Shares of USA Compression Partners LP (NYSE:USAC) have earned an average recommendation of “Hold” from the nine brokerages that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $20.60.
Several research analysts have commented on USAC shares. Wells Fargo & Co cut their target price on USA Compression Partners from $20.00 to $19.00 and set a “market perform” rating on the stock in a report on Thursday, September 13th. ValuEngine raised USA Compression Partners from a “hold” rating to a “buy” rating in a report on Wednesday, August 8th. Zacks Investment Research downgraded USA Compression Partners from a “buy” rating to a “hold” rating in a report on Wednesday, October 24th. Mitsubishi UFJ Financial Group started coverage on USA Compression Partners in a report on Wednesday, September 5th. They set an “overweight” rating and a $22.00 target price on the stock. Finally, B. Riley reaffirmed a “buy” rating and set a $21.00 target price on shares of USA Compression Partners in a report on Friday, August 31st.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. OppenheimerFunds Inc. lifted its holdings in USA Compression Partners by 21.9% during the 2nd quarter. OppenheimerFunds Inc. now owns 9,020,191 shares of the oil and gas company’s stock worth $151,810,000 after buying an additional 1,618,796 shares during the period. Perella Weinberg Partners Capital Management LP raised its position in shares of USA Compression Partners by 134.8% in the 2nd quarter. Perella Weinberg Partners Capital Management LP now owns 1,051,564 shares of the oil and gas company’s stock worth $17,698,000 after acquiring an additional 603,657 shares in the last quarter. First Trust Advisors LP raised its position in shares of USA Compression Partners by 30.4% in the 3rd quarter. First Trust Advisors LP now owns 530,605 shares of the oil and gas company’s stock worth $8,760,000 after acquiring an additional 123,621 shares in the last quarter. Bank of America Corp DE raised its position in shares of USA Compression Partners by 122.7% in the 2nd quarter. Bank of America Corp DE now owns 463,227 shares of the oil and gas company’s stock worth $7,796,000 after acquiring an additional 255,201 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of USA Compression Partners by 88.6% in the 2nd quarter. Renaissance Technologies LLC now owns 323,300 shares of the oil and gas company’s stock worth $5,441,000 after acquiring an additional 151,900 shares in the last quarter. 42.31% of the stock is currently owned by hedge funds and other institutional investors.
USA Compression Partners (NYSE:USAC) last released its quarterly earnings data on Tuesday, August 7th. The oil and gas company reported ($0.64) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.56). The firm had revenue of $166.90 million for the quarter, compared to analyst estimates of $151.67 million. USA Compression Partners had a negative net margin of 0.72% and a positive return on equity of 2.24%. On average, analysts forecast that USA Compression Partners will post -0.31 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 9th. Shareholders of record on Monday, October 29th will be issued a dividend of $0.525 per share. The ex-dividend date is Friday, October 26th. This is an increase from USA Compression Partners’s previous quarterly dividend of $0.51. This represents a $2.10 annualized dividend and a yield of 14.31%. USA Compression Partners’s payout ratio is presently 1,312.50%.
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.
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