Brokers Set Expectations for USA Compression Partners LP’s Q2 2024 Earnings (NYSE:USAC)

USA Compression Partners LP (NYSE:USACFree Report) – Research analysts at Zacks Research boosted their Q2 2024 earnings per share estimates for shares of USA Compression Partners in a research note issued on Tuesday, May 28th. Zacks Research analyst R. Department now forecasts that the oil and gas company will post earnings of $0.15 per share for the quarter, up from their previous estimate of $0.13. The consensus estimate for USA Compression Partners’ current full-year earnings is $0.72 per share. Zacks Research also issued estimates for USA Compression Partners’ Q3 2024 earnings at $0.19 EPS, Q4 2024 earnings at $0.22 EPS, FY2024 earnings at $0.72 EPS, Q1 2025 earnings at $0.15 EPS, Q2 2025 earnings at $0.22 EPS, Q4 2025 earnings at $0.29 EPS, FY2025 earnings at $0.88 EPS and FY2026 earnings at $1.12 EPS.

USA Compression Partners (NYSE:USACGet Free Report) last announced its earnings results on Tuesday, May 7th. The oil and gas company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. USA Compression Partners had a negative return on equity of 31.50% and a net margin of 9.21%. The company had revenue of $229.28 million for the quarter, compared to analyst estimates of $226.43 million.

USAC has been the subject of a number of other reports. Raymond James boosted their price target on USA Compression Partners from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Tuesday, April 16th. Mizuho upgraded USA Compression Partners from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $23.00 to $26.00 in a report on Thursday. Finally, StockNews.com upgraded USA Compression Partners from a “hold” rating to a “buy” rating in a report on Thursday, May 16th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $25.50.

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USA Compression Partners Trading Up 0.8 %

Shares of NYSE USAC opened at $24.08 on Thursday. USA Compression Partners has a twelve month low of $18.48 and a twelve month high of $28.47. The company has a market capitalization of $2.48 billion, a price-to-earnings ratio of 58.73 and a beta of 1.30. The business has a 50 day simple moving average of $25.25 and a 200-day simple moving average of $25.00.

Institutional Trading of USA Compression Partners

Several institutional investors have recently modified their holdings of USAC. UBS Group AG lifted its holdings in shares of USA Compression Partners by 107.1% during the fourth quarter. UBS Group AG now owns 542,425 shares of the oil and gas company’s stock valued at $12,384,000 after purchasing an additional 280,491 shares during the last quarter. Energy Income Partners LLC lifted its holdings in shares of USA Compression Partners by 7.8% during the first quarter. Energy Income Partners LLC now owns 478,431 shares of the oil and gas company’s stock valued at $12,760,000 after purchasing an additional 34,817 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of USA Compression Partners by 2.2% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 473,414 shares of the oil and gas company’s stock valued at $12,626,000 after purchasing an additional 10,116 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of USA Compression Partners by 39.3% during the fourth quarter. Wells Fargo & Company MN now owns 303,469 shares of the oil and gas company’s stock valued at $6,928,000 after purchasing an additional 85,692 shares during the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC lifted its holdings in shares of USA Compression Partners by 6.7% during the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 224,114 shares of the oil and gas company’s stock valued at $5,347,000 after purchasing an additional 14,000 shares during the last quarter. Institutional investors and hedge funds own 47.77% of the company’s stock.

Insider Buying and Selling

In other USA Compression Partners news, Director Bradford D. Whitehurst purchased 10,000 shares of USA Compression Partners stock in a transaction on Friday, May 10th. The stock was bought at an average price of $24.66 per share, for a total transaction of $246,600.00. Following the transaction, the director now owns 13,616 shares of the company’s stock, valued at approximately $335,770.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, major shareholder Veteran Equity Aggregator Eig sold 9,713 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $25.14, for a total value of $244,184.82. Following the completion of the sale, the insider now owns 5,827,680 shares in the company, valued at $146,507,875.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Bradford D. Whitehurst acquired 10,000 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was purchased at an average price of $24.66 per share, with a total value of $246,600.00. Following the acquisition, the director now owns 13,616 shares of the company’s stock, valued at $335,770.56. The disclosure for this purchase can be found here. Insiders sold a total of 6,114,954 shares of company stock worth $153,457,808 in the last three months.

USA Compression Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 3rd. Investors of record on Monday, April 22nd were paid a dividend of $0.525 per share. The ex-dividend date of this dividend was Friday, April 19th. This represents a $2.10 dividend on an annualized basis and a yield of 8.72%. USA Compression Partners’s payout ratio is currently 512.20%.

About USA Compression Partners

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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.

See Also

Earnings History and Estimates for USA Compression Partners (NYSE:USAC)

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