FY2024 EPS Estimates for USAC Increased by Zacks Research

USA Compression Partners LP (NYSE:USAC) – Equities research analysts at Zacks Research boosted their FY2024 EPS estimates for USA Compression Partners in a research report issued to clients and investors on Monday, January 6th. Zacks Research analyst R. Department now forecasts that the oil and gas company will post earnings of $0.76 per share for the year, up from their prior 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 issued its quarterly 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 company had revenue of $239.97 million for the quarter, compared to analyst estimates of $238.37 million. During the same period in the prior year, the company earned $0.09 EPS.

Several other analysts have also issued reports on the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $27.00 price target on shares of USA Compression Partners in a research report on Friday, November 22nd. Mizuho reduced their target price on USA Compression Partners from $25.00 to $24.00 and set a “neutral” rating on the stock in a report on Wednesday, October 2nd. Finally, Citigroup assumed coverage on USA Compression Partners in a report on Friday, September 27th. They set 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 assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $26.00.

USA Compression Partners Stock Down 0.2 %

USAC opened at $23.71 on Wednesday. The stock has a market capitalization of $2.77 billion, a price-to-earnings ratio of 41.60 and a beta of 1.34. USA Compression Partners has a twelve month low of $21.06 and a twelve month high of $28.47. The company has a 50-day simple moving average of $23.16 and a 200 day simple moving average of $22.89.

Hedge Funds Weigh In On USA Compression Partners

A number of institutional investors and hedge funds have recently bought and sold shares of USAC. Infrastructure Capital Advisors LLC raised its stake in shares of USA Compression Partners by 14.9% during the third quarter. Infrastructure Capital Advisors LLC now owns 196,206 shares of the oil and gas company’s stock valued at $4,497,000 after acquiring an additional 25,439 shares during the last quarter. Americana Partners LLC bought a new position in USA Compression Partners during the 3rd quarter worth $322,000. Chicago Partners Investment Group LLC lifted its holdings in USA Compression Partners by 20.7% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 75,770 shares of the oil and gas company’s stock worth $1,663,000 after buying an additional 12,978 shares during the period. D.A. Davidson & CO. bought a new stake in shares of USA Compression Partners in the 3rd quarter valued at about $279,000. Finally, Childress Capital Advisors LLC increased its stake in shares of USA Compression Partners by 61.1% in the third quarter. Childress Capital Advisors LLC now owns 31,250 shares of the oil and gas company’s stock valued at $716,000 after buying an additional 11,850 shares during the period. Institutional investors and hedge funds 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.