-$0.03 EPS Expected for USA Compression Partners LP (USAC) This Quarter

Wall Street brokerages expect USA Compression Partners LP (NYSE:USAC) to report earnings per share of ($0.03) for the current quarter, Zacks reports. Four analysts have provided estimates for USA Compression Partners’ earnings, with the lowest EPS estimate coming in at ($0.05) and the highest estimate coming in at ($0.01). USA Compression Partners reported earnings per share of $0.07 in the same quarter last year, which suggests a negative year-over-year growth rate of 142.9%. The firm is expected to issue its next quarterly earnings report on Tuesday, November 6th.

According to Zacks, analysts expect that USA Compression Partners will report full-year earnings of ($0.29) per share for the current fiscal year, with EPS estimates ranging from ($0.37) to ($0.20). For the next year, analysts forecast that the business will post earnings of $0.20 per share, with EPS estimates ranging from ($0.12) to $0.48. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for USA Compression Partners.

USA Compression Partners (NYSE:USAC) last issued its earnings results on Tuesday, August 7th. The oil and gas company reported ($0.64) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.56). USA Compression Partners had a positive return on equity of 2.24% and a negative net margin of 0.72%. The company had revenue of $166.90 million during the quarter, compared to analyst estimates of $151.67 million.

A number of analysts have issued reports on the company. Zacks Investment Research raised USA Compression Partners from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Wednesday. Mitsubishi UFJ Financial Group assumed coverage on USA Compression Partners in a research note on Wednesday, September 5th. They issued an “overweight” rating and a $22.00 target price for the company. ValuEngine raised USA Compression Partners from a “hold” rating to a “buy” rating in a research note on Wednesday, August 8th. Wells Fargo & Co cut their target price on USA Compression Partners from $20.00 to $19.00 and set a “market perform” rating for the company in a research note on Thursday, September 13th. Finally, B. Riley reaffirmed a “buy” rating and issued a $21.00 target price on shares of USA Compression Partners in a research note on Friday, August 31st. One analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. USA Compression Partners has an average rating of “Buy” and a consensus target price of $20.29.

Shares of USAC opened at $16.63 on Tuesday. USA Compression Partners has a 52-week low of $15.48 and a 52-week high of $19.33. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 103.94 and a beta of 1.21. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.39 and a quick ratio of 0.86.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. OppenheimerFunds Inc. grew its holdings in shares of USA Compression Partners by 21.9% during the 2nd quarter. OppenheimerFunds Inc. now owns 9,020,191 shares of the oil and gas company’s stock worth $151,810,000 after purchasing an additional 1,618,796 shares during the period. Perella Weinberg Partners Capital Management LP grew its holdings in shares of USA Compression Partners by 134.8% during the 2nd quarter. Perella Weinberg Partners Capital Management LP now owns 1,051,564 shares of the oil and gas company’s stock worth $17,698,000 after purchasing an additional 603,657 shares during the period. Bank of America Corp DE grew its holdings in shares of USA Compression Partners by 122.7% during the 2nd quarter. Bank of America Corp DE now owns 463,227 shares of the oil and gas company’s stock worth $7,796,000 after purchasing an additional 255,201 shares during the period. Renaissance Technologies LLC grew its holdings in shares of USA Compression Partners by 88.6% during the 2nd quarter. Renaissance Technologies LLC now owns 323,300 shares of the oil and gas company’s stock worth $5,441,000 after purchasing an additional 151,900 shares during the period. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in shares of USA Compression Partners by 32.2% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 230,008 shares of the oil and gas company’s stock worth $3,871,000 after purchasing an additional 56,025 shares during the period. Institutional investors and hedge funds own 42.17% of the company’s stock.

USA Compression Partners Company Profile

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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