USA Compression Partners (NYSE:USAC) Reaches New 12-Month High – What’s Next?

by · The Cerbat Gem

USA Compression Partners, LP (NYSE:USACGet Free Report)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $29.47 and last traded at $29.1560, with a volume of 146337 shares traded. The stock had previously closed at $27.43.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on USAC shares. Wall Street Zen lowered shares of USA Compression Partners from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Texas Capital upgraded shares of USA Compression Partners from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 9th. Mizuho raised their price objective on shares of USA Compression Partners from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Monday, January 12th. Zacks Research lowered shares of USA Compression Partners from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 16th. Finally, Stifel Nicolaus raised their price objective on shares of USA Compression Partners from $27.00 to $30.00 and gave the company a “hold” rating in a research note on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, USA Compression Partners currently has an average rating of “Hold” and a consensus target price of $26.67.

Check Out Our Latest Analysis on USAC

USA Compression Partners Trading Up 6.7%

The company’s 50-day moving average price is $27.52 and its two-hundred day moving average price is $25.56. The company has a market cap of $4.24 billion, a P/E ratio of 30.19 and a beta of 0.22.

USA Compression Partners (NYSE:USACGet Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The oil and gas company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.08). USA Compression Partners had a net margin of 11.91% and a negative return on equity of 106.34%. The business had revenue of $331.28 million for the quarter, compared to the consensus estimate of $308.35 million. Equities analysts forecast that USA Compression Partners, LP will post 1.25 earnings per share for the current year.

USA Compression Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Monday, April 27th were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 7.2%. The ex-dividend date was Monday, April 27th. USA Compression Partners’s dividend payout ratio (DPR) is presently 216.49%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Alps Advisors Inc. boosted its holdings in shares of USA Compression Partners by 3.8% in the fourth quarter. Alps Advisors Inc. now owns 17,748,200 shares of the oil and gas company’s stock worth $408,209,000 after buying an additional 642,462 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of USA Compression Partners by 29.8% in the fourth quarter. JPMorgan Chase & Co. now owns 4,599,073 shares of the oil and gas company’s stock worth $105,779,000 after buying an additional 1,056,548 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of USA Compression Partners by 9.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,344,670 shares of the oil and gas company’s stock worth $76,927,000 after buying an additional 302,491 shares during the period. Morgan Stanley boosted its holdings in shares of USA Compression Partners by 123.5% in the fourth quarter. Morgan Stanley now owns 2,712,603 shares of the oil and gas company’s stock worth $62,390,000 after buying an additional 1,498,928 shares during the period. Finally, Raymond James Financial Inc. boosted its holdings in shares of USA Compression Partners by 2.5% in the third quarter. Raymond James Financial Inc. now owns 562,735 shares of the oil and gas company’s stock worth $13,506,000 after buying an additional 13,992 shares during the period. 47.77% of the stock is currently owned by institutional investors and hedge funds.

USA Compression Partners Company Profile

(Get Free Report)

USA Compression Partners (NYSE: USAC) is a Houston-based master limited partnership specializing in natural gas compression services for oil and gas producers. The company offers a full suite of midstream compression solutions designed to enhance production flow and optimize field operations. Its core activities include the design, engineering, fabrication, installation, operation and maintenance of natural gas compression equipment onshore across key U.S. basins.

USA Compression’s product and service offerings encompass new equipment deployment, aftermarket parts and component sales, field service support, and instrumentation and control systems.

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