USA Compression Partners (NYSE:USAC) Hits New 52-Week High – Time to Buy?

USA Compression Partners LP (NYSE:USAC)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $30.10 and last traded at $29.30, with a volume of 1727233 shares. The stock had previously closed at $28.79.

Wall Street Analyst Weigh In

USAC has been the subject of several research reports. Mizuho increased their price objective on USA Compression Partners from $24.00 to $26.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Royal Bank of Canada reiterated a “sector perform” rating and set a $27.00 price target on shares of USA Compression Partners in a research note on Friday, November 22nd. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $26.50.

USA Compression Partners Trading Down 4.5 %

The company’s fifty day moving average is $24.59 and its 200 day moving average is $23.29. The company has a market capitalization of $3.16 billion, a P/E ratio of 47.35 and a beta of 1.34.

USA Compression Partners (NYSE:USAC) last posted its quarterly earnings results on Tuesday, February 11th. The oil and gas company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.06). USA Compression Partners had a negative return on equity of 47.53% and a net margin of 9.36%. Equities research analysts predict that USA Compression Partners LP will post 0.8 EPS for the current year.

USA Compression Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Monday, January 27th were issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 7.78%. The ex-dividend date of this dividend was Monday, January 27th. USA Compression Partners’s payout ratio is presently 368.43%.

Institutional Investors Weigh In On USA Compression Partners

A number of institutional investors and hedge funds have recently modified their holdings of USAC. Raymond James Financial Inc. bought a new stake in USA Compression Partners during the 4th quarter worth approximately $13,905,000. Objectivity Squared LLC grew its position in shares of USA Compression Partners by 2.4% during the 4th quarter. Objectivity Squared LLC now owns 211,813 shares of the oil and gas company’s stock valued at $5,048,000 after purchasing an additional 4,970 shares in the last quarter. Rockefeller Capital Management L.P. increased its holdings in shares of USA Compression Partners by 0.4% in the third quarter. Rockefeller Capital Management L.P. now owns 211,521 shares of the oil and gas company’s stock worth $4,848,000 after purchasing an additional 833 shares during the period. Infrastructure Capital Advisors LLC raised its position in shares of USA Compression Partners by 14.9% in the third quarter. Infrastructure Capital Advisors LLC now owns 196,206 shares of the oil and gas company’s stock worth $4,497,000 after buying an additional 25,439 shares in the last quarter. Finally, Corient Private Wealth LLC boosted its stake in USA Compression Partners by 28.9% during the fourth quarter. Corient Private Wealth LLC now owns 165,887 shares of the oil and gas company’s stock valued at $3,908,000 after buying an additional 37,232 shares during the period. 47.77% of the stock is owned by hedge funds and other institutional investors.

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.