USA Compression Partners (NYSE:USAC) Stock Price Down 4.6% - Here's What Happened

USA Compression Partners LP (NYSE:USAC - Get Free Report) shares were down 4.6% during trading on Friday . The company traded as low as $26.65 and last traded at $26.50. Approximately 33,411 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 412,965 shares. The stock had previously closed at $27.76.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on USAC shares. Mizuho lifted their price objective on USA Compression Partners from $24.00 to $26.00 and gave the stock a "neutral" rating in a report on Monday. Royal Bank of Canada restated a "sector perform" rating and issued a $27.00 price target on shares of USA Compression Partners in a research note on Friday, November 22nd. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $26.50.

USA Compression Partners Price Performance

The firm has a market cap of $3.28 billion, a price-to-earnings ratio of 49.16 and a beta of 1.34. The firm's fifty day moving average is $24.04 and its two-hundred day moving average is $23.07.

USA Compression Partners (NYSE:USAC - Get Free Report) last issued its 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). The business had revenue of $239.97 million for the quarter, compared to the consensus estimate of $238.37 million. USA Compression Partners had a negative return on equity of 47.53% and a net margin of 9.36%. During the same quarter in the previous year, the business posted $0.09 earnings per share. On average, equities analysts forecast that USA Compression Partners LP will post 0.8 earnings per share for the current fiscal year.

USA Compression Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Stockholders 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 7.49%. The ex-dividend date is Monday, January 27th. USA Compression Partners's dividend payout ratio is currently 368.43%.

Institutional Trading of USA Compression Partners

Hedge funds and other institutional investors have recently modified their holdings of the company. Sanctuary Advisors LLC acquired a new position in USA Compression Partners in the 2nd quarter worth about $204,000. Objectivity Squared LLC increased its holdings in USA Compression Partners by 2.3% in 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. Exchange Traded Concepts LLC raised its position in USA Compression Partners by 12.8% during the third quarter. Exchange Traded Concepts LLC now owns 93,523 shares of the oil and gas company's stock valued at $2,144,000 after acquiring an additional 10,592 shares in the last quarter. Allworth Financial LP raised its position in USA Compression Partners by 3,054.8% during the third 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 in the last quarter. Finally, Childress Capital Advisors LLC lifted its stake in USA Compression Partners by 61.1% in the third 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. 47.77% of the stock is currently owned by hedge funds and other institutional investors.

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.