USA Compression Partners LP (NYSE:USAC) Given Consensus Rating of “Hold” by Brokerages

Shares of USA Compression Partners LP (NYSE:USAC) have been given an average recommendation of “Hold” by the five brokerages that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $25.40.

A number of brokerages have weighed in on USAC. Mizuho lowered their target price on USA Compression Partners from $25.00 to $24.00 and set a “neutral” rating for the company in a report on Wednesday. Citigroup began coverage on shares of USA Compression Partners in a research note on Friday, September 27th. They set a “neutral” rating and a $23.00 target price on the stock. StockNews.com downgraded shares of USA Compression Partners from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $26.00 price objective on shares of USA Compression Partners in a research report on Thursday, September 12th.

Insider Buying and Selling

In other USA Compression Partners news, insider Eric D. Long sold 1,786 shares of USA Compression Partners stock in a transaction dated 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 approximately $7,003,263.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Eric D. Long sold 21,396 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $22.27, for a total value of $476,488.92. Following the completion of the sale, the insider now owns 1,786 shares in the company, valued at $39,774.22. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Eric D. Long sold 1,786 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $22.81, for a total transaction of $40,738.66. Following the transaction, the insider now directly 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

Several institutional investors have recently modified their holdings of the business. Creekmur Asset Management LLC bought a new position in USA Compression Partners in the 4th quarter valued at $46,000. Sunbelt Securities Inc. grew its position in USA Compression Partners by 12.2% during the second quarter. Sunbelt Securities Inc. now owns 4,445 shares of the oil and gas company’s stock valued at $105,000 after buying an additional 485 shares during the period. F&V Capital Management LLC purchased a new stake in USA Compression Partners during the first quarter worth about $209,000. Sanctuary Advisors LLC bought a new stake in USA Compression Partners in the second quarter worth about $204,000. Finally, TSA Wealth Managment LLC purchased a new position in USA Compression Partners in the first quarter valued at about $232,000. 47.77% of the stock is owned by institutional investors.

USA Compression Partners Stock Up 0.5 %

NYSE USAC opened at $23.05 on Friday. The stock has a fifty day simple moving average of $22.34 and a 200 day simple moving average of $23.93. USA Compression Partners has a twelve month low of $21.06 and a twelve month high of $28.47. The company has a market capitalization of $2.37 billion, a price-to-earnings ratio of 56.22 and a beta of 1.32.

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

USA Compression Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 2nd. Stockholders of record on Monday, July 22nd were given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 9.11%. The ex-dividend date was Monday, July 22nd. USA Compression Partners’s payout ratio is presently 512.20%.

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.