USA Compression Partners (NYSE:USAC) Price Target Raised to $30.00

USA Compression Partners (NYSE:USAC - Free Report) had its price target lifted by Raymond James from $28.00 to $30.00 in a research note published on Tuesday, Benzinga reports. The firm currently has an outperform rating on the oil and gas company's stock.

Several other analysts have also recently issued reports on USAC. StockNews.com cut USA Compression Partners from a buy rating to a hold rating in a research note on Thursday, January 11th. Mizuho raised their price target on USA Compression Partners from $22.00 to $23.00 and gave the company an underperform rating in a research note on Wednesday, February 14th. One 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 MarketBeat.com, the stock has an average rating of Hold and an average target price of $24.75.

USA Compression Partners Trading Down 0.4 %

USA Compression Partners stock traded down $0.09 during mid-day trading on Tuesday, hitting $24.99. The company's stock had a trading volume of 930,724 shares, compared to its average volume of 407,090. The firm has a market capitalization of $2.57 billion, a PE ratio of 119.01 and a beta of 1.30. USA Compression Partners has a 1 year low of $18.48 and a 1 year high of $28.47. The stock's fifty day moving average is $25.91 and its two-hundred day moving average is $25.20.

USA Compression Partners (NYSE:USAC - Get Free Report) last released its quarterly earnings results on Tuesday, February 13th. The oil and gas company reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.02). USA Compression Partners had a negative return on equity of 31.81% and a net margin of 8.07%. The firm had revenue of $225.05 million for the quarter, compared to analyst estimates of $221.50 million. During the same quarter last year, the company earned ($0.04) earnings per share. On average, equities analysts expect that USA Compression Partners will post 0.57 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, May 3rd. Stockholders of record on Monday, April 22nd will be given a dividend of $0.525 per share. The ex-dividend date of this dividend is Friday, April 19th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 8.40%. USA Compression Partners's payout ratio is 1,000.05%.

Insider Buying and Selling

In other USA Compression Partners news, insider Eric D. Long sold 34,866 shares of USA Compression Partners stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $24.54, for a total value of $855,611.64. Following the completion of the sale, the insider now directly owns 469,019 shares of the company's stock, valued at approximately $11,509,726.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Eric D. Long sold 96,660 shares of the company's stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $24.59, for a total transaction of $2,376,869.40. Following the completion of the sale, the insider now directly owns 372,359 shares of the company's stock, valued at approximately $9,156,307.81. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Eric D. Long sold 34,866 shares of the business's stock in a transaction on Friday, February 16th. The stock was sold at an average price of $24.54, for a total transaction of $855,611.64. Following the completion of the transaction, the insider now owns 469,019 shares in the company, valued at approximately $11,509,726.26. The disclosure for this sale can be found here. Insiders sold 7,755,566 shares of company stock worth $194,685,337 in the last ninety days.

Institutional Investors Weigh In On USA Compression Partners

Institutional investors have recently modified their holdings of the stock. Invesco Ltd. grew its position in shares of USA Compression Partners by 0.3% during the 1st quarter. Invesco Ltd. now owns 17,488,613 shares of the oil and gas company's stock valued at $307,975,000 after buying an additional 50,981 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in USA Compression Partners by 42.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,385,189 shares of the oil and gas company's stock worth $33,051,000 after purchasing an additional 415,956 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of USA Compression Partners by 4.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 713,102 shares of the oil and gas company's stock valued at $17,015,000 after buying an additional 28,875 shares during the period. UBS Group AG boosted its stake in shares of 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. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in shares of USA Compression Partners by 1.9% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 463,298 shares of the oil and gas company's stock valued at $10,577,000 after buying an additional 8,659 shares during the period. Institutional investors and hedge funds own 47.77% of the company's stock.

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.