JPMorgan Chase & Co. reaffirmed their underweight rating on shares of USA Compression Partners (NYSE:USAC – Free Report) in a research note published on Monday,Benzinga reports. JPMorgan Chase & Co. currently has a $25.00 price target on the oil and gas company’s stock, up from their previous price target of $24.00.
Separately, Citigroup boosted their price target on shares of USA Compression Partners from $24.00 to $27.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 25th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, USA Compression Partners has an average rating of “Hold” and an average price target of $26.25.
Get Our Latest Stock Report on USA Compression Partners
USA Compression Partners Stock Down 0.9%
USA Compression Partners (NYSE:USAC – Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.04). The business had revenue of $245.23 million for the quarter, compared to analysts’ expectations of $244.79 million. USA Compression Partners had a negative return on equity of 81.01% and a net margin of 9.99%. On average, research analysts anticipate that USA Compression Partners will post 1.05 earnings per share for the current year.
USA Compression Partners Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Monday, April 28th were paid a dividend of $0.525 per share. The ex-dividend date was Monday, April 28th. This represents a $2.10 annualized dividend and a yield of 8.51%. This is a positive change from USA Compression Partners’s previous quarterly dividend of $0.51. USA Compression Partners’s payout ratio is 308.82%.
Insider Transactions at USA Compression Partners
In other USA Compression Partners news, Director Bradford D. Whitehurst bought 10,000 shares of USA Compression Partners stock in a transaction that occurred on Thursday, May 8th. The shares were bought at an average price of $23.50 per share, with a total value of $235,000.00. Following the acquisition, the director now owns 23,616 shares in the company, valued at approximately $554,976. This trade represents a 73.44% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Institutional Trading of USA Compression Partners
Hedge funds have recently added to or reduced their stakes in the business. Alps Advisors Inc. grew its stake in shares of USA Compression Partners by 18.5% during the first quarter. Alps Advisors Inc. now owns 15,990,511 shares of the oil and gas company’s stock valued at $431,424,000 after buying an additional 2,490,895 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in USA Compression Partners by 82.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,863,377 shares of the oil and gas company’s stock valued at $77,254,000 after acquiring an additional 1,296,339 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in USA Compression Partners by 32.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,651,264 shares of the oil and gas company’s stock worth $125,491,000 after acquiring an additional 1,141,556 shares during the last quarter. Raymond James Financial Inc. bought a new position in USA Compression Partners during the 4th quarter worth approximately $13,905,000. Finally, Invesco Ltd. increased its stake in USA Compression Partners by 0.9% in the 4th quarter. Invesco Ltd. now owns 12,274,451 shares of the oil and gas company’s stock worth $289,186,000 after purchasing an additional 107,058 shares during the period. 47.77% of the stock is owned by 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.
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