USA Compression Partners LP (NYSE:USAC) Given Consensus Recommendation of “Hold” by Brokerages

Shares of USA Compression Partners LP (NYSE:USAC) have been assigned an average rating of “Hold” from the five research firms that are presently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $25.80.

A number of research analysts have recently issued reports on the stock. Citigroup assumed coverage on shares of USA Compression Partners in a research report on Friday, September 27th. They issued a “neutral” rating and a $23.00 price objective on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $26.00 price objective on shares of USA Compression Partners in a research report on Thursday, September 12th. Finally, StockNews.com downgraded shares of USA Compression Partners from a “buy” rating to a “hold” rating in a research report on Thursday, July 11th.

USA Compression Partners Stock Performance

NYSE USAC opened at $23.18 on Friday. The company’s 50-day simple moving average is $22.34 and its two-hundred day simple moving average is $23.97. USA Compression Partners has a one year low of $21.06 and a one year high of $28.47. The company has a market capitalization of $2.71 billion, a price-to-earnings ratio of 56.54 and a beta of 1.32.

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

USA Compression Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 2nd. Shareholders of record on Monday, July 22nd were given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 9.06%. The ex-dividend date was Monday, July 22nd. USA Compression Partners’s dividend payout ratio is presently 512.20%.

Insiders Place Their Bets

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

Hedge Funds Weigh In On USA Compression Partners

Large investors have recently made changes to their positions in the company. Creekmur Asset Management LLC acquired a new position in shares of USA Compression Partners in the 4th quarter valued at $46,000. Sunbelt Securities Inc. raised its position in USA Compression Partners by 12.2% during the second quarter. Sunbelt Securities Inc. now owns 4,445 shares of the oil and gas company’s stock worth $105,000 after acquiring an additional 485 shares during the period. F&V Capital Management LLC acquired a new position in USA Compression Partners during the first quarter worth $209,000. Sanctuary Advisors LLC acquired a new position in USA Compression Partners during the second quarter worth $204,000. Finally, TSA Wealth Managment LLC acquired a new position in USA Compression Partners during the first quarter worth $232,000. 47.77% of the stock is currently owned by institutional investors and hedge funds.

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.