USA Compression Partners (NYSE:USAC) Cut to “Hold” at Zacks Research

Zacks Research cut shares of USA Compression Partners (NYSE:USAC) from a strong-buy rating to a hold rating in a research note issued to investors on Thursday,Zacks.com reports.

Several other brokerages have also issued reports on USAC. Texas Capital upgraded shares of USA Compression Partners from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 9th. Wall Street Zen lowered shares of USA Compression Partners from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Mizuho upped their target price on shares of USA Compression Partners from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Monday, January 12th. Finally, Stifel Nicolaus upped their target price on shares of USA Compression Partners from $27.00 to $30.00 and gave the stock a “hold” rating in a research report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $26.67.

USA Compression Partners Stock Performance

Shares of NYSE:USAC opened at $26.61 on Thursday. USA Compression Partners has a 52-week low of $21.85 and a 52-week high of $28.90. The firm has a fifty day moving average of $27.41 and a 200 day moving average of $25.16. The firm has a market capitalization of $3.86 billion, a PE ratio of 31.68 and a beta of 0.21.

USA Compression Partners (NYSE:USAC) last announced its 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 net margin of 11.15% and a negative return on equity of 87.34%. The company had revenue of $252.48 million during the quarter, compared to analyst estimates of $253.43 million. On average, sell-side analysts forecast that USA Compression Partners will post 1.05 EPS for the current fiscal year.

USA Compression Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Monday, April 27th will be given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 7.9%. The ex-dividend date is Monday, April 27th. USA Compression Partners’s dividend payout ratio is presently 250.00%.

Institutional Trading of USA Compression Partners

Several institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada boosted its position in USA Compression Partners by 0.4% during the fourth quarter. Royal Bank of Canada now owns 127,146 shares of the oil and gas company’s stock valued at $2,924,000 after buying an additional 521 shares during the period. Commonwealth Equity Services LLC boosted its position in USA Compression Partners by 5.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 13,482 shares of the oil and gas company’s stock valued at $310,000 after buying an additional 724 shares during the period. Mallini Complete Financial Planning LLC boosted its position in USA Compression Partners by 0.8% during the fourth quarter. Mallini Complete Financial Planning LLC now owns 93,810 shares of the oil and gas company’s stock valued at $2,158,000 after buying an additional 731 shares during the period. Kestra Advisory Services LLC boosted its position in USA Compression Partners by 1.7% during the fourth quarter. Kestra Advisory Services LLC now owns 45,800 shares of the oil and gas company’s stock valued at $1,053,000 after buying an additional 758 shares during the period. Finally, Mutual Advisors LLC boosted its position in USA Compression Partners by 3.5% during the fourth quarter. Mutual Advisors LLC now owns 22,641 shares of the oil and gas company’s stock valued at $521,000 after buying an additional 769 shares during the period. 47.77% of the stock is currently owned by hedge funds and other institutional investors.

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.