Raymond James Raises USA Compression Partners (NYSE:USAC) Price Target to $30.00

USA Compression Partners (NYSE:USAC) had its price objective boosted by Raymond James from $28.00 to $30.00 in a research note issued to investors on Tuesday morning, Benzinga reports. Raymond James currently has an outperform rating on the oil and gas company’s stock.

A number of other brokerages have also issued reports on USAC. Mizuho upped their price target on shares of USA Compression Partners from $22.00 to $23.00 and gave the company an underperform rating in a research note on Wednesday, February 14th. StockNews.com downgraded USA Compression Partners from a buy rating to a hold rating in a research report on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of Hold and an average price target of $24.75.

USA Compression Partners Stock Up 0.8 %

USA Compression Partners stock opened at $25.18 on Tuesday. The firm has a market cap of $2.59 billion, a P/E ratio of 119.91 and a beta of 1.30. The business has a fifty day moving average of $25.94 and a two-hundred day moving average of $25.20. USA Compression Partners has a twelve month low of $18.48 and a twelve month high of $28.47.

USA Compression Partners (NYSE:USAC) last released its quarterly earnings results on Tuesday, February 13th. The oil and gas company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.02). USA Compression Partners had a net margin of 8.07% and a negative return on equity of 31.81%. The firm had revenue of $225.05 million for the quarter, compared to analysts’ expectations of $221.50 million. During the same period in the previous year, the company posted ($0.04) earnings per share. Equities analysts expect that USA Compression Partners will post 0.59 earnings per share for the current year.

USA Compression Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Monday, April 22nd will be paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 8.34%. The ex-dividend date of this dividend is Friday, April 19th. USA Compression Partners’s dividend payout ratio is presently 1,000.05%.

Insider Buying and Selling at USA Compression Partners

In other USA Compression Partners news, insider Eric D. Long sold 9,329 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $24.50, for a total transaction of $228,560.50. Following the completion of the sale, the insider now owns 356,071 shares of the company’s stock, valued at $8,723,739.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other USA Compression Partners news, major shareholder Veteran Equity Aggregator Eig sold 5,889,297 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $25.12, for a total value of $147,939,140.64. Following the sale, the insider now owns 5,882,528 shares of the company’s stock, valued at $147,769,103.36. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Eric D. Long sold 9,329 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $24.50, for a total value of $228,560.50. Following the transaction, the insider now owns 356,071 shares in the company, valued at $8,723,739.50. The disclosure for this sale can be found here. Insiders sold 7,755,566 shares of company stock valued at $194,685,337 over the last quarter.

Institutional Trading of USA Compression Partners

Several hedge funds have recently made changes to their positions in the business. F&V Capital Management LLC acquired a new position in USA Compression Partners during the 1st quarter worth $209,000. Creekmur Asset Management LLC purchased a new position in USA Compression Partners in the fourth quarter worth approximately $46,000. Goldman Sachs Group Inc. lifted its stake in USA Compression Partners by 167.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 119,686 shares of the oil and gas company’s stock worth $2,732,000 after acquiring an additional 75,016 shares during the last quarter. Tortoise Index Solutions LLC grew its holdings in USA Compression Partners by 12.9% during the 4th quarter. Tortoise Index Solutions LLC now owns 77,972 shares of the oil and gas company’s stock worth $1,780,000 after acquiring an additional 8,899 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in shares of USA Compression Partners by 914.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,196 shares of the oil and gas company’s stock valued at $73,000 after purchasing an additional 2,881 shares during the last quarter. Institutional investors and hedge funds 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.