USA Compression Partners’ (USAC) “Sector Perform” Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada reissued their sector perform rating on shares of USA Compression Partners (NYSE:USAC) in a research note published on Friday,Benzinga reports. The brokerage currently has a $27.00 target price on the oil and gas company’s stock.

Other equities research analysts have also recently issued research reports about the company. Citigroup initiated coverage on USA Compression Partners in a research note on Friday, September 27th. They set a “neutral” rating and a $23.00 price target for the company. Mizuho cut their price objective on shares of USA Compression Partners from $25.00 to $24.00 and set a “neutral” rating for the company in a research report on Wednesday, October 2nd. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, USA Compression Partners has an average rating of “Hold” and a consensus price target of $26.00.

USA Compression Partners Stock Down 0.5 %

NYSE:USAC opened at $23.72 on Friday. The stock has a market capitalization of $2.78 billion, a price-to-earnings ratio of 41.61 and a beta of 1.32. USA Compression Partners has a 52 week low of $21.06 and a 52 week high of $28.47. The stock’s fifty day moving average is $22.73 and its two-hundred day moving average is $23.09.

USA Compression Partners (NYSE:USAC) last released its quarterly earnings data on Tuesday, November 5th. The oil and gas company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.07). USA Compression Partners had a negative return on equity of 47.53% and a net margin of 9.36%. The firm had revenue of $239.97 million for the quarter, compared to analysts’ expectations of $238.37 million. During the same period last year, the firm posted $0.09 earnings per share. On average, sell-side analysts expect that USA Compression Partners will post 0.81 EPS for the current fiscal year.

USA Compression Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Monday, October 21st were given a dividend of $0.525 per share. The ex-dividend date was Monday, October 21st. This represents a $2.10 dividend on an annualized basis and a dividend yield of 8.85%. USA Compression Partners’s dividend payout ratio (DPR) is presently 368.43%.

Institutional Investors Weigh In On USA Compression Partners

A number of institutional investors have recently modified their holdings of the stock. Energy Income Partners LLC boosted its stake in USA Compression Partners by 7.8% during the first quarter. Energy Income Partners LLC now owns 478,431 shares of the oil and gas company’s stock worth $12,760,000 after buying an additional 34,817 shares in the last quarter. SVB Wealth LLC bought a new position in USA Compression Partners during the first quarter worth about $297,000. Perkins Coie Trust Co acquired a new stake in USA Compression Partners during the second quarter valued at approximately $263,000. Objectivity Squared LLC grew its stake in shares of USA Compression Partners by 2.1% in the 2nd quarter. Objectivity Squared LLC now owns 202,199 shares of the oil and gas company’s stock valued at $4,986,000 after purchasing an additional 4,228 shares during the period. Finally, CFM Wealth Partners LLC grew its position in USA Compression Partners by 12.1% in the second quarter. CFM Wealth Partners LLC now owns 75,796 shares of the oil and gas company’s stock valued at $1,799,000 after acquiring an additional 8,203 shares during the period. Institutional investors and hedge funds 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.