USA Compression Partners (NYSE:USAC) Hits New 12-Month High – Here’s What Happened

USA Compression Partners LP (NYSE:USAC) shares hit a new 52-week high on Tuesday . The company traded as high as $30.10 and last traded at $29.30, with a volume of 1727233 shares trading hands. The stock had previously closed at $28.79.

Wall Street Analyst Weigh In

Several brokerages have issued reports on USAC. Mizuho lifted their target price on shares of USA Compression Partners from $24.00 to $26.00 and gave the company 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 price objective on shares of USA Compression Partners in a report on Friday, November 22nd. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, USA Compression Partners has a consensus rating of “Hold” and a consensus target price of $26.50.

USA Compression Partners Stock Performance

The company has a market cap of $3.16 billion, a P/E ratio of 47.35 and a beta of 1.34. The stock has a 50-day moving average of $24.59 and a two-hundred day moving average of $23.29.

USA Compression Partners (NYSE:USAC) last announced its quarterly earnings data on Tuesday, February 11th. The oil and gas company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.06). USA Compression Partners had a negative return on equity of 47.53% and a net margin of 9.36%. As a group, sell-side analysts forecast that USA Compression Partners LP will post 0.8 EPS for the current fiscal year.

USA Compression Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Monday, January 27th were given a dividend of $0.525 per share. The ex-dividend date was Monday, January 27th. This represents a $2.10 annualized dividend and a yield of 7.78%. USA Compression Partners’s payout ratio is 368.43%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Sanctuary Advisors LLC boosted its holdings in USA Compression Partners by 9.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 9,052 shares of the oil and gas company’s stock valued at $215,000 after acquiring an additional 766 shares during the period. Stifel Financial Corp purchased a new stake in shares of USA Compression Partners during the third quarter valued at approximately $210,000. Infrastructure Capital Advisors LLC boosted its stake in shares of USA Compression Partners by 14.9% during the third quarter. Infrastructure Capital Advisors LLC now owns 196,206 shares of the oil and gas company’s stock valued at $4,497,000 after purchasing an additional 25,439 shares during the period. Spring Capital Management LLC bought a new position in shares of USA Compression Partners in the fourth quarter worth approximately $283,000. Finally, Hodges Capital Management Inc. increased its stake in shares of USA Compression Partners by 9.0% in the third quarter. Hodges Capital Management Inc. now owns 24,306 shares of the oil and gas company’s stock worth $557,000 after buying an additional 2,000 shares during the period. 47.77% of the stock is owned by institutional investors.

USA Compression Partners Company Profile

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.