Royal Bank of Canada Buys 48,978 Shares of USA Compression Partners, LP $USAC

Key Points

• Royal Bank of Canada increased its USA Compression Partners stake by 38.5% in the first quarter, adding 48,978 shares to own 176,124 shares worth approximately $4.8 million. Institutional investors collectively hold 47.77% of USAC.
• USA Compression Partners reported quarterly earnings of $0.31 per share, exceeding the $0.28 consensus estimate, while revenue of $342.15 million also topped expectations.
• The company maintains a quarterly dividend of $0.525 per share, equivalent to a 8.1% annualized yield, but its 198.11% payout ratio is elevated. Analysts hold a consensus “Hold” rating with a $29.25 price target versus the stock’s $26.07 market price.

Royal Bank of Canada raised its stake in USA Compression Partners, LP (NYSE:USAC - Free Report) by 38.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 176,124 shares of the oil and gas company's stock after acquiring an additional 48,978 shares during the period. Royal Bank of Canada owned approximately 0.12% of USA Compression Partners worth $4,776,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of USAC. Alps Advisors Inc. raised its position in shares of USA Compression Partners by 3.8% during the 4th quarter. Alps Advisors Inc. now owns 17,748,200 shares of the oil and gas company's stock valued at $408,209,000 after buying an additional 642,462 shares in the last quarter. ING Groep NV grew its position in USA Compression Partners by 45.5% in the fourth quarter. ING Groep NV now owns 312,600 shares of the oil and gas company's stock worth $7,190,000 after acquiring an additional 97,700 shares in the last quarter. TSA Wealth Managment LLC purchased a new position in USA Compression Partners in the first quarter worth about $236,000. Kestra Private Wealth Services LLC increased its stake in USA Compression Partners by 5.2% during the first quarter. Kestra Private Wealth Services LLC now owns 30,388 shares of the oil and gas company's stock worth $824,000 after acquiring an additional 1,503 shares during the last quarter. Finally, Rockefeller Capital Management L.P. increased its stake in USA Compression Partners by 0.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 234,728 shares of the oil and gas company's stock worth $5,399,000 after acquiring an additional 1,073 shares during the last quarter. Hedge funds and other institutional investors own 47.77% of the company's stock.

USA Compression Partners Stock Down 1.6%

NYSE:USAC opened at $26.07 on Friday. The stock has a fifty day simple moving average of $26.34 and a 200-day simple moving average of $27.08. The company has a current ratio of 1.55, a quick ratio of 0.86 and a debt-to-equity ratio of 9.41. The company has a market cap of $3.78 billion, a price-to-earnings ratio of 24.59 and a beta of 0.22. USA Compression Partners, LP has a twelve month low of $21.85 and a twelve month high of $30.55.

USA Compression Partners (NYSE:USAC - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The oil and gas company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.03. USA Compression Partners had a net margin of 12.43% and a return on equity of 852.23%. The firm had revenue of $342.15 million during the quarter, compared to the consensus estimate of $340.49 million. Analysts anticipate that USA Compression Partners, LP will post 1 EPS for the current year.

USA Compression Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 7th. Investors of record on Monday, July 27th were paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 8.1%. The ex-dividend date was Monday, July 27th. USA Compression Partners's payout ratio is 198.11%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on USAC shares. Mizuho increased their price target on USA Compression Partners from $28.00 to $29.00 and gave the company a "neutral" rating in a report on Friday, June 12th. Zacks Research cut shares of USA Compression Partners from a "hold" rating to a "strong sell" rating in a research report on Monday, July 6th. Citigroup increased their target price on shares of USA Compression Partners from $26.00 to $28.00 and gave the company a "neutral" rating in a research note on Wednesday, May 13th. Finally, Royal Bank Of Canada raised their target price on shares of USA Compression Partners from $29.00 to $30.00 and gave the stock a "sector perform" rating in a report on Friday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $29.25.

USA Compression Partners Company Profile

USA Compression Partners NYSE: USAC is a Houston-based master limited partnership specializing in natural gas compression services for oil and gas producers. The company offers a full suite of midstream compression solutions designed to enhance production flow and optimize field operations. Its core activities include the design, engineering, fabrication, installation, operation and maintenance of natural gas compression equipment onshore across key U.S. basins.

USA Compression's product and service offerings encompass new equipment deployment, aftermarket parts and component sales, field service support, and instrumentation and control systems.

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