USA Compression Partners (NYSE:USAC) Given New $26.00 Price Target at Mizuho

USA Compression Partners (NYSE:USAC) had its price objective boosted by Mizuho from $24.00 to $26.00 in a research report released on Monday,Benzinga reports. Mizuho currently has a neutral rating on the oil and gas company’s stock.

Separately, Royal Bank of Canada reissued a “sector perform” rating and issued a $27.00 target price on shares of USA Compression Partners in a research note on Friday, November 22nd. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, USA Compression Partners presently has an average rating of “Hold” and a consensus target price of $26.50.

USA Compression Partners Trading Up 1.0 %

Shares of USAC opened at $28.31 on Monday. USA Compression Partners has a twelve month low of $21.06 and a twelve month high of $28.50. The company has a market cap of $3.31 billion, a P/E ratio of 49.67 and a beta of 1.34. The company’s fifty day simple moving average is $24.12 and its 200-day simple moving average is $23.10.

USA Compression Partners (NYSE:USAC) last announced its earnings results on Tuesday, November 5th. The oil and gas company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.07). USA Compression Partners had a net margin of 9.36% and a negative return on equity of 47.53%. The firm had revenue of $239.97 million during the quarter, compared to analysts’ expectations of $238.37 million. During the same period in the prior year, the company posted $0.09 EPS. Analysts predict that USA Compression Partners will post 0.8 earnings per share for the current fiscal year.

USA Compression Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Monday, January 27th will be paid a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 7.42%. The ex-dividend date is Monday, January 27th. USA Compression Partners’s dividend payout ratio is presently 368.43%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Allworth Financial LP increased its stake in USA Compression Partners by 3,054.8% in the 3rd quarter. Allworth Financial LP now owns 1,325 shares of the oil and gas company’s stock worth $30,000 after buying an additional 1,283 shares during the period. Sunbelt Securities Inc. increased its stake in USA Compression Partners by 16.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 5,175 shares of the oil and gas company’s stock worth $119,000 after buying an additional 730 shares during the period. Sanctuary Advisors LLC bought a new position in USA Compression Partners during the 2nd quarter worth about $204,000. SVB Wealth LLC bought a new position in USA Compression Partners during the 4th quarter worth about $207,000. Finally, Stifel Financial Corp bought a new position in USA Compression Partners during the 3rd quarter worth about $210,000. Hedge funds and other institutional investors own 47.77% of the company’s stock.

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.