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

Royal Bank of Canada reiterated their sector perform rating on shares of USA Compression Partners (NYSE:USAC) in a report released on Thursday, Benzinga reports. Royal Bank of Canada currently has a $26.00 price objective on the oil and gas company’s stock.

USAC has been the topic of several other research reports. StockNews.com downgraded USA Compression Partners from a buy rating to a hold rating in a report on Thursday, July 11th. Mizuho raised USA Compression Partners from an underperform rating to a neutral rating and lifted their price target for the company from $23.00 to $26.00 in a research note on Thursday, May 30th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of Hold and a consensus price target of $26.50.

USA Compression Partners Trading Down 0.0 %

Shares of NYSE USAC opened at $22.51 on Thursday. The company has a market cap of $2.63 billion, a price-to-earnings ratio of 54.90 and a beta of 1.32. USA Compression Partners has a 12 month low of $21.06 and a 12 month high of $28.47. The stock has a 50-day moving average price of $22.63 and a two-hundred day moving average price of $24.26.

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

USA Compression Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 2nd. Investors of record on Monday, July 22nd were paid a $0.525 dividend. The ex-dividend date of this dividend was Monday, July 22nd. This represents a $2.10 annualized dividend and a dividend yield of 9.33%. USA Compression Partners’s dividend payout ratio is 512.20%.

Insider Activity at USA Compression Partners

In other USA Compression Partners news, insider Eric D. Long sold 21,396 shares of USA Compression Partners stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $22.27, for a total transaction of $476,488.92. Following the transaction, the insider now directly owns 1,786 shares of the company’s stock, valued at approximately $39,774.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other USA Compression Partners news, insider Eric D. Long sold 21,396 shares of the firm’s stock in a transaction that occurred on 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 owns 1,786 shares in the company, valued at approximately $39,774.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Eric D. Long sold 1,786 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $22.81, for a total transaction of $40,738.66. Following the completion of the sale, the insider now directly owns 307,026 shares in the company, valued at $7,003,263.06. The disclosure for this sale can be found here.

Institutional Trading of USA Compression Partners

A number of institutional investors have recently bought and sold shares of the company. Sunbelt Securities Inc. lifted its stake in shares of USA Compression Partners by 12.2% in the 2nd quarter. Sunbelt Securities Inc. now owns 4,445 shares of the oil and gas company’s stock valued at $105,000 after purchasing an additional 485 shares during the period. Creekmur Asset Management LLC bought a new position in shares of USA Compression Partners during the 4th quarter worth approximately $46,000. Objectivity Squared LLC grew its position in shares of USA Compression Partners by 2.1% during the 2nd quarter. Objectivity Squared LLC now owns 202,199 shares of the oil and gas company’s stock worth $4,986,000 after buying an additional 4,228 shares during the period. F&V Capital Management LLC bought a new stake in shares of USA Compression Partners in the 1st quarter valued at $209,000. Finally, CFM Wealth Partners LLC increased its stake in shares of USA Compression Partners by 12.1% in the 2nd quarter. CFM Wealth Partners LLC now owns 75,796 shares of the oil and gas company’s stock valued at $1,799,000 after acquiring an additional 8,203 shares in the last quarter. Institutional investors 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.