USA Compression Partners (NYSE:USAC) Reaches New 52-Week High – Should You Buy?

Shares of USA Compression Partners, LP (NYSE:USAC) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $30.43 and last traded at $30.2450, with a volume of 45589 shares trading hands. The stock had previously closed at $29.67.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Wall Street Zen cut USA Compression Partners from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Stifel Nicolaus upped their price target on USA Compression Partners from $27.00 to $30.00 and gave the stock a “hold” rating in a research report on Wednesday, February 18th. Zacks Research cut USA Compression Partners from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 16th. Texas Capital upgraded shares of USA Compression Partners from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 9th. Finally, Citigroup upped their price target on shares of USA Compression Partners from $26.00 to $28.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $27.00.

USA Compression Partners Trading Up 0.4%

The firm has a market cap of $4.41 billion, a P/E ratio of 31.28 and a beta of 0.22. The stock has a 50 day simple moving average of $27.77 and a 200-day simple moving average of $25.85. The company has a current ratio of 1.55, a quick ratio of 0.86 and a debt-to-equity ratio of 9.41.

USA Compression Partners (NYSE:USAC) last posted its earnings results on Tuesday, May 5th. The oil and gas company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.08). USA Compression Partners had a net margin of 11.91% and a negative return on equity of 807.33%. The firm had revenue of $331.28 million for the quarter, compared to the consensus estimate of $308.35 million. On average, equities research analysts expect that USA Compression Partners, LP will post 1.25 EPS for the current fiscal year.

USA Compression Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Monday, April 27th were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend was Monday, April 27th. USA Compression Partners’s dividend payout ratio (DPR) is presently 216.49%.

Institutional Trading of USA Compression Partners

Several hedge funds have recently made changes to their positions in USAC. D.A. Davidson & CO. grew its position in USA Compression Partners by 1.6% in the first quarter. D.A. Davidson & CO. now owns 28,790 shares of the oil and gas company’s stock worth $781,000 after acquiring an additional 447 shares in the last quarter. Royal Bank of Canada lifted its stake in shares of USA Compression Partners by 0.4% in the 4th quarter. Royal Bank of Canada now owns 127,146 shares of the oil and gas company’s stock valued at $2,924,000 after purchasing an additional 521 shares during the last quarter. Kestra Advisory Services LLC lifted its stake in shares of USA Compression Partners by 1.2% in the 1st quarter. Kestra Advisory Services LLC now owns 46,340 shares of the oil and gas company’s stock valued at $1,257,000 after purchasing an additional 540 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of USA Compression Partners by 2.4% in the 1st quarter. Cetera Investment Advisers now owns 28,636 shares of the oil and gas company’s stock worth $777,000 after purchasing an additional 674 shares during the period. Finally, Commonwealth Equity Services LLC raised its holdings in USA Compression Partners by 5.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 13,482 shares of the oil and gas company’s stock valued at $310,000 after buying an additional 724 shares during the period. 47.77% of the stock is currently owned by hedge funds and other institutional investors.

About USA Compression Partners

USA Compression Partners (NYSE: USAC) is a Houston-based master limited partnership specializing in natural gas compression services for oil and gas producers. The company offers a full suite of midstream compression solutions designed to enhance production flow and optimize field operations. Its core activities include the design, engineering, fabrication, installation, operation and maintenance of natural gas compression equipment onshore across key U.S. basins.

USA Compression’s product and service offerings encompass new equipment deployment, aftermarket parts and component sales, field service support, and instrumentation and control systems.