Raymond James Raises USA Compression Partners (NYSE:USAC) Price Target to $30.00

USA Compression Partners (NYSE:USAC) had its price objective increased by Raymond James from $28.00 to $30.00 in a research note released on Tuesday morning, Benzinga reports. They currently have an outperform rating on the oil and gas company’s stock.

Several other brokerages have also recently issued reports on USAC. StockNews.com cut shares of USA Compression Partners from a buy rating to a hold rating in a research note on Thursday, January 11th. Mizuho upped their price target on USA Compression Partners from $22.00 to $23.00 and gave the company an underperform rating in a report on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of Hold and a consensus price target of $24.75.

USA Compression Partners Stock Performance

USAC opened at $24.99 on Tuesday. USA Compression Partners has a 1-year low of $18.48 and a 1-year high of $28.47. The company has a 50-day moving average of $25.91 and a 200-day moving average of $25.20. The company has a market capitalization of $2.57 billion, a P/E ratio of 119.01 and a beta of 1.30.

USA Compression Partners (NYSE:USAC) last released its quarterly earnings data on Tuesday, February 13th. The oil and gas company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02). USA Compression Partners had a negative return on equity of 31.81% and a net margin of 8.07%. The business had revenue of $225.05 million during the quarter, compared to analyst estimates of $221.50 million. During the same period in the prior year, the firm earned ($0.04) EPS. As a group, sell-side analysts expect that USA Compression Partners will post 0.57 earnings per share for the current fiscal year.

USA Compression Partners Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Monday, April 22nd will be given a $0.525 dividend. The ex-dividend date is Friday, April 19th. This represents a $2.10 annualized dividend and a dividend yield of 8.40%. USA Compression Partners’s dividend payout ratio (DPR) is presently 1,000.05%.

Insider Activity 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 dated Thursday, April 4th. The stock was sold at an average price of $25.12, for a total transaction of $147,939,140.64. Following the completion of the sale, the insider now directly owns 5,882,528 shares in the company, valued at approximately $147,769,103.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other USA Compression Partners news, insider Eric D. Long sold 96,660 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $24.59, for a total value 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 legal filing with the SEC, which is available through the SEC website. Also, major shareholder Veteran Equity Aggregator Eig sold 5,889,297 shares of the company’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $25.12, for a total value of $147,939,140.64. Following the transaction, the insider now directly owns 5,882,528 shares in the company, valued at approximately $147,769,103.36. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,755,566 shares of company stock valued at $194,685,337.

Institutional Trading of USA Compression Partners

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. acquired a new stake in USA Compression Partners during the 4th quarter worth $20,241,000. UBS Group AG lifted its stake in USA Compression Partners by 107.1% in the fourth quarter. UBS Group AG now owns 542,425 shares of the oil and gas company’s stock valued at $12,384,000 after buying an additional 280,491 shares during the period. Objectivity Squared LLC bought a new position in USA Compression Partners during the fourth quarter worth about $4,429,000. Wells Fargo & Company MN grew its position in shares of USA Compression Partners by 122.7% during the 4th quarter. Wells Fargo & Company MN now owns 224,054 shares of the oil and gas company’s stock worth $4,376,000 after buying an additional 123,437 shares during the period. Finally, BNP Paribas Arbitrage SA increased its stake in shares of USA Compression Partners by 36,517.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 107,290 shares of the oil and gas company’s stock valued at $1,889,000 after acquiring an additional 106,997 shares during the last quarter. 47.77% of the stock is owned by institutional investors.

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.