USA Compression Partners, LP (NYSE:USAC) Stock Has Consensus Target Price of $29.50

Shares of USA Compression Partners, LP (NYSE:USAC) have earned an average recommendation of “Hold” from the six brokerages that are presently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $29.50.

A number of equities research analysts have issued reports on USAC shares. Zacks Research raised shares of USA Compression Partners from a “strong sell” rating to a “hold” rating in a research note on Monday, August 31st. Wall Street Zen cut USA Compression Partners from a “buy” rating to a “hold” rating in a research report on Saturday, September 26th. Royal Bank Of Canada boosted their target price on USA Compression Partners from $30.00 to $31.00 and gave the company a “sector perform” rating in a research note on Tuesday, September 1st. Finally, Mizuho lifted their price target on USA Compression Partners from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Friday, June 12th.

Insiders Place Their Bets

In related news, Director Bradford Whitehurst purchased 6,000 shares of USA Compression Partners stock in a transaction on Friday, August 21st. The stock was bought at an average price of $26.10 per share, with a total value of $156,600.00. Following the completion of the transaction, the director directly owned 43,616 shares of the company’s stock, valued at approximately $1,138,377.60. This represents a 15.95% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Hedge Funds Weigh In On USA Compression Partners

Several hedge funds and other institutional investors have recently added to or reduced their stakes in USAC. MV Capital Management Inc. bought a new stake in shares of USA Compression Partners during the 4th quarter worth $86,000. First Bancorp Inc ME acquired a new position in shares of USA Compression Partners during the second quarter worth approximately $117,000. One Charles Private Wealth Services LLC bought a new stake in shares of USA Compression Partners in the first quarter valued at approximately $212,000. TSA Wealth Managment LLC acquired a new stake in shares of USA Compression Partners in the first quarter worth $236,000. Finally, Ameritas Advisory Services LLC bought a new stake in USA Compression Partners in the 2nd quarter valued at $238,000. Institutional investors and hedge funds own 47.77% of the company’s stock.

USA Compression Partners Stock Performance

USA Compression Partners stock opened at $25.52 on Thursday. The company has a debt-to-equity ratio of 10.25, a current ratio of 1.35 and a quick ratio of 0.68. The company has a market cap of $3.70 billion, a P/E ratio of 24.08 and a beta of 0.28. USA Compression Partners has a fifty-two week low of $21.85 and a fifty-two week high of $30.55. The firm’s 50 day simple moving average is $26.35 and its 200-day simple moving average is $26.97.

USA Compression Partners (NYSE:USAC) last posted its quarterly earnings results on Tuesday, August 4th. The oil and gas company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.03. USA Compression Partners had a return on equity of 179.77% and a net margin of 12.43%.The firm had revenue of $342.15 million for the quarter, compared to analyst estimates of $340.49 million. As a group, equities research analysts predict that USA Compression Partners will post 1.18 EPS for the current year.

USA Compression Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 7th. Investors of record on Monday, July 27th were issued a $0.5250 dividend. The ex-dividend date was Monday, July 27th. This represents a $2.10 dividend on an annualized basis and a yield of 8.2%. USA Compression Partners’s dividend payout ratio is currently 198.11%.

About USA Compression Partners

USA Compression Partners, LP (NYSE: USAC) is a master limited partnership that provides natural gas compression services to infrastructure operators and producers in the United States. The company owns and operates a fleet of natural gas compression units and supplies compression under long-term and short-term contracts.

Its equipment and services support several stages of the natural gas value chain, including gathering, processing, transmission, storage and production. Compression helps maintain the pressure needed to move natural gas through pipelines and other infrastructure, making the company a service provider to midstream and upstream energy businesses.

USA Compression Partners serves customers across major U.S.