USA Compression Partners (NYSE:USAC) Price Target Raised to $27.00 at Citigroup

USA Compression Partners (NYSE:USAC) had its price target upped by Citigroup from $24.00 to $27.00 in a research note published on Tuesday,Benzinga reports. They currently have a neutral rating on the oil and gas company’s stock.

Several other research analysts have also weighed in on USAC. Mizuho lifted their price objective on USA Compression Partners from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $27.00 target price on shares of USA Compression Partners in a research note on Friday, November 22nd. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $27.50.

USA Compression Partners Stock Performance

USA Compression Partners stock opened at $27.29 on Tuesday. The firm has a market cap of $3.21 billion, a price-to-earnings ratio of 37.38 and a beta of 1.34. USA Compression Partners has a 52-week low of $21.06 and a 52-week high of $30.10. The firm has a 50 day moving average price of $25.61 and a two-hundred day moving average price of $23.70.

USA Compression Partners (NYSE:USAC) last posted its quarterly earnings data on Tuesday, February 11th. The oil and gas company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.06). USA Compression Partners had a negative return on equity of 62.46% and a net margin of 10.48%. As a group, equities research analysts predict that USA Compression Partners will post 1.05 EPS for the current fiscal year.

USA Compression Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Monday, January 27th were issued a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, January 27th. This represents a $2.10 annualized dividend and a dividend yield of 7.69%. USA Compression Partners’s dividend payout ratio is currently 287.67%.

Institutional Trading of USA Compression Partners

Several large investors have recently made changes to their positions in USAC. Cetera Investment Advisers raised its stake in USA Compression Partners by 12.8% during the 4th quarter. Cetera Investment Advisers now owns 31,911 shares of the oil and gas company’s stock worth $752,000 after buying an additional 3,621 shares during the period. Jane Street Group LLC raised its position in shares of USA Compression Partners by 236.0% during the fourth quarter. Jane Street Group LLC now owns 130,270 shares of the oil and gas company’s stock worth $3,069,000 after purchasing an additional 91,499 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in shares of USA Compression Partners during the fourth quarter worth approximately $919,000. Stifel Financial Corp lifted its holdings in shares of USA Compression Partners by 20.8% in the 4th quarter. Stifel Financial Corp now owns 11,080 shares of the oil and gas company’s stock worth $261,000 after purchasing an additional 1,905 shares in the last quarter. Finally, Tradition Wealth Management LLC acquired a new stake in USA Compression Partners in the 4th quarter valued at $207,000. 47.77% of the stock is currently owned by institutional investors and hedge funds.

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.