USA Compression Partners LP (NYSE:USAC - Get Free Report) reached a new 52-week high during trading on Wednesday . The company 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 Upgrades and Downgrades
USAC has been the subject of several research analyst reports. Mizuho boosted their target price on shares of 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 issued a $27.00 price objective on shares of USA Compression Partners in a report on Friday, November 22nd. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, USA Compression Partners has an average rating of "Hold" and an average price target of $26.50.
Read Our Latest Report on USAC
USA Compression Partners Price Performance
The stock's fifty day simple moving average is $24.39 and its two-hundred day simple moving average is $23.21. The company has a market capitalization of $3.37 billion, a price-to-earnings ratio of 50.46 and a beta of 1.34.
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. The ex-dividend date of this dividend was Monday, January 27th. This represents a $2.10 dividend on an annualized basis and a yield of 7.30%. USA Compression Partners's dividend payout ratio is currently 368.43%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in USAC. Raymond James Financial Inc. bought a new stake in USA Compression Partners in the fourth quarter valued at $13,905,000. Truist Financial Corp acquired a new stake in shares of USA Compression Partners in the 4th quarter worth about $2,428,000. Infrastructure Capital Advisors LLC lifted its position in USA Compression Partners by 14.9% in the 3rd quarter. Infrastructure Capital Advisors LLC now owns 196,206 shares of the oil and gas company's stock valued at $4,497,000 after purchasing an additional 25,439 shares during the last quarter. HighTower Advisors LLC lifted its position in USA Compression Partners by 94.8% in the 4th quarter. HighTower Advisors LLC now owns 34,935 shares of the oil and gas company's stock valued at $823,000 after purchasing an additional 17,005 shares during the last quarter. Finally, Strategic Financial Concepts LLC acquired a new position in USA Compression Partners during the 4th quarter valued at about $333,000. Institutional investors and hedge funds own 47.77% of the company's stock.
About USA Compression Partners
(
Get Free Report)
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.
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