Brokerages Set USA Compression Partners LP (NYSE:USAC) Target Price at $24.75

USA Compression Partners LP (NYSE:USAC) has been given an average rating of “Hold” by the four analysts that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $24.75.

USAC has been the subject of a number of recent analyst reports. Raymond James upped 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 upped their price target on shares of USA Compression Partners from $22.00 to $23.00 and gave the stock an “underperform” rating in a research report on Wednesday, February 14th. Finally, StockNews.com lowered shares of USA Compression Partners from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th.

USA Compression Partners Stock Down 0.8 %

USAC opened at $24.65 on Wednesday. The firm has a 50 day moving average price of $26.07 and a 200-day moving average price of $25.21. USA Compression Partners has a twelve month low of $18.48 and a twelve month high of $28.47. The stock has a market capitalization of $2.54 billion, a price-to-earnings ratio of 117.36 and a beta of 1.30.

USA Compression Partners (NYSE:USAC) last announced its earnings results on Tuesday, February 13th. The oil and gas company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.02). The business had revenue of $225.05 million for the quarter, compared to the consensus estimate 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 quarter last year, the firm posted ($0.04) earnings per share. As a group, analysts expect that USA Compression Partners will post 0.59 earnings per share for the current year.

USA Compression Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Monday, April 22nd will be paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 8.52%. The ex-dividend date of this dividend is Friday, April 19th. USA Compression Partners’s dividend payout ratio is currently 1,000.00%.

Insider Buying and Selling

In other news, insider Eric D. Long sold 96,660 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $24.59, for a total transaction of $2,376,869.40. Following the transaction, the insider now directly owns 372,359 shares of the company’s stock, valued at $9,156,307.81. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other USA Compression Partners news, insider Eric D. Long sold 96,660 shares of USA Compression Partners stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $24.59, for a total transaction of $2,376,869.40. Following the completion of the sale, the insider now directly owns 372,359 shares of the company’s stock, valued at approximately $9,156,307.81. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Veteran Equity Aggregator Eig sold 5,889,297 shares of USA Compression Partners stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $25.12, for a total value of $147,939,140.64. Following the sale, the insider now directly owns 5,882,528 shares of the company’s stock, valued at $147,769,103.36. The disclosure for this sale can be found here. In the last three months, insiders sold 6,073,877 shares of company stock valued at $152,474,943.

Institutional Investors Weigh In On USA Compression Partners

Institutional investors and hedge funds have recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. raised its position in shares of USA Compression Partners by 4.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 713,102 shares of the oil and gas company’s stock worth $17,015,000 after acquiring an additional 28,875 shares in the last quarter. UBS Group AG raised its position in shares of USA Compression Partners by 107.1% in the 4th quarter. UBS Group AG now owns 542,425 shares of the oil and gas company’s stock worth $12,384,000 after acquiring an additional 280,491 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of USA Compression Partners by 2.2% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 473,414 shares of the oil and gas company’s stock worth $12,626,000 after acquiring an additional 10,116 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of USA Compression Partners by 39.3% in the 4th quarter. Wells Fargo & Company MN now owns 303,469 shares of the oil and gas company’s stock worth $6,928,000 after acquiring an additional 85,692 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC raised its position in shares of USA Compression Partners by 6.7% in the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 224,114 shares of the oil and gas company’s stock worth $5,347,000 after acquiring an additional 14,000 shares in the last quarter. 47.77% of the stock is owned by 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.