USA Compression Partners LP (NYSE:USAC – Get Rating) declared a quarterly dividend on Thursday, April 14th, Fidelity reports. Shareholders of record on Monday, April 25th will be given a dividend of 0.525 per share by the oil and gas company on Friday, May 6th. This represents a $2.10 dividend on an annualized basis and a yield of 10.73%. The ex-dividend date is Friday, April 22nd. This is a positive change from USA Compression Partners’s previous quarterly dividend of $0.51.
USA Compression Partners has a dividend payout ratio of 2,333.3% 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 $0.11 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 1,909.1%.
USAC stock opened at $19.57 on Wednesday. The firm has a 50-day moving average price of $17.86 and a 200-day moving average price of $16.74. USA Compression Partners has a 12 month low of $14.06 and a 12 month high of $20.14. The company has a current ratio of 1.09, a quick ratio of 0.64 and a debt-to-equity ratio of 19.52. The stock has a market capitalization of $1.91 billion, a P/E ratio of -50.18 and a beta of 2.01.
Several hedge funds have recently modified their holdings of the company. Stifel Financial Corp acquired a new position in shares of USA Compression Partners in the 4th quarter worth approximately $221,000. Wells Fargo & Company MN increased its holdings in USA Compression Partners by 395.2% in the second quarter. Wells Fargo & Company MN now owns 15,350 shares of the oil and gas company’s stock worth $253,000 after purchasing an additional 12,250 shares in the last quarter. Bank of America Corp DE lifted its stake in USA Compression Partners by 5.0% in the fourth quarter. Bank of America Corp DE now owns 28,625 shares of the oil and gas company’s stock valued at $499,000 after buying an additional 1,370 shares during the period. Vident Investment Advisory LLC lifted its stake in USA Compression Partners by 5.9% in the fourth quarter. Vident Investment Advisory LLC now owns 39,513 shares of the oil and gas company’s stock valued at $690,000 after buying an additional 2,193 shares during the period. Finally, Royal Bank of Canada boosted its holdings in shares of USA Compression Partners by 6.2% during the 3rd quarter. Royal Bank of Canada now owns 68,327 shares of the oil and gas company’s stock worth $1,132,000 after buying an additional 4,005 shares in the last quarter. 22.16% of the stock is owned by institutional investors.
A number of brokerages recently weighed in on USAC. Zacks Investment Research lowered USA Compression Partners from a “hold” rating to a “strong sell” rating and set a $15.00 price objective on the stock. in a research report on Wednesday, March 16th. JPMorgan Chase & Co. cut USA Compression Partners from a “neutral” rating to an “underweight” rating and set a $17.00 price target on the stock. in a report on Monday, March 14th. They noted that the move was a valuation call. Finally, StockNews.com began coverage on shares of USA Compression Partners in a report on Thursday, March 31st. They issued a “buy” rating for the company. Three investment analysts have rated the stock with a sell rating and one has assigned a buy rating to the company. According to MarketBeat.com, USA Compression Partners presently has an average rating of “Hold” and a consensus price target of $15.67.
USA Compression Partners Company Profile (Get Rating)
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.
- Get a free copy of the StockNews.com research report on USA Compression Partners (USAC)
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