Citigroup Begins Coverage on USA Compression Partners (NYSE:USAC)

Citigroup began coverage on shares of USA Compression Partners (NYSE:USAC) in a research report released on Friday, Marketbeat.com reports. The brokerage issued a neutral rating and a $23.00 price target on the oil and gas company’s stock.

Other equities research analysts also recently issued research reports about the stock. Mizuho raised shares of USA Compression Partners from an underperform rating to a neutral rating and raised their price target for the company from $23.00 to $26.00 in a research report on Thursday, May 30th. StockNews.com lowered USA Compression Partners from a buy rating to a hold rating in a report on Thursday, July 11th. Finally, Royal Bank of Canada restated a sector perform rating and issued a $26.00 price target on shares of USA Compression Partners in a research note on Thursday, September 12th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, USA Compression Partners presently has a consensus rating of Hold and an average target price of $25.80.

USA Compression Partners Trading Up 2.0 %

NYSE USAC opened at $22.58 on Friday. USA Compression Partners has a 12 month low of $21.06 and a 12 month high of $28.47. The stock’s fifty day moving average price is $22.35 and its 200-day moving average price is $24.02. The stock has a market cap of $2.33 billion, a P/E ratio of 55.07 and a beta of 1.32.

USA Compression Partners (NYSE:USAC) last announced its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.17 by $0.04. The company had revenue of $235.31 million for the quarter, compared to the consensus estimate of $232.86 million. USA Compression Partners had a net margin of 9.77% and a negative return on equity of 40.62%. As a group, analysts forecast that USA Compression Partners will post 0.82 earnings per share for the current fiscal year.

USA Compression Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 2nd. Investors of record on Monday, July 22nd were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 9.30%. The ex-dividend date was Monday, July 22nd. USA Compression Partners’s dividend payout ratio is currently 512.20%.

Insider Buying and Selling at USA Compression Partners

In other USA Compression Partners news, insider Eric D. Long sold 21,396 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $22.27, for a total value of $476,488.92. Following the transaction, the insider now owns 1,786 shares of the company’s stock, valued at $39,774.22. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other USA Compression Partners news, insider Eric D. Long sold 21,396 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $22.27, for a total transaction of $476,488.92. Following the completion of the sale, the insider now directly owns 1,786 shares of the company’s stock, valued at $39,774.22. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Eric D. Long sold 1,786 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $22.81, for a total transaction of $40,738.66. Following the completion of the transaction, the insider now owns 307,026 shares in the company, valued at $7,003,263.06. The disclosure for this sale can be found here.

Hedge Funds Weigh In On USA Compression Partners

Institutional investors and hedge funds have recently bought and sold shares of the stock. UBS Group AG increased its position 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 worth $12,384,000 after buying an additional 280,491 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of USA Compression Partners by 12.7% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 533,424 shares of the oil and gas company’s stock valued at $12,658,000 after acquiring an additional 60,010 shares during the period. Energy Income Partners LLC increased its holdings in USA Compression Partners by 7.8% in the 1st quarter. Energy Income Partners LLC now owns 478,431 shares of the oil and gas company’s stock worth $12,760,000 after acquiring an additional 34,817 shares in the last quarter. Wells Fargo & Company MN raised its stake in USA Compression Partners by 39.3% during the 4th quarter. Wells Fargo & Company MN now owns 303,469 shares of the oil and gas company’s stock worth $6,928,000 after acquiring an additional 85,692 shares during the period. Finally, Objectivity Squared LLC lifted its holdings in USA Compression Partners by 2.1% during the second quarter. Objectivity Squared LLC now owns 202,199 shares of the oil and gas company’s stock valued at $4,986,000 after purchasing an additional 4,228 shares in the last quarter. 47.77% of the stock is currently owned by hedge funds and other 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.