USA Compression Partners (NYSE:USAC) Sets New 1-Year High – Here’s Why

Shares of USA Compression Partners, LP (NYSE:USAC) reached a new 52-week high during trading on Tuesday . The stock traded as high as $28.49 and last traded at $28.5050, with a volume of 17280 shares trading hands. The stock had previously closed at $27.99.

Analyst Ratings Changes

Several research analysts recently issued reports on USAC shares. Citigroup reissued a “neutral” rating on shares of USA Compression Partners in a report on Tuesday, December 2nd. Stifel Nicolaus increased their price target on USA Compression Partners from $27.00 to $30.00 and gave the stock a “hold” rating in a research report on Wednesday, February 18th. Mizuho boosted their price objective on USA Compression Partners from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Monday, January 12th. Zacks Research upgraded USA Compression Partners from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. Finally, Wall Street Zen cut USA Compression Partners from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, USA Compression Partners currently has an average rating of “Moderate Buy” and an average price target of $26.67.

USA Compression Partners Stock Performance

The firm has a market capitalization of $4.12 billion, a PE ratio of 33.77 and a beta of 0.22. The firm’s 50 day moving average price is $26.25 and its 200-day moving average price is $24.51.

USA Compression Partners (NYSE:USAC) last announced its quarterly earnings results on Tuesday, February 17th. The oil and gas company reported $0.28 earnings per share for the quarter, meeting the consensus estimate of $0.28. The firm had revenue of $252.48 million during the quarter, compared to analyst estimates of $253.43 million. USA Compression Partners had a negative return on equity of 87.34% and a net margin of 11.15%. On average, equities research analysts expect that USA Compression Partners, LP will post 1.05 earnings per share for the current fiscal year.

USA Compression Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 6th. Stockholders of record on Monday, January 26th were paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 7.4%. The ex-dividend date of this dividend was Monday, January 26th. USA Compression Partners’s dividend payout ratio is presently 250.00%.

Institutional Trading of USA Compression Partners

A number of institutional investors and hedge funds have recently modified their holdings of USAC. Goldman Sachs Group Inc. lifted its stake in USA Compression Partners by 82.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,863,377 shares of the oil and gas company’s stock valued at $77,254,000 after buying an additional 1,296,339 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of USA Compression Partners by 274.5% in the second quarter. JPMorgan Chase & Co. now owns 5,351,079 shares of the oil and gas company’s stock valued at $130,085,000 after acquiring an additional 3,922,383 shares in the last quarter. Global Retirement Partners LLC acquired a new stake in shares of USA Compression Partners in the second quarter worth approximately $255,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of USA Compression Partners by 14.1% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,305,265 shares of the oil and gas company’s stock worth $128,971,000 after purchasing an additional 654,001 shares in the last quarter. Finally, Raymond James Financial Inc. raised its stake in USA Compression Partners by 1.5% in the 2nd quarter. Raymond James Financial Inc. now owns 548,743 shares of the oil and gas company’s stock valued at $13,340,000 after purchasing an additional 8,169 shares during the last quarter. Hedge funds and other institutional investors own 47.77% of the company’s stock.

USA Compression Partners Company Profile

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.