USA Compression Partners (NYSE:USAC) Given New $27.00 Price Target at Royal Bank of Canada

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

A number of other analysts also recently weighed in on USAC. StockNews.com downgraded USA Compression Partners from a “buy” rating to a “hold” rating in a report on Thursday, July 11th. Mizuho decreased their price target on USA Compression Partners from $25.00 to $24.00 and set a “neutral” rating for the company in a report on Wednesday, October 2nd. Finally, Citigroup initiated coverage on USA Compression Partners in a report on Friday, September 27th. They set a “neutral” rating and a $23.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $25.60.

USA Compression Partners Stock Up 0.0 %

NYSE USAC opened at $22.76 on Wednesday. The company has a market capitalization of $2.66 billion, a price-to-earnings ratio of 42.94 and a beta of 1.32. USA Compression Partners has a twelve month low of $21.06 and a twelve month high of $28.47. The stock has a fifty day simple moving average of $22.44 and a 200 day simple moving average of $23.62.

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

USA Compression Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Monday, October 21st will be given a dividend of $0.525 per share. The ex-dividend date of this dividend is Monday, October 21st. This represents a $2.10 dividend on an annualized basis and a dividend yield of 9.23%. USA Compression Partners’s dividend payout ratio (DPR) is presently 396.23%.

Insider Transactions at USA Compression Partners

In other 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 transaction, the insider now owns 307,026 shares of the company’s stock, valued at $7,003,263.06. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Eric D. Long sold 1,786 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $22.81, for a total value of $40,738.66. Following the transaction, the insider now owns 307,026 shares of the company’s stock, valued at approximately $7,003,263.06. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Eric D. Long sold 21,396 shares of the firm’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 directly owns 1,786 shares in the company, valued at approximately $39,774.22. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here.

Hedge Funds Weigh In On USA Compression Partners

Several large investors have recently added to or reduced their stakes in USAC. F&V Capital Management LLC bought a new position in USA Compression Partners in 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 worth approximately $2,814,000. Jennison Associates LLC bought a new position in shares of USA Compression Partners during the 1st quarter worth approximately $4,775,000. Susquehanna Fundamental Investments LLC bought a new position in shares of USA Compression Partners during the 1st quarter worth approximately $1,107,000. Finally, TSA Wealth Managment LLC bought a new position in shares of USA Compression Partners during the 1st quarter worth approximately $232,000. 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.