Royal Bank of Canada Boosts USA Compression Partners (NYSE:USAC) Price Target to $27.00

USA Compression Partners (NYSE:USAC) had its price target increased by Royal Bank of Canada from $26.00 to $27.00 in a report published on Wednesday, Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the oil and gas company’s stock.

Several other brokerages have also issued reports on USAC. Mizuho decreased their price target on shares of USA Compression Partners from $25.00 to $24.00 and set a “neutral” rating for the company in a research note on Wednesday, October 2nd. StockNews.com lowered shares of USA Compression Partners from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th. Finally, Citigroup initiated coverage on shares of USA Compression Partners in a research note on Friday, September 27th. They issued a “neutral” rating and a $23.00 price objective for the company. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, USA Compression Partners has an average rating of “Hold” and a consensus price target of $25.60.

USA Compression Partners Stock Up 0.0 %

Shares of USAC stock opened at $22.76 on Wednesday. The company has a 50 day moving average of $22.44 and a 200-day moving average of $23.62. USA Compression Partners has a 12-month low of $21.06 and a 12-month high of $28.47. The firm has a market cap of $2.66 billion, a P/E ratio of 42.94 and a beta of 1.32.

USA Compression Partners (NYSE:USAC) last issued its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.04. USA Compression Partners had a net margin of 9.77% and a negative return on equity of 40.62%. The company had revenue of $235.31 million during the quarter, compared to analyst estimates of $232.86 million. As a group, equities analysts expect that USA Compression Partners will post 0.82 EPS for the current year.

USA Compression Partners Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Monday, October 21st will be issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 9.23%. The ex-dividend date is Monday, October 21st. USA Compression Partners’s payout ratio is 396.23%.

Insider Buying and Selling at USA Compression Partners

In other USA Compression Partners news, insider Eric D. Long sold 21,396 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $22.27, for a total value of $476,488.92. Following the completion of the transaction, the insider now directly owns 1,786 shares of the company’s stock, valued at $39,774.22. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other USA Compression Partners news, insider Eric D. Long sold 1,786 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $22.81, for a total value of $40,738.66. Following the completion of the transaction, the insider now directly owns 307,026 shares of the company’s stock, valued at $7,003,263.06. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Eric D. Long sold 21,396 shares of USA Compression Partners stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $22.27, for a total transaction of $476,488.92. Following the sale, the insider now directly owns 1,786 shares of the company’s stock, valued at $39,774.22. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

Institutional Investors Weigh In On USA Compression Partners

A number of large investors have recently added to or reduced their stakes in USAC. F&V Capital Management LLC bought a new position in shares of USA Compression Partners during the 1st quarter valued at about $209,000. Lincoln National Corp bought a new position in shares of USA Compression Partners during the 1st quarter valued at about $2,814,000. Jennison Associates LLC bought a new position in shares of USA Compression Partners during the 1st quarter valued at about $4,775,000. Susquehanna Fundamental Investments LLC bought a new position in shares of USA Compression Partners during the 1st quarter valued at about $1,107,000. Finally, TSA Wealth Managment LLC bought a new position in shares of USA Compression Partners during the 1st quarter valued at about $232,000. Hedge funds and other institutional investors own 47.77% of the company’s stock.

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.