USA Compression Partners LP (NYSE:USAC) Major Shareholder Sells $610,931.55 in Stock

USA Compression Partners LP (NYSE:USAC) major shareholder Veteran Equity Aggregator Eig sold 24,565 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $24.87, for a total transaction of $610,931.55. Following the completion of the transaction, the insider now directly owns 5,857,963 shares in the company, valued at approximately $145,687,539.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Veteran Equity Aggregator Eig also recently made the following trade(s):

• On Thursday, May 9th, Veteran Equity Aggregator Eig sold 9,713 shares of USA Compression Partners stock. The stock was sold at an average price of $25.14, for a total value of $244,184.82.
• On Thursday, April 4th, Veteran Equity Aggregator Eig sold 5,889,297 shares of USA Compression Partners stock. The stock was sold at an average price of $25.12, for a total value of $147,939,140.64.

USA Compression Partners Trading Down 0.5 %

NYSE:USAC traded down $0.12 during midday trading on Thursday, hitting $25.06. 241,198 shares of the stock were exchanged, compared to its average volume of 386,140. The company has a market capitalization of $2.58 billion, a price-to-earnings ratio of 119.43 and a beta of 1.30. USA Compression Partners LP has a one year low of $18.48 and a one year high of $28.47. The business has a 50-day moving average price of $26.09 and a two-hundred day moving average price of $25.13.

USA Compression Partners (NYSE:USAC) last announced its quarterly earnings data on Tuesday, February 13th. The oil and gas company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.02). The firm had revenue of $225.05 million during the quarter, compared to analyst estimates of $221.50 million. USA Compression Partners had a net margin of 8.07% and a negative return on equity of 31.81%. During the same quarter last year, the company earned ($0.04) EPS. Sell-side analysts forecast that USA Compression Partners LP will post 0.59 EPS for the current fiscal year.

USA Compression Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 3rd. Stockholders of record on Monday, April 22nd were paid a $0.525 dividend. The ex-dividend date of this dividend was Friday, April 19th. This represents a $2.10 annualized dividend and a dividend yield of 8.38%. USA Compression Partners’s dividend payout ratio is currently 1,000.05%.

Institutional Trading of USA Compression Partners

Hedge funds and other institutional investors have recently made changes to their positions in the business. Barclays PLC grew its position in USA Compression Partners by 3,008.6% in the third quarter. Barclays PLC now owns 72,618 shares of the oil and gas company’s stock worth $1,733,000 after buying an additional 70,282 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC boosted its position in shares of USA Compression Partners by 6.7% in the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 224,114 shares of the oil and gas company’s stock valued at $5,347,000 after purchasing an additional 14,000 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in shares of USA Compression Partners by 1.9% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 463,298 shares of the oil and gas company’s stock valued at $10,577,000 after purchasing an additional 8,659 shares during the period. Global Retirement Partners LLC purchased a new position in USA Compression Partners in the 4th quarter worth about $258,000. Finally, CFM Wealth Partners LLC acquired a new stake in USA Compression Partners during the 4th quarter worth about $1,543,000. 47.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

USAC has been the subject of several recent research reports. Mizuho upped their price target on shares of USA Compression Partners from $22.00 to $23.00 and gave the stock an “underperform” rating in a research report on Wednesday, February 14th. StockNews.com raised USA Compression Partners from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Raymond James lifted their target price on USA Compression Partners from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $24.75.

About USA Compression Partners

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.