USA Compression Partners, LP (NYSE:USAC) Stock Has Consensus Price Target of $29.50 According to Brokerages

Shares of USA Compression Partners, LP (NYSE:USAC) have earned an average recommendation of “Hold” from the six analysts that are presently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $29.50.

USAC has been the topic of several research analyst reports. Wall Street Zen cut shares of USA Compression Partners from a “buy” rating to a “hold” rating in a report on Saturday, September 26th. Zacks Research upgraded USA Compression Partners from a “strong sell” rating to a “hold” rating in a research note on Monday, August 31st. Finally, Royal Bank Of Canada raised their price target on shares of USA Compression Partners from $30.00 to $31.00 and gave the stock a “sector perform” rating in a research note on Tuesday, September 1st.

USA Compression Partners Price Performance

Shares of USA Compression Partners stock opened at $25.05 on Monday. The business’s fifty day moving average price is $26.16 and its two-hundred day moving average price is $26.76. The company has a market capitalization of $3.63 billion, a P/E ratio of 23.63 and a beta of 0.28. The company has a debt-to-equity ratio of 10.25, a current ratio of 1.35 and a quick ratio of 0.68. USA Compression Partners has a 1-year low of $21.85 and a 1-year high of $30.55.

USA Compression Partners (NYSE:USAC) last released its quarterly earnings results on Tuesday, August 4th. The oil and gas company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.03. USA Compression Partners had a net margin of 12.43% and a return on equity of 179.77%. The business had revenue of $342.15 million for the quarter, compared to analyst estimates of $340.49 million. As a group, research analysts forecast that USA Compression Partners will post 1.16 EPS for the current year.

USA Compression Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 6th. Shareholders of record on Monday, October 26th will be paid a $0.5250 dividend. The ex-dividend date of this dividend is Monday, October 26th. This represents a $2.10 dividend on an annualized basis and a yield of 8.4%. USA Compression Partners’s payout ratio is currently 198.11%.

Insiders Place Their Bets

In related news, Director Bradford Whitehurst acquired 6,000 shares of the stock in a transaction on Friday, August 21st. The stock was purchased at an average price of $26.10 per share, for a total transaction of $156,600.00. Following the transaction, the director owned 43,616 shares of the company’s stock, valued at $1,138,377.60. The trade was a 15.95% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of USAC. Infrastructure Capital Advisors LLC boosted its holdings in USA Compression Partners by 2.4% during the first quarter. Infrastructure Capital Advisors LLC now owns 314,657 shares of the oil and gas company’s stock worth $8,533,000 after buying an additional 7,226 shares during the last quarter. Corient Private Wealth LP increased its holdings in USA Compression Partners by 7.1% during the 2nd quarter. Corient Private Wealth LP now owns 226,316 shares of the oil and gas company’s stock worth $5,972,000 after purchasing an additional 14,931 shares in the last quarter. Royal Bank of Canada raised its position in USA Compression Partners by 38.5% in the 1st quarter. Royal Bank of Canada now owns 176,124 shares of the oil and gas company’s stock valued at $4,776,000 after buying an additional 48,978 shares during the last quarter. Chickasaw Capital Management LLC boosted its holdings in USA Compression Partners by 6.2% during the third quarter. Chickasaw Capital Management LLC now owns 172,000 shares of the oil and gas company’s stock worth $4,278,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Mallini Complete Financial Planning LLC grew its stake in USA Compression Partners by 1.1% in the second quarter. Mallini Complete Financial Planning LLC now owns 95,530 shares of the oil and gas company’s stock valued at $2,521,000 after purchasing an additional 1,041 shares in the last quarter. Institutional investors own 47.77% of the company’s stock.

About USA Compression Partners

USA Compression Partners LP (NYSE: USAC) is a master limited partnership that provides natural gas compression services in the United States. The company owns and operates a fleet of natural gas compression equipment and supplies compression to producers, processors, gatherers and pipeline operators under primarily fee-based contracts.

Its services support several stages of the natural gas value chain, including the gathering and processing of natural gas, transportation through interstate and intrastate pipelines, and natural gas storage.