USA Compression Partners (NYSE:USAC) Upgraded by StockNews.com to “Buy”

StockNews.com upgraded shares of USA Compression Partners (NYSE:USAC) from a hold rating to a buy rating in a report issued on Wednesday morning.

A number of other research firms also recently issued reports on USAC. Mizuho raised 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. Raymond James raised their target price on shares of USA Compression Partners from $28.00 to $30.00 and gave the stock an outperform rating in a report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus target price of $24.75.

USA Compression Partners Stock Up 0.9 %

Shares of NYSE USAC opened at $25.17 on Wednesday. The stock’s 50 day moving average price is $26.09 and its two-hundred day moving average price is $25.13. USA Compression Partners has a 52-week low of $18.48 and a 52-week high of $28.47. The stock has a market capitalization of $2.59 billion, a P/E ratio of 119.86 and a beta of 1.30.

USA Compression Partners (NYSE:USAC) last posted its quarterly 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 firm had revenue of $225.05 million for the quarter, compared to analyst estimates 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 period in the prior year, the company posted ($0.04) earnings per share. On average, analysts anticipate that USA Compression Partners will post 0.59 EPS for the current year.

USA Compression Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 3rd. Investors of record on Monday, April 22nd were issued a $0.525 dividend. The ex-dividend date of this dividend was Friday, April 19th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 8.34%. USA Compression Partners’s dividend payout ratio (DPR) is presently 1,000.05%.

Insider Buying and Selling at USA Compression Partners

In other USA Compression Partners news, major shareholder Veteran Equity Aggregator Eig sold 5,889,297 shares of the firm’s stock in a transaction that occurred 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 owns 5,882,528 shares in the company, valued at $147,769,103.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Eric D. Long sold 43,725 shares of USA Compression Partners stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $24.58, for a total transaction of $1,074,760.50. Following the sale, the insider now directly owns 312,346 shares in the company, valued at $7,677,464.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Veteran Equity Aggregator Eig sold 5,889,297 shares of the stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $25.12, for a total transaction of $147,939,140.64. Following the completion of the transaction, the insider now owns 5,882,528 shares of the company’s stock, valued at approximately $147,769,103.36. The disclosure for this sale can be found here. Insiders sold 6,073,877 shares of company stock valued at $152,474,943 in the last ninety days.

Institutional Trading of USA Compression Partners

A number of institutional investors have recently made changes to their positions in USAC. Commonwealth Equity Services LLC purchased a new position in shares of USA Compression Partners in the third quarter worth approximately $219,000. Mirae Asset Global Investments Co. Ltd. grew 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 purchasing an additional 28,875 shares in the last quarter. American Financial Group Inc. lifted its holdings in shares of USA Compression Partners by 9.3% in the third quarter. American Financial Group Inc. now owns 35,150 shares of the oil and gas company’s stock valued at $839,000 after purchasing an additional 3,000 shares in the last quarter. Barclays PLC boosted its position in shares of USA Compression Partners by 3,008.6% in the third quarter. Barclays PLC now owns 72,618 shares of the oil and gas company’s stock worth $1,733,000 after buying an additional 70,282 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC grew its holdings in shares of USA Compression Partners by 6.7% during the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 224,114 shares of the oil and gas company’s stock valued at $5,347,000 after buying an additional 14,000 shares in the last quarter. 47.77% of the stock is owned by institutional investors and hedge funds.

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.