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

Shares of USA Compression Partners LP (NYSE:USAC) have received a consensus rating of “Hold” from the five brokerages that are presently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $25.80.

A number of brokerages recently issued reports on USAC. StockNews.com downgraded shares of USA Compression Partners from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th. Mizuho raised shares of USA Compression Partners from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $23.00 to $26.00 in a research report on Thursday, May 30th. Royal Bank of Canada reissued a “sector perform” rating and issued a $26.00 target price on shares of USA Compression Partners in a report on Thursday, September 12th. Finally, Citigroup started coverage on USA Compression Partners in a report on Friday. They set a “neutral” rating and a $23.00 price target for the company.

Insider Buying and Selling at USA Compression Partners

In related news, insider Eric D. Long sold 1,786 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $22.81, for a total transaction of $40,738.66. Following the transaction, the insider now owns 307,026 shares in the company, valued at approximately $7,003,263.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Eric D. Long sold 1,786 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $22.81, for a total value of $40,738.66. Following the completion of the sale, the insider now owns 307,026 shares in the company, valued at approximately $7,003,263.06. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Eric D. Long sold 21,396 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $22.27, for a total transaction of $476,488.92. Following the transaction, the insider now directly owns 1,786 shares in the company, valued at $39,774.22. The disclosure for this sale can be found here.

Hedge Funds Weigh In On USA Compression Partners

Institutional investors have recently added to or reduced their stakes in the stock. Creekmur Asset Management LLC acquired a new position in shares of USA Compression Partners during the fourth quarter worth about $46,000. Sunbelt Securities Inc. increased its holdings in shares of USA Compression Partners by 12.2% in the 2nd quarter. Sunbelt Securities Inc. now owns 4,445 shares of the oil and gas company’s stock valued at $105,000 after purchasing an additional 485 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of USA Compression Partners in the second quarter valued at about $204,000. F&V Capital Management LLC purchased a new stake in USA Compression Partners during the first quarter worth about $209,000. Finally, TSA Wealth Managment LLC acquired a new position in USA Compression Partners during the first quarter worth about $232,000. Institutional investors and hedge funds own 47.77% of the company’s stock.

USA Compression Partners Stock Up 1.6 %

USAC stock traded up $0.36 during midday trading on Friday, hitting $22.50. The company’s stock had a trading volume of 6,815 shares, compared to its average volume of 377,409. The firm has a 50-day simple moving average of $22.43 and a 200-day simple moving average of $24.09. The firm has a market capitalization of $2.63 billion, a P/E ratio of 55.10 and a beta of 1.32. USA Compression Partners has a 52-week low of $21.06 and a 52-week high of $28.47.

USA Compression Partners (NYSE:USAC) last released its earnings results on Tuesday, August 6th. The oil and gas company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. USA Compression Partners had a negative return on equity of 40.62% and a net margin of 9.77%. The firm had revenue of $235.31 million during the quarter, compared to analyst estimates of $232.86 million. On average, sell-side analysts expect that USA Compression Partners will post 0.82 earnings per share for the current fiscal year.

USA Compression Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 2nd. Investors of record on Monday, July 22nd were given a $0.525 dividend. The ex-dividend date of this dividend was Monday, July 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 9.33%. USA Compression Partners’s dividend payout ratio (DPR) is presently 512.20%.

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.