USA Compression Partners (NYSE:USAC) PT Raised to $27.00 at Royal Bank of Canada

USA Compression Partners (NYSE:USAC - Free Report) had its price objective upped by Royal Bank of Canada from $26.00 to $27.00 in a research note published on Wednesday, Benzinga reports. They currently have a sector perform rating on the oil and gas company's stock.

A number of other research analysts have also weighed in on USAC. Mizuho cut their target price on shares of USA Compression Partners from $25.00 to $24.00 and set a "neutral" rating for the company in a research report on Wednesday, October 2nd. 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 started coverage on shares of USA Compression Partners in a research report on Friday, September 27th. They set a "neutral" rating and a $23.00 target price for the company. Five investment 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, USA Compression Partners has a consensus rating of "Hold" and a consensus target price of $25.60.

USA Compression Partners Price Performance

Shares of USAC stock traded up $0.01 on Wednesday, hitting $22.76. The company's stock had a trading volume of 190,120 shares, compared to its average volume of 363,986. USA Compression Partners has a fifty-two week low of $21.06 and a fifty-two week high of $28.47. The firm's fifty day moving average price is $22.42 and its 200-day moving average price is $23.63. The stock has a market capitalization of $2.66 billion, a price-to-earnings ratio of 42.94 and a beta of 1.32.

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

USA Compression Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Monday, October 21st will be issued a dividend of $0.525 per share. The ex-dividend date of this dividend is Monday, October 21st. This represents a $2.10 annualized dividend and a dividend yield of 9.23%. USA Compression Partners's payout ratio is 396.23%.

Insider Transactions at USA Compression Partners

In other news, insider Eric D. Long sold 1,786 shares of the business'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 owns 307,026 shares in the company, valued at approximately $7,003,263.06. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Eric D. Long sold 21,396 shares of the company's 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 sale, the insider now owns 1,786 shares of the company's stock, valued at $39,774.22. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Eric D. Long sold 1,786 shares of the company'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 completion of the sale, the insider now directly owns 307,026 shares in the company, valued at approximately $7,003,263.06. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here.

Institutional Trading of USA Compression Partners

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. grew its stake in USA Compression Partners by 12.7% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 533,424 shares of the oil and gas company's stock worth $12,658,000 after buying an additional 60,010 shares during the last quarter. Energy Income Partners LLC grew its stake in USA Compression Partners by 7.8% during the first quarter. Energy Income Partners LLC now owns 478,431 shares of the oil and gas company's stock worth $12,760,000 after buying an additional 34,817 shares during the last quarter. Objectivity Squared LLC grew its stake in USA Compression Partners by 2.3% during the third quarter. Objectivity Squared LLC now owns 206,843 shares of the oil and gas company's stock worth $4,768,000 after buying an additional 4,644 shares during the last quarter. Jennison Associates LLC bought a new stake in USA Compression Partners during the first quarter worth about $4,775,000. Finally, Lincoln National Corp bought a new stake in USA Compression Partners during the first quarter worth about $2,814,000. Institutional investors own 47.77% of the company's stock.

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.