JPMorgan Chase & Co. Forecasts Strong Price Appreciation for USA Compression Partners (NYSE:USAC) Stock

USA Compression Partners (NYSE:USAC) had its price target raised by JPMorgan Chase & Co. from $23.00 to $24.00 in a research report sent to investors on Tuesday morning,Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the oil and gas company’s stock.

Several other research analysts have also recently commented on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $27.00 target price on shares of USA Compression Partners in a report on Friday, November 22nd. Citigroup increased their price target on shares of USA Compression Partners from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 25th. Finally, Mizuho increased their price target on shares of USA Compression Partners from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, USA Compression Partners has a consensus rating of “Hold” and a consensus target price of $26.80.

USA Compression Partners Trading Up 0.4 %

Shares of USAC opened at $25.41 on Tuesday. USA Compression Partners has a 12 month low of $21.06 and a 12 month high of $30.10. The firm’s 50 day moving average is $26.34 and its 200-day moving average is $24.01. The stock has a market capitalization of $2.99 billion, a PE ratio of 34.80 and a beta of 1.31.

USA Compression Partners (NYSE:USAC) last announced its earnings results on Tuesday, February 11th. The oil and gas company reported $0.18 EPS 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%. Equities research analysts predict that USA Compression Partners will post 1.05 earnings per share for the current fiscal year.

USA Compression Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Monday, January 27th were paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 8.27%. The ex-dividend date was Monday, January 27th. USA Compression Partners’s dividend payout ratio is presently 287.67%.

Hedge Funds Weigh In On USA Compression Partners

A number of hedge funds have recently bought and sold shares of the company. Brown Brothers Harriman & Co. acquired a new position in shares of USA Compression Partners during the fourth quarter valued at about $95,000. Sunbelt Securities Inc. grew its holdings in shares of USA Compression Partners by 16.4% during the third quarter. Sunbelt Securities Inc. now owns 5,175 shares of the oil and gas company’s stock valued at $119,000 after buying an additional 730 shares during the last quarter. Broadway Wealth Solutions Inc. acquired a new position in shares of USA Compression Partners during the fourth quarter valued at about $201,000. TSA Wealth Managment LLC purchased a new position in USA Compression Partners during the fourth quarter worth about $205,000. Finally, SVB Wealth LLC purchased a new position in USA Compression Partners during the fourth quarter worth about $207,000. 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.