funds have recently bought and sold shares of the stock. Allworth Financial LP lifted its stake in shares of USA Compression Partners by 3,054.8% in the 3rd quarter. Allworth Financial LP now owns 1,325 shares of the oil and gas company’s stock valued at $30,000 after purchasing an additional 1,283 shares during the period. Sunbelt Securities Inc. increased its holdings in USA Compression Partners by 12.2% in the second quarter. Sunbelt Securities Inc. now owns 4,445 shares of the oil and gas company’s stock valued at $105,000 after buying an additional 485 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of USA Compression Partners in the second quarter worth about $204,000. Stifel Financial Corp purchased a new stake in shares of USA Compression Partners during the 3rd quarter worth about $210,000. Finally, Seelaus Asset Management LLC grew its position in shares of USA Compression Partners by 4.6% during the 3rd quarter. Seelaus Asset Management LLC now owns 11,278 shares of the oil and gas company’s stock valued at $258,000 after acquiring an additional 500 shares during the period. 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.