USA Compression Partners (NYSE:USAC) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of USA Compression Partners (NYSE:USAC) from a strong sell rating to a hold rating in a research note issued to investors on Monday,Zacks reports.

A number of other equities analysts have also issued reports on the stock. Wall Street Zen upgraded shares of USA Compression Partners from a “hold” rating to a “buy” rating in a research report on Saturday. Royal Bank Of Canada boosted their price target on shares of USA Compression Partners from $30.00 to $31.00 and gave the stock a “sector perform” rating in a research report on Tuesday. Mizuho increased their price objective on shares of USA Compression Partners from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Friday, June 12th. Finally, 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. One analyst has rated the stock with a Strong Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $29.50.

USA Compression Partners Trading Up 0.3%

Shares of USAC stock opened at $27.15 on Monday. The company has a debt-to-equity ratio of 10.25, a quick ratio of 0.68 and a current ratio of 1.35. USA Compression Partners has a 1 year low of $21.85 and a 1 year high of $30.55. The stock has a fifty day moving average of $26.39 and a two-hundred day moving average of $27.17. The firm has a market capitalization of $3.94 billion, a PE ratio of 25.61 and a beta of 0.23.

USA Compression Partners (NYSE:USAC) last released its quarterly earnings results on Tuesday, August 4th. The oil and gas company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.03. USA Compression Partners had a return on equity of 179.77% and a net margin of 12.43%.The company had revenue of $342.15 million during the quarter, compared to analysts’ expectations of $340.49 million. As a group, research analysts expect that USA Compression Partners will post 1.17 EPS for the current year.

USA Compression Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 7th. Shareholders of record on Monday, July 27th were issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 7.7%. The ex-dividend date of this dividend was Monday, July 27th. USA Compression Partners’s dividend payout ratio is presently 198.11%.

Insiders Place Their Bets

In other USA Compression Partners news, Director Bradford D. Whitehurst acquired 6,000 shares of USA Compression Partners stock in a transaction dated Friday, August 21st. The stock was bought at an average price of $26.10 per share, for a total transaction of $156,600.00. Following the transaction, the director owned 43,616 shares in the company, valued at approximately $1,138,377.60. This trade represents a 15.95% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Institutional Trading of USA Compression Partners

A number of large investors have recently added to or reduced their stakes in USAC. Alps Advisors Inc. grew its position in 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 last quarter. JPMorgan Chase & Co. lifted its position in shares of USA Compression Partners by 29.8% during the 4th quarter. JPMorgan Chase & Co. now owns 4,599,073 shares of the oil and gas company’s stock valued at $105,779,000 after acquiring an additional 1,056,548 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of USA Compression Partners by 9.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,344,670 shares of the oil and gas company’s stock valued at $76,927,000 after acquiring an additional 302,491 shares during the last quarter. Morgan Stanley boosted its stake in shares of 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 worth $62,390,000 after acquiring an additional 1,498,928 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its stake in shares of USA Compression Partners by 2.5% during the 3rd quarter. Raymond James Financial Inc. now owns 562,735 shares of the oil and gas company’s stock worth $13,506,000 after acquiring an additional 13,992 shares in the last quarter. 47.77% of the stock is currently owned by 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.