USA Compression Partners LP (NYSE:USAC) Major Shareholder Sells $244,184.82 in Stock

USA Compression Partners LP (NYSE:USAC) major shareholder Veteran Equity Aggregator Eig sold 9,713 shares of the stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $25.14, for a total transaction of $244,184.82. Following the transaction, the insider now owns 5,827,680 shares of the company’s stock, valued at approximately $146,507,875.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Veteran Equity Aggregator Eig also recently made the following trade(s):

• On Tuesday, May 7th, Veteran Equity Aggregator Eig sold 24,565 shares of USA Compression Partners stock. The shares were sold at an average price of $24.87, for a total transaction of $610,931.55.
• On Thursday, April 4th, Veteran Equity Aggregator Eig sold 5,889,297 shares of USA Compression Partners stock. The stock was sold at an average price of $25.12, for a total value of $147,939,140.64.

USA Compression Partners Stock Performance

USA Compression Partners stock traded down $0.12 during mid-day trading on Thursday, hitting $25.06. The company’s stock had a trading volume of 241,198 shares, compared to its average volume of 386,140. The company has a 50 day moving average of $26.09 and a 200-day moving average of $25.13. USA Compression Partners LP has a one year low of $18.48 and a one year high of $28.47. The stock has a market cap of $2.58 billion, a PE ratio of 119.32 and a beta of 1.30.

USA Compression Partners (NYSE:USAC) last issued its earnings results on Tuesday, February 13th. The oil and gas company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02). The company had revenue of $225.05 million for the quarter, compared to analysts’ expectations of $221.50 million. USA Compression Partners had a net margin of 8.07% and a negative return on equity of 31.81%. During the same period in the prior year, the firm posted ($0.04) earnings per share. On average, equities research analysts forecast that USA Compression Partners LP will post 0.59 EPS for the current fiscal year.

USA Compression Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 3rd. Shareholders of record on Monday, April 22nd were paid a $0.525 dividend. The ex-dividend date was Friday, April 19th. This represents a $2.10 dividend on an annualized basis and a yield of 8.38%. USA Compression Partners’s dividend payout ratio is currently 1,000.05%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on USAC. StockNews.com upgraded USA Compression Partners from a “hold” rating to a “buy” rating in a report on Wednesday. Mizuho lifted their price objective on shares of USA Compression Partners from $22.00 to $23.00 and gave the stock an “underperform” rating in a research note on Wednesday, February 14th. Finally, Raymond James boosted their price objective on shares of USA Compression Partners from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, USA Compression Partners presently has a consensus rating of “Hold” and an average target price of $24.75.

Institutional Trading of USA Compression Partners

Several institutional investors and hedge funds have recently modified their holdings of the stock. Creekmur Asset Management LLC bought a new position in USA Compression Partners in the fourth quarter worth approximately $46,000. Seelaus Asset Management LLC lifted its holdings in shares of USA Compression Partners by 19.5% in the 3rd quarter. Seelaus Asset Management LLC now owns 12,278 shares of the oil and gas company’s stock worth $293,000 after buying an additional 2,000 shares during the period. JNBA Financial Advisors bought a new position in shares of USA Compression Partners during the 4th quarter worth $46,000. Tower Research Capital LLC TRC increased its stake in shares of USA Compression Partners by 914.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,196 shares of the oil and gas company’s stock valued at $73,000 after buying an additional 2,881 shares during the period. Finally, American Financial Group Inc. raised its holdings in shares of USA Compression Partners by 9.3% in the third quarter. American Financial Group Inc. now owns 35,150 shares of the oil and gas company’s stock valued at $839,000 after acquiring an additional 3,000 shares in the last quarter. Institutional investors own 47.77% 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.