Royal Bank of Canada reaffirmed their hold rating on shares of Usa Compression Partners LP (NYSE:USAC) in a report issued on Tuesday. The firm currently has a $20.00 price target on the oil and gas company’s stock.
Several other analysts have also issued reports on the company. Zacks Investment Research upgraded Usa Compression Partners from a sell rating to a hold rating in a report on Tuesday, April 25th. FBR & Co reiterated a buy rating on shares of Usa Compression Partners in a report on Tuesday, February 14th.
Shares of Usa Compression Partners (NYSE:USAC) opened at 16.5055 on Tuesday. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 203.7716 and a beta of 1.23. The firm’s 50-day moving average price is $16.85 and its 200 day moving average price is $17.43. Usa Compression Partners has a 52 week low of $13.65 and a 52 week high of $19.78.
Usa Compression Partners (NYSE:USAC) last announced its quarterly earnings data on Thursday, May 4th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by $0.03. Usa Compression Partners had a return on equity of 2.79% and a net margin of 4.86%. The firm had revenue of $66 million for the quarter, compared to analysts’ expectations of $64.30 million. During the same quarter in the prior year, the business posted $0.24 earnings per share. Usa Compression Partners’s revenue was down .6% on a year-over-year basis. On average, analysts anticipate that Usa Compression Partners will post $0.30 EPS for the current year.
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The business also recently announced a quarterly dividend, which was paid on Friday, May 12th. Shareholders of record on Tuesday, May 2nd were issued a dividend of $0.525 per share. The ex-dividend date of this dividend was Friday, April 28th. This represents a $2.10 annualized dividend and a yield of 12.79%. Usa Compression Partners’s dividend payout ratio (DPR) is currently 700.00%.
A number of institutional investors have recently bought and sold shares of USAC. Global X Management Co. LLC raised its position in Usa Compression Partners by 5.9% in the first quarter. Global X Management Co. LLC now owns 8,788 shares of the oil and gas company’s stock valued at $148,000 after buying an additional 490 shares during the period. Robertson Stephens Advisors LLC bought a new position in Usa Compression Partners during the fourth quarter valued at $173,000. Atlantic Trust Group LLC bought a new position in Usa Compression Partners during the first quarter valued at $254,000. Financial Counselors Inc. bought a new position in Usa Compression Partners during the first quarter valued at $297,000. Finally, Creative Planning raised its position in Usa Compression Partners by 6.5% in the first quarter. Creative Planning now owns 22,950 shares of the oil and gas company’s stock valued at $388,000 after buying an additional 1,400 shares during the period. Institutional investors own 98.78% of the company’s stock.
Usa Compression Partners Company Profile
USA Compression Partners, LP is an independent provider of compression services in the United States. The Company provides compression services to its customers primarily in connection with infrastructure applications, including both allowing for the processing and transportation of natural gas through the domestic pipeline system and managing crude oil production through artificial lift processes.
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