USA Compression Partners (NYSE:USAC) Sets New 52-Week High on Analyst Upgrade

Shares of USA Compression Partners, LP (NYSE:USAC) hit a new 52-week high during mid-day trading on Tuesday after Texas Capital upgraded the stock from a hold rating to a strong-buy rating. The company traded as high as $28.09 and last traded at $28.0140, with a volume of 48768 shares changing hands. The stock had previously closed at $27.48.

Several other equities analysts have also recently weighed in on the company. Mizuho boosted their price objective on USA Compression Partners from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Monday, January 12th. Zacks Research raised USA Compression Partners from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. Stifel Nicolaus upped their price target on USA Compression Partners from $27.00 to $30.00 and gave the company a “hold” rating in a research report on Wednesday, February 18th. Citigroup reissued a “neutral” rating on shares of USA Compression Partners in a report on Tuesday, December 2nd. Finally, Wall Street Zen cut shares of USA Compression Partners from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Two research analysts have rated the stock with a Strong Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $26.67.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of USAC. CWM LLC purchased a new stake in USA Compression Partners in the third quarter valued at approximately $34,000. BNP Paribas Financial Markets grew its stake in USA Compression Partners by 233.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,443 shares of the oil and gas company’s stock worth $35,000 after buying an additional 1,010 shares in the last quarter. State of Wyoming purchased a new position in USA Compression Partners in the 3rd quarter worth approximately $64,000. MV Capital Management Inc. bought a new position in shares of USA Compression Partners in the 4th quarter worth $86,000. Finally, Caprock Group LLC bought a new position in shares of USA Compression Partners in the 3rd quarter worth $205,000. Hedge funds and other institutional investors own 47.77% of the company’s stock.

USA Compression Partners Trading Up 1.2%

The business’s fifty day moving average price is $25.92 and its 200-day moving average price is $24.41. The company has a market capitalization of $4.03 billion, a P/E ratio of 33.10 and a beta of 0.22.

USA Compression Partners (NYSE:USAC) last issued its quarterly earnings results on Tuesday, February 17th. The oil and gas company reported $0.28 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.28. USA Compression Partners had a negative return on equity of 87.34% and a net margin of 11.15%.The firm had revenue of $252.48 million during the quarter, compared to analyst estimates of $253.43 million. As a group, equities research analysts forecast that USA Compression Partners, LP will post 1.05 EPS for the current year.

USA Compression Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 6th. Investors of record on Monday, January 26th were given a $0.525 dividend. The ex-dividend date was Monday, January 26th. This represents a $2.10 dividend on an annualized basis and a yield of 7.6%. USA Compression Partners’s payout ratio is presently 250.00%.

USA Compression Partners Company Profile

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.