USA Compression Partners LP (NYSE:USAC) Director Bradford D. Whitehurst Acquires 10,000 Shares

USA Compression Partners LP (NYSE:USAC) Director Bradford D. Whitehurst acquired 10,000 shares of the company’s stock in a transaction dated Thursday, May 8th. The shares were bought at an average cost of $23.50 per share, for a total transaction of $235,000.00. Following the completion of the acquisition, the director now directly owns 23,616 shares of the company’s stock, valued at approximately $554,976. The trade was a 73.44 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

USA Compression Partners Price Performance

Shares of NYSE USAC opened at $23.29 on Friday. The business has a 50-day moving average of $25.26 and a 200-day moving average of $24.77. The company has a market capitalization of $2.74 billion, a price-to-earnings ratio of 31.90 and a beta of 0.53. USA Compression Partners LP has a 1-year low of $21.06 and a 1-year high of $30.10.

USA Compression Partners (NYSE:USAC) last issued its earnings results on Tuesday, May 6th. The oil and gas company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.04). USA Compression Partners had a negative return on equity of 62.46% and a net margin of 10.48%. The business had revenue of $245.23 million during the quarter, compared to the consensus estimate of $244.79 million. Research analysts expect that USA Compression Partners LP will post 1.05 EPS for the current fiscal year.

USA Compression Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Monday, April 28th will be paid a dividend of $0.525 per share. The ex-dividend date of this dividend is Monday, April 28th. This is a positive change from USA Compression Partners’s previous quarterly dividend of $0.51. This represents a $2.10 annualized dividend and a dividend yield of 9.02%. USA Compression Partners’s dividend payout ratio (DPR) is currently 287.67%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on USAC shares. Mizuho boosted their target price on shares of USA Compression Partners from $24.00 to $26.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Citigroup lifted their price target on shares of USA Compression Partners from $24.00 to $27.00 and gave the company a “neutral” rating in a research report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. lifted their target price on shares of USA Compression Partners from $23.00 to $24.00 and gave the company an “underweight” rating in a report on Tuesday, March 11th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $26.00.

Hedge Funds Weigh In On USA Compression Partners

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC acquired a new stake in shares of USA Compression Partners during the 4th quarter valued at about $333,000. Raymond James Financial Inc. acquired a new stake in shares of USA Compression Partners during the 4th quarter worth approximately $13,905,000. Truist Financial Corp acquired a new position in shares of USA Compression Partners in the 4th quarter valued at $2,428,000. Bravias Capital Group LLC bought a new stake in shares of USA Compression Partners in the 4th quarter valued at approximately $230,000. Finally, Mallini Complete Financial Planning LLC acquired a new position in shares of USA Compression Partners in the 4th quarter worth approximately $2,176,000. Institutional investors and hedge funds 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.