Usa Compression Partners LP(NYSE:USAC) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Feb 13, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $74.913M. Analysts estimated a revenue of $61.840M. The revenues were 21.14% above the estimates. Earnings per share were $0.05. Analysts had estimated an EPS of $0.05.
Usa Compression Partners LP (USAC) shares turned negative on Wednesdays trading session with the shares closing down -0.03 points or -0.17% at a volume of 2,03,270. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $18.27. The peak price level was also seen at $18.27 while the days lowest was $17.85. Finally the shares closed at $17.94. The 52-week high of the shares is $19.78 while the 52-week low is $7.4. According to the latest information available, the market cap of the company is $1,089 M.
Several Insider Transactions has been reported to the SEC. On Feb 18, 2016, William G Manias (officer ) purchased 10,000 shares at $8.19 per share price.Also, On Dec 10, 2015, Eric D Long (director officer ) purchased 22,000 shares at $12.09 per share price.On May 26, 2015, Private Equity, L.l.c Argonaut (10% owner) purchased 34,921 shares at $22.12 per share price, according to the Form-4 filing with the securities and exchange commission.
USA Compression Partners LP is a provider of compression services in the United States in terms of total compression fleet horsepower. The Companys general partner USA Compression GP LLC manages its operations and activities. It provides services to its customers primarily in connection with infrastructure applications including processing and transportation of natural gas through the domestic pipeline system and crude oil production through artificial lift processes. As part of its services the Company engineer design operate service and repair its fleet of compression units and maintain related support inventory and equipment. The Company has approximately 1549020 horsepower in its fleet. It provides compression services in a number of shale plays throughout the United States including the Utica Marcellus Permian Basin Eagle Ford Mississippi Lime Granite Wash Woodford Barnett Haynesville and Fayetteville shales.