USA Compression Partners’ (USAC) Sector Perform Rating Reaffirmed at Royal Bank of Canada

Royal Bank of Canada reiterated their sector perform rating on shares of USA Compression Partners (NYSE:USAC) in a research note issued to investors on Friday morning,Benzinga reports. The brokerage currently has a $27.00 price objective on the oil and gas company’s stock.

A number of other analysts also recently weighed in on USAC. Citigroup assumed coverage on USA Compression Partners in a research note on Friday, September 27th. They issued a “neutral” rating and a $23.00 price target on the stock. Mizuho cut their price target on shares of USA Compression Partners from $25.00 to $24.00 and set a “neutral” rating for the company in a report on Wednesday, October 2nd. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $26.00.

USA Compression Partners Stock Down 0.1 %

USAC opened at $23.70 on Friday. The business has a 50 day moving average price of $22.74 and a two-hundred day moving average price of $23.06. USA Compression Partners has a 52 week low of $21.06 and a 52 week high of $28.47. The company has a market cap of $2.77 billion, a PE ratio of 41.58 and a beta of 1.32.

USA Compression Partners (NYSE:USAC) last released its earnings results on Tuesday, November 5th. The oil and gas company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.07). The firm had revenue of $239.97 million during the quarter, compared to analyst estimates of $238.37 million. USA Compression Partners had a negative return on equity of 47.53% and a net margin of 9.36%. During the same quarter last year, the business posted $0.09 EPS. As a group, sell-side analysts expect that USA Compression Partners will post 0.81 EPS for the current fiscal year.

USA Compression Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Monday, October 21st were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 8.86%. The ex-dividend date was Monday, October 21st. USA Compression Partners’s dividend payout ratio (DPR) is presently 368.43%.

Institutional Trading of USA Compression Partners

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. lifted its holdings in USA Compression Partners by 12.7% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 533,424 shares of the oil and gas company’s stock valued at $12,658,000 after purchasing an additional 60,010 shares in the last quarter. Custom Index Systems LLC acquired a new position in shares of USA Compression Partners in the second quarter valued at approximately $1,329,000. Cambridge Investment Research Advisors Inc. raised its holdings in USA Compression Partners by 252.1% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 44,596 shares of the oil and gas company’s stock valued at $1,058,000 after acquiring an additional 31,930 shares during the last quarter. GraniteShares Advisors LLC lifted its stake in shares of USA Compression Partners by 14.3% during the 2nd quarter. GraniteShares Advisors LLC now owns 81,336 shares of the oil and gas company’s stock worth $1,930,000 after purchasing an additional 10,146 shares during the period. Finally, Sanctuary Advisors LLC purchased a new stake in shares of USA Compression Partners in the second quarter valued at $204,000. 47.77% of the stock is currently owned by hedge funds and other institutional investors.

USA Compression Partners Company Profile

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.