USA Compression Partners (NYSE:USAC) Hits New 12-Month High - Here's Why

USA Compression Partners LP (NYSE:USAC - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $30.10 and last traded at $29.30, with a volume of 1727233 shares. The stock had previously closed at $28.79.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on USAC. Mizuho increased their price target on USA Compression Partners from $24.00 to $26.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. Royal Bank of Canada reissued a "sector perform" rating and set a $27.00 price target on shares of USA Compression Partners in a research report on Friday, November 22nd. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, USA Compression Partners currently has a consensus rating of "Hold" and a consensus price target of $26.50.

USA Compression Partners Stock Performance

The stock has a fifty day simple moving average of $24.77 and a two-hundred day simple moving average of $23.35. The stock has a market cap of $3.33 billion, a price-to-earnings ratio of 49.89 and a beta of 1.34.

USA Compression Partners (NYSE:USAC - Get Free Report) last issued its earnings results on Tuesday, February 11th. The oil and gas company reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $0.24 by ($0.06). USA Compression Partners had a net margin of 9.36% and a negative return on equity of 47.53%. Equities analysts expect that USA Compression Partners LP will post 0.8 earnings per share for the current fiscal year.

USA Compression Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Monday, January 27th were issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 7.39%. The ex-dividend date was Monday, January 27th. USA Compression Partners's dividend payout ratio is presently 368.43%.

Institutional Investors Weigh In On USA Compression Partners

A number of large investors have recently modified their holdings of the business. Sanctuary Advisors LLC bought a new position in shares of USA Compression Partners in the 2nd quarter valued at $204,000. Allworth Financial LP lifted its stake in shares of USA Compression Partners by 3,054.8% in the 3rd quarter. Allworth Financial LP now owns 1,325 shares of the oil and gas company's stock valued at $30,000 after acquiring an additional 1,283 shares during the last quarter. Childress Capital Advisors LLC lifted its stake in shares of USA Compression Partners by 61.1% in the 3rd quarter. Childress Capital Advisors LLC now owns 31,250 shares of the oil and gas company's stock valued at $716,000 after acquiring an additional 11,850 shares during the last quarter. Americana Partners LLC bought a new position in shares of USA Compression Partners in the 3rd quarter valued at $322,000. Finally, Chicago Partners Investment Group LLC lifted its stake in shares of USA Compression Partners by 20.7% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 75,770 shares of the oil and gas company's stock valued at $1,663,000 after acquiring an additional 12,978 shares during the last quarter. Institutional investors and hedge funds 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.