USA Compression Partners (NYSE:USAC) Price Target Raised to $24.00 at JPMorgan Chase & Co.

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

Other analysts have also recently issued research reports about the stock. 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. Citigroup upped their target price on shares of USA Compression Partners from $24.00 to $27.00 and gave the company a “neutral” rating in a research note on Tuesday, February 25th. Finally, Mizuho upped 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 note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $26.80.

USA Compression Partners Stock Performance

Shares of USAC opened at $25.18 on Tuesday. The firm has a market capitalization of $2.96 billion, a P/E ratio of 34.49 and a beta of 1.31. The company has a 50-day simple moving average of $26.27 and a 200-day simple moving average of $23.99. USA Compression Partners has a 52 week low of $21.06 and a 52 week high of $30.10.

USA Compression Partners (NYSE:USAC) last posted its earnings results 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 net margin of 10.48% and a negative return on equity of 62.46%. As a group, equities analysts forecast that USA Compression Partners will post 1.05 earnings per share for the current year.

USA Compression Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Monday, January 27th were paid 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 8.34%. USA Compression Partners’s dividend payout ratio is 287.67%.

Institutional Trading of USA Compression Partners

Large investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in USA Compression Partners in the fourth quarter valued at approximately $13,905,000. Invesco Ltd. lifted its holdings in USA Compression Partners by 0.9% in the fourth quarter. Invesco Ltd. now owns 12,274,451 shares of the oil and gas company’s stock valued at $289,186,000 after buying an additional 107,058 shares during the period. Truist Financial Corp acquired a new position in USA Compression Partners in the fourth quarter valued at approximately $2,428,000. Mallini Complete Financial Planning LLC acquired a new position in USA Compression Partners in the fourth quarter valued at approximately $2,176,000. Finally, Jane Street Group LLC lifted its holdings in USA Compression Partners by 236.0% in the fourth quarter. Jane Street Group LLC now owns 130,270 shares of the oil and gas company’s stock valued at $3,069,000 after buying an additional 91,499 shares during the period. 47.77% of the stock is owned by institutional investors.

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.