USA Compression Partners LP (NYSE:USAC) Short Interest Down 16.1% in February

USA Compression Partners LP (NYSE:USACGet Free Report) was the recipient of a significant drop in short interest during the month of February. As of February 29th, there was short interest totalling 2,400,000 shares, a drop of 16.1% from the February 14th total of 2,860,000 shares. Approximately 4.5% of the company’s stock are sold short. Based on an average daily volume of 695,500 shares, the short-interest ratio is currently 3.5 days.

Wall Street Analysts Forecast Growth

USAC has been the subject of a number of analyst reports. Mizuho boosted their price target on USA Compression Partners from $22.00 to $23.00 and gave the stock an “underperform” rating in a research report on Wednesday, February 14th. StockNews.com cut USA Compression Partners from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. One research analyst has rated the stock with a sell rating and three have given a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $23.00.

Check Out Our Latest Analysis on USAC

USA Compression Partners Stock Performance

NYSE USAC opened at $27.55 on Friday. USA Compression Partners has a twelve month low of $18.48 and a twelve month high of $28.00. The stock has a market capitalization of $2.84 billion, a PE ratio of 131.20 and a beta of 1.29. The stock has a 50-day simple moving average of $25.14 and a 200 day simple moving average of $24.48.

USA Compression Partners (NYSE:USACGet Free Report) last posted its quarterly earnings data on Tuesday, February 13th. The oil and gas company reported $0.10 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $221.50 million. During the same period in the prior year, the firm posted ($0.04) EPS. As a group, equities research analysts forecast that USA Compression Partners will post 0.57 EPS for the current fiscal year.

USA Compression Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 2nd. Investors of record on Monday, January 22nd were given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 7.62%. The ex-dividend date of this dividend was Friday, January 19th. This is a boost from USA Compression Partners’s previous quarterly dividend of $0.51. USA Compression Partners’s payout ratio is currently 1,000.05%.

Insider Activity at USA Compression Partners

In related news, major shareholder Veteran Equity Aggregator Eig sold 1,681,689 shares of USA Compression Partners stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $25.10, for a total transaction of $42,210,393.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, major shareholder Veteran Equity Aggregator Eig sold 1,681,689 shares of USA Compression Partners stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $25.10, for a total transaction of $42,210,393.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Eric D. Long sold 43,725 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $24.58, for a total value of $1,074,760.50. Following the completion of the sale, the insider now directly owns 312,346 shares of the company’s stock, valued at approximately $7,677,464.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,553,862 shares of company stock valued at $87,730,681.

Hedge Funds Weigh In On USA Compression Partners

Large investors have recently made changes to their positions in the business. Belpointe Asset Management LLC increased its stake in USA Compression Partners by 232.9% during the first quarter. Belpointe Asset Management LLC now owns 1,235 shares of the oil and gas company’s stock valued at $26,000 after acquiring an additional 864 shares during the period. State of Wyoming bought a new position in USA Compression Partners during the fourth quarter valued at about $32,000. Creekmur Asset Management LLC bought a new position in USA Compression Partners during the fourth quarter valued at about $46,000. JNBA Financial Advisors bought a new position in USA Compression Partners during the fourth quarter valued at about $46,000. Finally, Barclays PLC increased its stake in USA Compression Partners by 1,102.9% during the first quarter. Barclays PLC now owns 2,887 shares of the oil and gas company’s stock valued at $61,000 after acquiring an additional 2,647 shares during the period. Institutional investors and hedge funds own 23.51% of the company’s stock.

About USA Compression Partners

(Get Free Report)

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.

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