USA Compression Partners (NYSE:USAC) Price Target Raised to $31.00

USA Compression Partners (NYSE:USAC) had its target price boosted by Royal Bank Of Canada from $30.00 to $31.00 in a research report released on Tuesday morning, Marketbeat reports. They currently have a sector perform rating on the oil and gas company’s stock.

USAC has been the subject of a number of other research reports. Wall Street Zen upgraded USA Compression Partners from a “hold” rating to a “buy” rating in a report on Saturday, August 29th. Citigroup increased their price objective on USA Compression Partners from $26.00 to $28.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. Zacks Research downgraded shares of USA Compression Partners from a “hold” rating to a “strong sell” rating in a research note on Monday, July 6th. Finally, Mizuho raised their price target on shares of USA Compression Partners from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Friday, June 12th. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, USA Compression Partners has an average rating of “Hold” and a consensus target price of $29.50.

USA Compression Partners Price Performance

NYSE:USAC opened at $27.56 on Tuesday. The firm’s fifty day moving average price is $26.47 and its two-hundred day moving average price is $27.18. The company has a debt-to-equity ratio of 10.25, a current ratio of 1.35 and a quick ratio of 0.68. The company has a market cap of $3.99 billion, a P/E ratio of 26.00 and a beta of 0.23. USA Compression Partners has a one year low of $21.85 and a one year high of $30.55.

USA Compression Partners (NYSE:USAC) last announced its earnings results on Tuesday, August 4th. The oil and gas company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.28 by $0.03. The business had revenue of $342.15 million during the quarter, compared to the consensus estimate of $340.49 million. USA Compression Partners had a net margin of 12.43% and a return on equity of 179.77%. Equities analysts expect that USA Compression Partners will post 1.17 earnings per share for the current year.

USA Compression Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 7th. Investors of record on Monday, July 27th were given a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, July 27th. This represents a $2.10 annualized dividend and a yield of 7.6%. USA Compression Partners’s dividend payout ratio is currently 198.11%.

Insider Transactions at USA Compression Partners

In other news, Director Bradford Whitehurst acquired 6,000 shares of USA Compression Partners stock in a transaction on Friday, August 21st. The shares were purchased at an average cost of $26.10 per share, for a total transaction of $156,600.00. Following the completion of the purchase, the director directly owned 43,616 shares of the company’s stock, valued at approximately $1,138,377.60. This represents a 15.95% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Institutional Trading of USA Compression Partners

Large investors have recently made changes to their positions in the company. Alps Advisors Inc. increased its stake in shares of USA Compression Partners by 3.8% in the 4th quarter. Alps Advisors Inc. now owns 17,748,200 shares of the oil and gas company’s stock valued at $408,209,000 after purchasing an additional 642,462 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of USA Compression Partners by 38.5% during the 1st quarter. Royal Bank of Canada now owns 176,124 shares of the oil and gas company’s stock worth $4,776,000 after buying an additional 48,978 shares in the last quarter. ING Groep NV lifted its position in shares of USA Compression Partners by 45.5% during the 4th quarter. ING Groep NV now owns 312,600 shares of the oil and gas company’s stock worth $7,190,000 after buying an additional 97,700 shares during the last quarter. TSA Wealth Managment LLC acquired a new stake in USA Compression Partners in the first quarter valued at about $236,000. Finally, Kestra Advisory Services LLC boosted its stake in USA Compression Partners by 1.2% in the first quarter. Kestra Advisory Services LLC now owns 46,340 shares of the oil and gas company’s stock valued at $1,257,000 after buying an additional 540 shares in the last quarter. Institutional investors and hedge funds own 47.77% of the company’s stock.

About USA Compression Partners

USA Compression Partners (NYSE: USAC) is a Houston-based master limited partnership specializing in natural gas compression services for oil and gas producers. The company offers a full suite of midstream compression solutions designed to enhance production flow and optimize field operations. Its core activities include the design, engineering, fabrication, installation, operation and maintenance of natural gas compression equipment onshore across key U.S. basins.

USA Compression’s product and service offerings encompass new equipment deployment, aftermarket parts and component sales, field service support, and instrumentation and control systems.