USA Compression Partners (USAC) Shares Down 6%

USA Compression Partners LP (NYSE:USAC)’s share price fell 6% during mid-day trading on Friday . The stock traded as low as $16.97 and last traded at $17.20. 553,467 shares changed hands during trading, an increase of 84% from the average session volume of 300,112 shares. The stock had previously closed at $18.30.

Several research firms have recently issued reports on USAC. Zacks Investment Research downgraded shares of USA Compression Partners from a “hold” rating to a “sell” rating in a report on Saturday, January 19th. B. Riley set a $22.00 price objective on shares of USA Compression Partners and gave the company a “buy” rating in a report on Wednesday, February 20th. Stifel Nicolaus began coverage on shares of USA Compression Partners in a report on Thursday, April 4th. They set a “buy” rating and a $18.00 price objective on the stock. UBS Group downgraded shares of USA Compression Partners from a “buy” rating to a “neutral” rating in a report on Thursday, January 3rd. Finally, ValuEngine downgraded shares of USA Compression Partners from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. USA Compression Partners presently has a consensus rating of “Buy” and an average target price of $19.83.

The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.86 and a current ratio of 1.46. The firm has a market cap of $1.55 billion, a PE ratio of -40.00 and a beta of 1.37.

USA Compression Partners (NYSE:USAC) last issued its quarterly earnings results on Tuesday, February 19th. The oil and gas company reported $0.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.06. USA Compression Partners had a negative net margin of 0.44% and a positive return on equity of 1.57%. The company had revenue of $172.00 million for the quarter, compared to the consensus estimate of $170.78 million. During the same quarter in the prior year, the company earned $0.07 EPS. USA Compression Partners’s quarterly revenue was up 128.1% on a year-over-year basis. As a group, research analysts forecast that USA Compression Partners LP will post -0.05 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Monday, April 29th will be given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 12.21%. This is an increase from USA Compression Partners’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Friday, April 26th. USA Compression Partners’s dividend payout ratio (DPR) is presently -488.37%.

Large investors have recently modified their holdings of the stock. Intrinsic Edge Capital Management LLC acquired a new stake in shares of USA Compression Partners during the 4th quarter worth about $1,188,000. Dividend Assets Capital LLC increased its position in shares of USA Compression Partners by 9.9% during the 4th quarter. Dividend Assets Capital LLC now owns 372,330 shares of the oil and gas company’s stock worth $4,833,000 after purchasing an additional 33,688 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of USA Compression Partners by 3.2% during the 3rd quarter. Renaissance Technologies LLC now owns 333,800 shares of the oil and gas company’s stock worth $5,511,000 after purchasing an additional 10,500 shares during the last quarter. Wiley BROS. Aintree Capital LLC increased its position in shares of USA Compression Partners by 7.7% during the 1st quarter. Wiley BROS. Aintree Capital LLC now owns 33,633 shares of the oil and gas company’s stock worth $525,000 after purchasing an additional 2,400 shares during the last quarter. Finally, Arrow Investment Advisors LLC boosted its holdings in USA Compression Partners by 2.5% during the 4th quarter. Arrow Investment Advisors LLC now owns 29,487 shares of the oil and gas company’s stock valued at $383,000 after acquiring an additional 727 shares during the period. 34.73% of the stock is owned by hedge funds and other institutional investors.

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About USA Compression Partners (NYSE:USAC)

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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