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Bull Of The Day: USA Compression Partners (USAC)

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USA Compression Partners (USAC - Free Report) is a Zacks Rank #1 (Strong Buy) that has a D for Value and a B for Growth.  USAC is one of the largest independent natural gas compression services and they recently increased pricing by more than 11%.  Since that time, the stock has moved higher. Let’s explore more about this company in this Bull of The Day article.

Description

SA Compression Partners LP engages in the provision of compression services in terms of total compression fleet horsepower. Its services include processing and transportation of natural gas through the domestic pipeline system and enhancing crude oil production through artificial lift processes. The company was founded by Eric Dee Long in1998 and is headquartered in Austin, TX.

Earnings History

When I look at a stock, the first thing I do is look to see if the company is beating the number.  This tells me right away where the market’s expectations have been for the company and how management has communicated to the market.  A stock that consistently beats has management communicating expectations to Wall Street that can be achieved.  That is what you want to see.

For USA Compression Partners, I see one beat and three misses of the Zacks Consensus Estimate.  The good news in that is the most recent quarter was the beat.

Earnings Estimates Revisions

Earnings estimates revisions is what the Zacks Rank is all about. 

For USAC, estimates are moving higher.

This quarter has moved from $0.10 to $0.11.

Next quarter is holding still at $0.13.

The full year 2023 has seen estimates move from $0.30 to $0.31 over the last 60 days.

Next fiscal year has seen a move higher from $0.55 to $0.60 over the same period.

Valuation

The valuation is a little high, but the growth suggests that the stock should see a more reasonable valuation soon.  The forward PE is 82x, but if we stretch the time horizon out to next year, we see the number cut in half.  The price to sales comes in a 3.2x and the company has seen operating margins move from 5.15% to 6.35%.


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