USA Compression Partners (NYSE:USAC) Sets New 1-Year High – What’s Next?

Shares of USA Compression Partners, LP (NYSE:USAC) hit a new 52-week high on Monday . The company traded as high as $30.43 and last traded at $30.2450, with a volume of 45589 shares. The stock had previously closed at $29.67.

Analyst Ratings Changes

A number of research firms have commented on USAC. Zacks Research downgraded USA Compression Partners from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 16th. Texas Capital upgraded shares of USA Compression Partners from a “hold” rating to a “strong-buy” rating in a report on Monday, March 9th. Citigroup raised their price objective on shares of USA Compression Partners from $26.00 to $28.00 and gave the company a “neutral” rating in a research note on Wednesday, May 13th. Wall Street Zen lowered shares of USA Compression Partners from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Finally, Stifel Nicolaus increased their target price on shares of USA Compression Partners from $27.00 to $30.00 and gave the company a “hold” rating in a report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $27.00.

USA Compression Partners Price Performance

The company has a market cap of $4.36 billion, a price-to-earnings ratio of 31.01 and a beta of 0.22. The company has a fifty day simple moving average of $27.67 and a two-hundred day simple moving average of $25.73. The company has a quick ratio of 0.86, a current ratio of 1.55 and a debt-to-equity ratio of 9.41.

USA Compression Partners (NYSE:USAC) last released its quarterly earnings results on Tuesday, May 5th. The oil and gas company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.08). USA Compression Partners had a negative return on equity of 807.33% and a net margin of 11.91%.The firm had revenue of $331.28 million for the quarter, compared to analyst estimates of $308.35 million. On average, equities research analysts anticipate that USA Compression Partners, LP will post 1.25 earnings per share for the current fiscal year.

USA Compression Partners Announces Dividend

The firm also recently declared 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 7.0%. The ex-dividend date of this dividend was Monday, April 27th. USA Compression Partners’s dividend payout ratio is 216.49%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Alps Advisors Inc. raised its position in shares of USA Compression Partners by 9.6% during the 3rd quarter. Alps Advisors Inc. now owns 17,105,738 shares of the oil and gas company’s stock worth $410,538,000 after purchasing an additional 1,500,640 shares during the last quarter. Morgan Stanley grew its holdings in USA Compression Partners by 123.5% during the 4th quarter. Morgan Stanley now owns 2,712,603 shares of the oil and gas company’s stock valued at $62,390,000 after buying an additional 1,498,928 shares during the last quarter. Goldman Sachs Group Inc. increased its position in USA Compression Partners by 82.7% during the first quarter. Goldman Sachs Group Inc. now owns 2,863,377 shares of the oil and gas company’s stock worth $77,254,000 after buying an additional 1,296,339 shares in the last quarter. JPMorgan Chase & Co. increased its position in USA Compression Partners by 29.8% during 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 in the last quarter. Finally, Corient Private Wealth LLC raised its holdings in shares of USA Compression Partners by 131.7% in the second quarter. Corient Private Wealth LLC now owns 412,900 shares of the oil and gas company’s stock worth $10,038,000 after acquiring an additional 234,730 shares during the last quarter. 47.77% of the stock is owned by hedge funds and other institutional investors.

About USA Compression Partners

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.