Citigroup Initiates Coverage on USA Compression Partners (NYSE:USAC)

Citigroup began coverage on shares of USA Compression Partners (NYSE:USAC) in a research note released on Friday, Marketbeat.com reports. The firm issued a neutral rating and a $23.00 target price on the oil and gas company’s stock.

USAC has been the subject of a number of other research reports. StockNews.com lowered USA Compression Partners from a buy rating to a hold rating in a research note on Thursday, July 11th. Mizuho upgraded shares of USA Compression Partners from an underperform rating to a neutral rating and lifted their price target for the stock from $23.00 to $26.00 in a research note on Thursday, May 30th. Finally, Royal Bank of Canada reiterated a sector perform rating and set a $26.00 price objective on shares of USA Compression Partners in a research note on Thursday, September 12th. Five investment 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 a consensus rating of Hold and an average target price of $25.80.

USA Compression Partners Trading Up 1.5 %

NYSE USAC opened at $22.91 on Friday. The stock has a market cap of $2.68 billion, a P/E ratio of 55.98 and a beta of 1.32. The company’s fifty day simple moving average is $22.35 and its 200-day simple moving average is $24.00. USA Compression Partners has a 52 week low of $21.06 and a 52 week high of $28.47.

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

USA Compression Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 2nd. Shareholders of record on Monday, July 22nd were issued a dividend of $0.525 per share. The ex-dividend date was Monday, July 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 9.17%. USA Compression Partners’s dividend payout ratio (DPR) is 512.20%.

Insider Transactions at USA Compression Partners

In related news, insider Eric D. Long sold 1,786 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $22.81, for a total transaction of $40,738.66. Following the sale, the insider now owns 307,026 shares in the company, valued at $7,003,263.06. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Eric D. Long sold 21,396 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $22.27, for a total transaction of $476,488.92. Following the completion of the transaction, the insider now owns 1,786 shares in the company, valued at $39,774.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Eric D. Long sold 1,786 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $22.81, for a total transaction of $40,738.66. Following the completion of the sale, the insider now directly owns 307,026 shares in the company, valued at approximately $7,003,263.06. The disclosure for this sale can be found here.

Institutional Trading of USA Compression Partners

Several large investors have recently added to or reduced their stakes in the business. UBS Group AG increased its stake in USA Compression Partners by 107.1% during the 4th quarter. UBS Group AG now owns 542,425 shares of the oil and gas company’s stock valued at $12,384,000 after buying an additional 280,491 shares during the period. Wells Fargo & Company MN raised its holdings in USA Compression Partners by 39.3% during the fourth quarter. Wells Fargo & Company MN now owns 303,469 shares of the oil and gas company’s stock worth $6,928,000 after purchasing an additional 85,692 shares in the last quarter. Tortoise Index Solutions LLC lifted its position in USA Compression Partners by 12.9% in the fourth quarter. Tortoise Index Solutions LLC now owns 77,972 shares of the oil and gas company’s stock worth $1,780,000 after purchasing an additional 8,899 shares during the period. Creekmur Asset Management LLC bought a new position in USA Compression Partners during the 4th quarter valued at $46,000. Finally, F&V Capital Management LLC acquired a new position in shares of USA Compression Partners during the 1st quarter valued at $209,000. 47.77% of the stock is currently owned by institutional investors and hedge funds.

USA Compression Partners Company Profile

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.