USA Compression Partners (NYSE:USAC) Earns “Sector Perform” Rating from Royal Bank of Canada

Royal Bank of Canada reissued their sector perform rating on shares of USA Compression Partners (NYSE:USAC) in a report published on Friday morning,Benzinga reports. They currently have a $27.00 price objective on the oil and gas company’s stock.

Several other brokerages have also commented on USAC. Mizuho decreased their price objective 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. Citigroup began coverage on shares of USA Compression Partners in a report on Friday, September 27th. They set a “neutral” rating and a $23.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $26.00.

USA Compression Partners Trading Down 0.1 %

Shares of NYSE USAC opened at $23.70 on Friday. USA Compression Partners has a 12-month low of $21.06 and a 12-month high of $28.47. The stock’s fifty day simple moving average is $22.74 and its two-hundred day simple moving average is $23.06. The stock has a market capitalization of $2.77 billion, a PE ratio of 41.58 and a beta of 1.32.

USA Compression Partners (NYSE:USAC) last announced its earnings results on Tuesday, November 5th. The oil and gas company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.07). USA Compression Partners had a negative return on equity of 47.53% and a net margin of 9.36%. The firm had revenue of $239.97 million during the quarter, compared to the consensus estimate of $238.37 million. During the same quarter in the prior year, the firm posted $0.09 earnings per share. On average, equities analysts predict that USA Compression Partners will post 0.81 earnings per share for the current fiscal year.

USA Compression Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Monday, October 21st were issued a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, October 21st. This represents a $2.10 dividend on an annualized basis and a dividend yield of 8.86%. USA Compression Partners’s dividend payout ratio is currently 368.43%.

Institutional Trading of USA Compression Partners

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. boosted its position in USA Compression Partners by 12.7% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 533,424 shares of the oil and gas company’s stock valued at $12,658,000 after buying an additional 60,010 shares during the period. Custom Index Systems LLC purchased a new position in shares of USA Compression Partners in the 2nd quarter valued at about $1,329,000. Cambridge Investment Research Advisors Inc. grew its position in shares of USA Compression Partners by 252.1% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 44,596 shares of the oil and gas company’s stock worth $1,058,000 after buying an additional 31,930 shares in the last quarter. GraniteShares Advisors LLC raised its holdings in USA Compression Partners by 14.3% in the second quarter. GraniteShares Advisors LLC now owns 81,336 shares of the oil and gas company’s stock valued at $1,930,000 after acquiring an additional 10,146 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in USA Compression Partners in the second quarter valued at $204,000. Hedge funds and other 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.