USA Compression Partners (NYSE:USAC) Trading Down 4.6% – What’s Next?

USA Compression Partners LP (NYSE:USAC) was down 4.6% on Friday . The company traded as low as $26.65 and last traded at $26.50. Approximately 33,411 shares traded hands during trading, a decline of 92% from the average daily volume of 412,965 shares. The stock had previously closed at $27.76.

Analyst Ratings Changes

Separately, Royal Bank of Canada reissued a “sector perform” rating and issued a $27.00 price target on shares of USA Compression Partners in a report on Friday, November 22nd. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $26.00.

USA Compression Partners Stock Down 3.6 %

The business has a 50-day simple moving average of $23.91 and a 200-day simple moving average of $23.06. The company has a market cap of $3.13 billion, a PE ratio of 46.93 and a beta of 1.34.

USA Compression Partners (NYSE:USAC) last issued its quarterly 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 analysts’ expectations 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 period in the previous year, the firm posted $0.09 EPS. On average, research analysts forecast that USA Compression Partners LP will post 0.8 EPS for the current fiscal year.

USA Compression Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Monday, January 27th will be paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 7.85%. The ex-dividend date is Monday, January 27th. USA Compression Partners’s dividend payout ratio is presently 368.42%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in USAC. Allworth Financial LP grew its stake in USA Compression Partners by 3,054.8% during the 3rd quarter. Allworth Financial LP now owns 1,325 shares of the oil and gas company’s stock valued at $30,000 after acquiring an additional 1,283 shares in the last quarter. Sunbelt Securities Inc. grew its position in shares of USA Compression Partners by 12.2% in the second quarter. Sunbelt Securities Inc. now owns 4,445 shares of the oil and gas company’s stock valued at $105,000 after purchasing an additional 485 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in USA Compression Partners in the second quarter valued at about $204,000. Stifel Financial Corp purchased a new position in USA Compression Partners during the third quarter worth about $210,000. Finally, Seelaus Asset Management LLC increased its holdings in USA Compression Partners by 4.6% in the 3rd quarter. Seelaus Asset Management LLC now owns 11,278 shares of the oil and gas company’s stock valued at $258,000 after purchasing an additional 500 shares during the last quarter. 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.