USA Compression Partners (NYSE:USAC) Price Target Cut to $24.00

USA Compression Partners (NYSE:USAC) had its price objective lowered by Mizuho from $25.00 to $24.00 in a research report report published on Wednesday, Benzinga reports. The firm currently has a neutral rating on the oil and gas company’s stock.

Other analysts have also recently issued research reports about the stock. Royal Bank of Canada reiterated 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. StockNews.com lowered shares of USA Compression Partners from a buy rating to a hold rating in a research report on Thursday, July 11th. Finally, Citigroup initiated coverage on shares of USA Compression Partners in a research report on Friday, September 27th. They issued a neutral rating and a $23.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of Hold and a consensus target price of $25.40.

USA Compression Partners Price Performance

Shares of USAC stock opened at $23.01 on Wednesday. The stock has a market cap of $2.69 billion, a P/E ratio of 56.12 and a beta of 1.32. The company has a fifty day moving average price of $22.34 and a two-hundred day moving average price of $23.87. USA Compression Partners has a one year low of $21.06 and a one year high of $28.47.

USA Compression Partners (NYSE:USAC) last announced its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. The firm had revenue of $235.31 million during the quarter, compared to analysts’ expectations 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, equities research analysts anticipate that USA Compression Partners will post 0.82 EPS for the current fiscal year.

USA Compression Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 2nd. Investors of record on Monday, July 22nd were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 9.13%. The ex-dividend date of this dividend was Monday, July 22nd. USA Compression Partners’s dividend payout ratio is 512.20%.

Insider Buying and Selling

In related news, 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 of the company’s stock, valued at approximately $7,003,263.06. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 shares were sold at an average price of $22.27, for a total transaction of $476,488.92. Following the sale, the insider now directly owns 1,786 shares in the company, valued at $39,774.22. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Eric D. Long sold 1,786 shares of the 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 sale, the insider now owns 307,026 shares in the company, valued at $7,003,263.06. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

Institutional Investors Weigh In On USA Compression Partners

A number of large investors have recently bought and sold shares of USAC. Creekmur Asset Management LLC acquired a new stake in USA Compression Partners during the fourth quarter worth about $46,000. Sunbelt Securities Inc. boosted its stake in shares of USA Compression Partners by 12.2% in the 2nd quarter. Sunbelt Securities Inc. now owns 4,445 shares of the oil and gas company’s stock valued at $105,000 after purchasing an additional 485 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of USA Compression Partners in the 2nd quarter valued at approximately $204,000. F&V Capital Management LLC acquired a new stake in shares of USA Compression Partners in the 1st quarter valued at approximately $209,000. Finally, TSA Wealth Managment LLC acquired a new stake in shares of USA Compression Partners in the 1st quarter valued at approximately $232,000. 47.77% of the stock is currently owned by institutional investors and hedge funds.

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.