USA Compression Partners (NYSE:USAC) Sets New 1-Year High – What’s Next?

USA Compression Partners LP (NYSE:USAC)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $28.50 and last traded at $28.00, with a volume of 55832 shares trading hands. The stock had previously closed at $28.03.

Analyst Ratings Changes

Several brokerages have commented on USAC. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $27.00 target price on shares of USA Compression Partners in a research note on Friday, November 22nd. Mizuho increased their price target on USA Compression Partners from $24.00 to $26.00 and gave the stock a “neutral” rating in a report on Monday. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $26.50.

USA Compression Partners Stock Performance

The firm has a market cap of $3.37 billion, a P/E ratio of 50.46 and a beta of 1.34. The firm’s fifty day moving average is $24.30 and its 200 day moving average is $23.17.

USA Compression Partners (NYSE:USAC) last released its quarterly earnings results on Tuesday, November 5th. The oil and gas company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.07). USA Compression Partners had a net margin of 9.36% and a negative return on equity of 47.53%. The business had revenue of $239.97 million during the quarter, compared to analyst estimates of $238.37 million. During the same quarter in the previous year, the firm posted $0.09 earnings per share. As a group, equities research analysts forecast that USA Compression Partners LP will post 0.8 EPS for the current year.

USA Compression Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Monday, January 27th will be issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 7.30%. The ex-dividend date is Monday, January 27th. USA Compression Partners’s dividend payout ratio (DPR) is presently 368.43%.

Institutional Trading of USA Compression Partners

A number of institutional investors and hedge funds have recently bought and sold shares of USAC. Sanctuary Advisors LLC grew its holdings in USA Compression Partners by 9.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 9,052 shares of the oil and gas company’s stock worth $215,000 after acquiring an additional 766 shares during the period. Stifel Financial Corp acquired a new stake in USA Compression Partners during the third quarter worth approximately $210,000. Infrastructure Capital Advisors LLC increased its holdings in USA Compression Partners by 14.9% in the third quarter. Infrastructure Capital Advisors LLC now owns 196,206 shares of the oil and gas company’s stock worth $4,497,000 after purchasing an additional 25,439 shares in the last quarter. Spring Capital Management LLC bought a new stake in USA Compression Partners in the fourth quarter worth approximately $283,000. Finally, Hodges Capital Management Inc. lifted its stake in USA Compression Partners by 9.0% in the third quarter. Hodges Capital Management Inc. now owns 24,306 shares of the oil and gas company’s stock valued at $557,000 after buying an additional 2,000 shares during the period. 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.