USA Compression Partners (NYSE:USAC) Sets New 52-Week High – Still a Buy?

USA Compression Partners LP (NYSE:USAC) shares reached a new 52-week high on Wednesday . The stock traded as high as $28.50 and last traded at $28.00, with a volume of 55832 shares trading hands. The stock had previously closed at $28.03.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on USAC shares. Mizuho raised their target price on shares of USA Compression Partners from $24.00 to $26.00 and gave the company a “neutral” rating in a research note on Monday. Royal Bank of Canada reissued a “sector perform” rating and issued a $27.00 target price on shares of USA Compression Partners in a research report on Friday, November 22nd. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, USA Compression Partners presently has an average rating of “Hold” and a consensus price target of $26.50.

USA Compression Partners Trading Down 0.4 %

The stock has a market capitalization of $3.27 billion, a PE ratio of 49.08 and a beta of 1.34. The firm has a 50-day moving average price of $24.12 and a 200-day moving average price of $23.10.

USA Compression Partners (NYSE:USAC) last issued its earnings results on Tuesday, November 5th. The oil and gas company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.07). The company had revenue of $239.97 million during the quarter, compared to the consensus estimate of $238.37 million. USA Compression Partners had a negative return on equity of 47.53% and a net margin of 9.36%. During the same quarter in the prior year, the business earned $0.09 EPS. Sell-side analysts expect that USA Compression Partners LP will post 0.8 earnings per share for the current fiscal year.

USA Compression Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Monday, January 27th will be paid a dividend of $0.525 per share. The ex-dividend date is Monday, January 27th. This represents a $2.10 annualized dividend and a dividend yield of 7.52%. USA Compression Partners’s dividend payout ratio (DPR) is presently 368.43%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Truist Financial Corp purchased a new position in USA Compression Partners during the 4th quarter valued at $2,428,000. Infrastructure Capital Advisors LLC grew its stake in USA Compression Partners by 14.9% during the 3rd quarter. Infrastructure Capital Advisors LLC now owns 196,206 shares of the oil and gas company’s stock worth $4,497,000 after buying an additional 25,439 shares during the last quarter. Strategic Financial Concepts LLC purchased a new position in USA Compression Partners during the 4th quarter worth $333,000. Americana Partners LLC purchased a new stake in USA Compression Partners during the 3rd quarter valued at about $322,000. Finally, Chicago Partners Investment Group LLC grew its stake in USA Compression Partners by 20.7% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 75,770 shares of the oil and gas company’s stock valued at $1,663,000 after purchasing an additional 12,978 shares during the last quarter. 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.