USA Compression Partners (NYSE:USAC) Shares Down 4.4% – Here’s Why

USA Compression Partners, LP (NYSE:USAC) was down 4.4% during mid-day trading on Friday . The stock traded as low as $26.86 and last traded at $27.0390. Approximately 79,616 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 207,392 shares. The stock had previously closed at $28.29.

Analyst Ratings Changes

Several analysts have issued reports on USAC shares. Mizuho increased their target price on shares of USA Compression Partners from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Friday. 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. Royal Bank Of Canada increased their target price on shares of USA Compression Partners from $29.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Friday, June 5th. Stifel Nicolaus increased their target price on shares of USA Compression Partners from $27.00 to $30.00 and gave the stock a “hold” rating in a research note on Wednesday, February 18th. Finally, Wall Street Zen cut shares of USA Compression Partners from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. One analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $28.40.

USA Compression Partners Stock Down 7.0%

The stock’s fifty day moving average price is $27.95 and its 200 day moving average price is $26.47. The stock has a market cap of $3.81 billion, a P/E ratio of 27.04 and a beta of 0.21. 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 issued its quarterly 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). The company had revenue of $331.28 million during the quarter, compared to the consensus estimate of $308.35 million. USA Compression Partners had a negative return on equity of 807.33% and a net margin of 11.91%. As a group, research analysts forecast that USA Compression Partners, LP will post 1.21 earnings per share for the current fiscal year.

USA Compression Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Monday, April 27th were issued a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, April 27th. This represents a $2.10 annualized dividend and a dividend yield of 8.0%. USA Compression Partners’s dividend payout ratio (DPR) is currently 216.49%.

Hedge Funds Weigh In On USA Compression Partners

Several institutional investors and hedge funds have recently made changes to their positions in the business. Alps Advisors Inc. grew its holdings in shares of USA Compression Partners by 3.8% during the 4th quarter. Alps Advisors Inc. now owns 17,748,200 shares of the oil and gas company’s stock valued at $408,209,000 after purchasing an additional 642,462 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of USA Compression Partners by 29.8% during the 4th quarter. JPMorgan Chase & Co. now owns 4,599,073 shares of the oil and gas company’s stock valued at $105,779,000 after purchasing an additional 1,056,548 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of USA Compression Partners by 9.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,344,670 shares of the oil and gas company’s stock valued at $76,927,000 after purchasing an additional 302,491 shares during the last quarter. Morgan Stanley grew its holdings in shares of USA Compression Partners by 123.5% during the 4th quarter. Morgan Stanley now owns 2,712,603 shares of the oil and gas company’s stock valued at $62,390,000 after purchasing an additional 1,498,928 shares during the last quarter. Finally, Raymond James Financial Inc. grew its holdings in shares of USA Compression Partners by 2.5% during the 3rd quarter. Raymond James Financial Inc. now owns 562,735 shares of the oil and gas company’s stock valued at $13,506,000 after purchasing an additional 13,992 shares during the last quarter. Institutional investors own 47.77% of the company’s stock.

USA Compression Partners Company Profile

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.