USA Compression Partners LP (NYSE:USAC) Director Buys $235,000.00 in Stock

USA Compression Partners LP (NYSE:USAC) Director Bradford D. Whitehurst purchased 10,000 shares of the business’s stock in a transaction 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 purchase, the director now directly owns 23,616 shares in the company, valued at approximately $554,976. The trade was a 73.44 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

USA Compression Partners Trading Up 2.8 %

USA Compression Partners stock opened at $24.22 on Friday. The firm has a 50 day simple moving average of $25.23 and a 200 day simple moving average of $24.81. USA Compression Partners LP has a 1-year low of $21.06 and a 1-year high of $30.10. The firm has a market capitalization of $2.85 billion, a price-to-earnings ratio of 33.18 and a beta of 0.53.

USA Compression Partners (NYSE:USAC) last announced its quarterly earnings results on Tuesday, May 6th. The oil and gas company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.04). USA Compression Partners had a net margin of 10.48% and a negative return on equity of 62.46%. The company had revenue of $245.23 million during the quarter, compared to analysts’ expectations of $244.79 million. On average, equities research analysts forecast that USA Compression Partners LP will post 1.05 EPS for the current year.

USA Compression Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Monday, April 28th were given a dividend of $0.525 per share. The ex-dividend date was Monday, April 28th. This is a boost from USA Compression Partners’s previous quarterly dividend of $0.51. This represents a $2.10 annualized dividend and a dividend yield of 8.67%. USA Compression Partners’s dividend payout ratio is currently 308.82%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Citigroup increased their price objective on shares of USA Compression Partners from $24.00 to $27.00 and gave the company a “neutral” rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. increased their price objective on USA Compression Partners from $23.00 to $24.00 and gave the company an “underweight” rating in a report on Tuesday, March 11th. Finally, Mizuho boosted their target price on USA Compression Partners from $24.00 to $26.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $26.00.

Institutional Trading of USA Compression Partners

Several institutional investors and hedge funds have recently bought and sold shares of the company. Alps Advisors Inc. grew its position in shares of USA Compression Partners by 18.5% during the 1st quarter. Alps Advisors Inc. now owns 15,990,511 shares of the oil and gas company’s stock valued at $431,424,000 after purchasing an additional 2,490,895 shares in the last quarter. Invesco Ltd. boosted its stake in USA Compression Partners by 0.9% during the fourth quarter. Invesco Ltd. now owns 12,274,451 shares of the oil and gas company’s stock valued at $289,186,000 after buying an additional 107,058 shares during the period. Raymond James Financial Inc. purchased a new position in USA Compression Partners during the fourth quarter worth about $13,905,000. Objectivity Squared LLC increased its stake in USA Compression Partners by 2.4% in the 4th quarter. Objectivity Squared LLC now owns 211,813 shares of the oil and gas company’s stock worth $5,048,000 after acquiring an additional 4,970 shares during the last quarter. Finally, Corient Private Wealth LLC raised its holdings in shares of USA Compression Partners by 28.9% in the 4th quarter. Corient Private Wealth LLC now owns 165,887 shares of the oil and gas company’s stock valued at $3,908,000 after acquiring an additional 37,232 shares in the last quarter. 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.