USA Compression Partners (NYSE:USAC) Price Target Raised to $26.00

USA Compression Partners (NYSE:USAC) had its target price lifted by Mizuho from $24.00 to $26.00 in a report issued on Monday morning,Benzinga reports. The brokerage currently has a neutral rating on the oil and gas company’s stock.

Separately, Royal Bank of Canada reissued a “sector perform” rating and set a $27.00 price target on shares of USA Compression Partners in a research report on Friday, November 22nd. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $26.50.

USA Compression Partners Stock Performance

Shares of NYSE USAC opened at $27.50 on Monday. The stock has a 50 day moving average price of $23.96 and a 200 day moving average price of $23.05. USA Compression Partners has a 52 week low of $21.06 and a 52 week high of $28.47. The stock has a market capitalization of $3.22 billion, a PE ratio of 48.25 and a beta of 1.34.

USA Compression Partners (NYSE:USAC) last issued its quarterly earnings results on Tuesday, November 5th. The oil and gas company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.07). USA Compression Partners had a net margin of 9.36% and a negative return on equity of 47.53%. The company had revenue of $239.97 million for the quarter, compared to analyst estimates of $238.37 million. During the same period last year, the company posted $0.09 earnings per share. As a group, research analysts forecast that USA Compression Partners will post 0.8 EPS for the current year.

USA Compression Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Monday, January 27th will be paid a $0.525 dividend. The ex-dividend date of this dividend is Monday, January 27th. This represents a $2.10 annualized dividend and a yield of 7.64%. USA Compression Partners’s dividend payout ratio is 368.43%.

Hedge Funds Weigh In On USA Compression Partners

Large investors have recently made changes to their positions in the company. D.A. Davidson & CO. increased its stake in USA Compression Partners by 61.1% during the 4th quarter. D.A. Davidson & CO. now owns 19,628 shares of the oil and gas company’s stock worth $462,000 after acquiring an additional 7,442 shares during the period. Truist Financial Corp acquired a new stake in shares of USA Compression Partners in the 4th quarter valued at $2,428,000. Strategic Financial Concepts LLC acquired a new stake in shares of USA Compression Partners in the 4th quarter valued at $333,000. Hodges Capital Management Inc. boosted its holdings in shares of USA Compression Partners by 7.5% in the 4th quarter. Hodges Capital Management Inc. now owns 26,121 shares of the oil and gas company’s stock valued at $615,000 after purchasing an additional 1,815 shares in the last quarter. Finally, Chicago Partners Investment Group LLC boosted its holdings in shares of USA Compression Partners by 1.6% in the 4th quarter. Chicago Partners Investment Group LLC now owns 77,002 shares of the oil and gas company’s stock valued at $1,831,000 after purchasing an additional 1,232 shares in the last quarter. 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.