USA Compression Partners LP (NYSE:USAC) Receives Consensus Rating of “Hold” from Brokerages

USA Compression Partners LP (NYSE:USAC) has been given an average recommendation of “Hold” by the four brokerages that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $26.50.

Several research firms recently issued reports on USAC. StockNews.com cut shares of USA Compression Partners from a “buy” rating to a “hold” rating in a report on Thursday. Raymond James increased their price target on shares of USA Compression Partners from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 16th. Mizuho upgraded USA Compression Partners from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $23.00 to $26.00 in a research note on Thursday, May 30th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $26.00 price objective on shares of USA Compression Partners in a research note on Tuesday, June 11th.

USA Compression Partners Stock Performance

NYSE:USAC opened at $24.12 on Monday. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of 58.83 and a beta of 1.33. USA Compression Partners has a one year low of $19.60 and a one year high of $28.47. The business’s 50-day simple moving average is $24.04 and its 200 day simple moving average is $24.89.

USA Compression Partners (NYSE:USAC) last posted its quarterly earnings data on Tuesday, May 7th. The oil and gas company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.04. The company had revenue of $229.28 million for the quarter, compared to the consensus estimate of $226.43 million. USA Compression Partners had a negative return on equity of 31.50% and a net margin of 9.21%. On average, equities research analysts predict that USA Compression Partners will post 0.77 EPS for the current year.

USA Compression Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Shareholders of record on Monday, July 22nd will be issued a $0.525 dividend. The ex-dividend date is Monday, July 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 8.71%. USA Compression Partners’s dividend payout ratio is currently 512.20%.

Insider Activity

In related news, major shareholder Veteran Equity Aggregator Eig sold 9,713 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $25.14, for a total value of $244,184.82. Following the sale, the insider now owns 5,827,680 shares of the company’s stock, valued at approximately $146,507,875.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, major shareholder Veteran Equity Aggregator Eig sold 9,713 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $25.14, for a total value of $244,184.82. Following the sale, 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 filing with the SEC, which can be accessed through this hyperlink. Also, Director Bradford D. Whitehurst bought 10,000 shares of USA Compression Partners stock in a transaction on Friday, May 10th. The shares were purchased at an average cost of $24.66 per share, with a total value of $246,600.00. Following the completion of the purchase, the director now directly owns 13,616 shares in the company, valued at $335,770.56. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 3,014,817 shares of company stock valued at $69,682,572.

Institutional Trading of USA Compression Partners

Hedge funds have recently added to or reduced their stakes in the business. JNBA Financial Advisors bought a new stake in shares of USA Compression Partners during the fourth quarter valued at about $46,000. Creekmur Asset Management LLC acquired a new stake in shares of USA Compression Partners in the 4th quarter worth approximately $46,000. Tower Research Capital LLC TRC boosted its holdings in shares of USA Compression Partners by 914.6% in 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 acquiring an additional 2,881 shares in the last quarter. Atria Wealth Solutions Inc. acquired a new position in shares of USA Compression Partners during the fourth quarter valued at approximately $207,000. Finally, F&V Capital Management LLC bought a new stake in USA Compression Partners during the first quarter worth approximately $209,000. Institutional investors 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.