USA Compression Partners (NYSE:USAC) Cut to Hold at Wall Street Zen

Wall Street Zen downgraded shares of USA Compression Partners (NYSE:USAC) from a buy rating to a hold rating in a research note published on Saturday,Wall Street Zen reports.

Other equities analysts have also issued research reports about the stock. Zacks Research raised shares of USA Compression Partners from a “strong sell” rating to a “hold” rating in a report on Monday, August 31st. Mizuho raised their price objective on shares of USA Compression Partners from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Friday, June 12th. Finally, Royal Bank Of Canada lifted their price objective on shares of USA Compression Partners from $30.00 to $31.00 and gave the stock a “sector perform” rating in a report on Tuesday, September 1st. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $29.50.

USA Compression Partners Stock Performance

NYSE:USAC opened at $25.28 on Friday. The stock has a market cap of $3.66 billion, a P/E ratio of 23.85 and a beta of 0.23. The company has a quick ratio of 0.68, a current ratio of 1.35 and a debt-to-equity ratio of 10.25. The business’s 50-day moving average price is $26.49 and its two-hundred day moving average price is $27.10. USA Compression Partners has a twelve month low of $21.85 and a twelve month high of $30.55.

USA Compression Partners (NYSE:USAC) last issued its quarterly earnings data on Tuesday, August 4th. The oil and gas company reported $0.31 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 analyst estimates of $340.49 million. As a group, equities analysts predict that USA Compression Partners will post 1.17 EPS for the current fiscal year.

USA Compression Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 7th. Investors of record on Monday, July 27th were issued a dividend of $0.5250 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date of this dividend was Monday, July 27th. USA Compression Partners’s dividend payout ratio (DPR) is currently 198.11%.

Insiders Place Their Bets

In other news, Director Bradford Whitehurst bought 6,000 shares of the business’s stock in a transaction on Friday, August 21st. The stock was acquired at an average price of $26.10 per share, with a total value of $156,600.00. Following the completion of the purchase, the director directly owned 43,616 shares in the company, valued at $1,138,377.60. This represents a 15.95% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. MV Capital Management Inc. purchased a new stake in shares of USA Compression Partners in the 4th quarter valued at $86,000. First Bancorp Inc ME bought a new position in shares of USA Compression Partners during the 2nd quarter valued at $117,000. One Charles Private Wealth Services LLC purchased a new position in USA Compression Partners in the 1st quarter worth $212,000. Texas Yale Capital Corp. purchased a new position in USA Compression Partners in the 4th quarter worth $224,000. Finally, TSA Wealth Managment LLC purchased a new position in USA Compression Partners in the 1st quarter worth $236,000. 47.77% of the stock is owned by hedge funds and other institutional investors.

About USA Compression Partners

USA Compression Partners LP (NYSE: USAC) is a publicly traded master limited partnership that provides natural gas compression services to customers across the United States. The company supports the movement of natural gas through gathering, processing, transmission, storage and related midstream systems.

USA Compression owns and operates a fleet of natural gas compression equipment, including large reciprocating compressors and associated infrastructure. Its services help maintain the pressure needed to transport natural gas from production areas to processing facilities, pipelines, storage locations and end markets.