Insider Selling: USA Compression Partners LP (NYSE:USAC) Director Sells 3,365 Shares of Stock

USA Compression Partners LP (NYSE:USAC) Director Veteran Equity Aggregator Eig sold 3,365 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $25.88, for a total transaction of $87,086.20. Following the sale, the director now directly owns 2,432,109 shares of the company’s stock, valued at approximately $62,942,980.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Veteran Equity Aggregator Eig also recently made the following trade(s):

• On Monday, November 20th, Veteran Equity Aggregator Eig sold 35,252 shares of USA Compression Partners stock. The stock was sold at an average price of $25.63, for a total value of $903,508.76.

USA Compression Partners Price Performance

Shares of USAC traded down $0.20 during trading hours on Monday, reaching $25.52. 256,308 shares of the company’s stock traded hands, compared to its average volume of 192,282. The business’s fifty day simple moving average is $24.61 and its two-hundred day simple moving average is $21.65. The firm has a market capitalization of $2.51 billion, a price-to-earnings ratio of 170.13 and a beta of 1.44. USA Compression Partners LP has a twelve month low of $17.80 and a twelve month high of $26.61.

USA Compression Partners (NYSE:USAC) last released its earnings results on Tuesday, October 31st. The oil and gas company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). The firm had revenue of $217.09 million for the quarter, compared to analyst estimates of $208.37 million. USA Compression Partners had a negative return on equity of 32.50% and a net margin of 7.86%. On average, equities research analysts expect that USA Compression Partners LP will post 0.31 EPS for the current year.

USA Compression Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 3rd. Investors of record on Monday, October 23rd were paid a $0.525 dividend. The ex-dividend date was Friday, October 20th. This represents a $2.10 dividend on an annualized basis and a yield of 8.23%. USA Compression Partners’s dividend payout ratio is currently 1,400.00%.

Hedge Funds Weigh In On USA Compression Partners

A number of institutional investors have recently bought and sold shares of the stock. Invesco Ltd. increased its stake in USA Compression Partners by 0.3% in the 1st quarter. Invesco Ltd. now owns 17,488,613 shares of the oil and gas company’s stock worth $307,975,000 after purchasing an additional 50,981 shares in the last quarter. JPMorgan Chase & Co. boosted its position in USA Compression Partners by 42.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,385,189 shares of the oil and gas company’s stock worth $33,051,000 after acquiring an additional 415,956 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in USA Compression Partners by 4.2% during 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 during the period. Raymond James Financial Services Advisors Inc. boosted its position in USA Compression Partners by 3.2% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 454,639 shares of the oil and gas company’s stock worth $10,848,000 after acquiring an additional 14,119 shares during the period. Finally, UBS Group AG boosted its position in USA Compression Partners by 38.1% during the 1st quarter. UBS Group AG now owns 329,466 shares of the oil and gas company’s stock worth $6,962,000 after acquiring an additional 90,900 shares during the period. Hedge funds and other institutional investors own 23.51% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on USAC shares. TheStreet upgraded USA Compression Partners from a “c+” rating to a “b-” rating in a research note on Thursday, August 17th. Royal Bank of Canada raised their target price on USA Compression Partners from $21.00 to $22.00 and gave the company a “sector perform” rating in a research note on Thursday, August 3rd. Stifel Nicolaus raised their target price on USA Compression Partners from $22.00 to $24.00 and gave the company a “hold” rating in a research note on Wednesday, November 1st. StockNews.com initiated coverage on USA Compression Partners in a research note on Thursday, October 5th. They issued a “buy” rating on the stock. Finally, Mizuho cut USA Compression Partners from a “neutral” rating to an “underperform” rating and set a $22.00 target price on the stock. in a research note on Friday, September 29th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $22.00.

About USA Compression Partners

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.