USA Compression Partners LP (NYSE:USAC) Short Interest Down 35.3% in April

USA Compression Partners LP (NYSE:USAC - Get Free Report) was the target of a large decrease in short interest in April. As of April 15th, there was short interest totalling 1,430,000 shares, a decrease of 35.3% from the March 31st total of 2,210,000 shares. Based on an average daily volume of 408,200 shares, the days-to-cover ratio is presently 3.5 days. Approximately 2.8% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on USAC shares. StockNews.com cut shares of USA Compression Partners from a "buy" rating to a "hold" rating in a research report on Thursday, January 11th. 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 report on Wednesday, February 14th. Finally, Raymond James upped their price target on shares of USA Compression Partners from $28.00 to $30.00 and gave the company an "outperform" rating in a research report on Tuesday, April 16th. 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. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $24.75.

Insider Buying and Selling

In related news, major shareholder Veteran Equity Aggregator Eig sold 5,889,297 shares of the company's stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $25.12, for a total transaction of $147,939,140.64. Following the completion of the transaction, the insider now directly owns 5,882,528 shares in the company, valued at approximately $147,769,103.36. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, major shareholder Veteran Equity Aggregator Eig sold 5,889,297 shares of the company's stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $25.12, for a total transaction of $147,939,140.64. Following the completion of the transaction, the insider now directly owns 5,882,528 shares in the company, valued at approximately $147,769,103.36. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Eric D. Long sold 43,725 shares of the company's stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $24.58, for a total transaction of $1,074,760.50. Following the transaction, the insider now owns 312,346 shares of the company's stock, valued at $7,677,464.68. The disclosure for this sale can be found here. Insiders sold a total of 6,073,877 shares of company stock worth $152,474,943 in the last three months.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. JNBA Financial Advisors bought a new position in shares of USA Compression Partners in the fourth quarter valued at $46,000. Creekmur Asset Management LLC bought a new position in shares of USA Compression Partners in the fourth quarter valued at $46,000. Tower Research Capital LLC TRC lifted its stake in shares of USA Compression Partners by 914.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,196 shares of the oil and gas company's stock valued at $73,000 after buying an additional 2,881 shares in the last quarter. Atria Wealth Solutions Inc. bought a new position in shares of USA Compression Partners in the fourth quarter valued at $207,000. Finally, F&V Capital Management LLC bought a new position in shares of USA Compression Partners in the first quarter valued at $209,000. 47.77% of the stock is owned by institutional investors.

USA Compression Partners Price Performance

Shares of USAC traded down $0.21 during trading hours on Friday, hitting $24.64. 243,914 shares of the stock were exchanged, compared to its average volume of 272,530. USA Compression Partners has a fifty-two week low of $18.48 and a fifty-two week high of $28.47. The business has a 50-day moving average of $26.07 and a 200-day moving average of $25.21. The firm has a market capitalization of $2.54 billion, a P/E ratio of 117.34 and a beta of 1.30.

USA Compression Partners (NYSE:USAC - Get Free Report) last posted its quarterly earnings data on Tuesday, February 13th. The oil and gas company reported $0.10 earnings per share for the quarter, missing the consensus estimate 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. As a group, analysts forecast that USA Compression Partners will post 0.59 earnings per share for the current fiscal year.

USA Compression Partners Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Monday, April 22nd will be paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 8.52%. The ex-dividend date is Friday, April 19th. USA Compression Partners's dividend payout ratio is presently 1,000.05%.

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.

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