USA Compression Partners LP (NYSE:USAC) Given Average Recommendation of “Reduce” by Brokerages
USA Compression Partners LP (NYSE:USAC – Get Free Report) has been given an average rating of “Reduce” by the three ratings firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation and two have issued a hold recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $21.25.
Several equities analysts recently issued reports on USAC shares. TheStreet raised USA Compression Partners from a “c+” rating to a “b-” rating in a research report on Thursday. 51job reaffirmed a “maintains” rating on shares of USA Compression Partners in a research report on Wednesday, May 3rd. StockNews.com initiated coverage on USA Compression Partners in a research report on Thursday. They set a “buy” rating on the stock. Finally, Royal Bank of Canada increased their price target on USA Compression Partners from $21.00 to $22.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 3rd.
View Our Latest Stock Analysis on USAC
USA Compression Partners Stock Performance
Shares of NYSE USAC traded up $0.42 during mid-day trading on Friday, hitting $20.78. The stock had a trading volume of 117,912 shares, compared to its average volume of 160,461. The company has a 50 day moving average of $20.01 and a two-hundred day moving average of $20.30. USA Compression Partners has a twelve month low of $15.87 and a twelve month high of $21.95. The firm has a market cap of $2.04 billion, a PE ratio of 692.67 and a beta of 1.53.
USA Compression Partners Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, August 4th. Stockholders of record on Monday, July 24th were paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 10.11%. The ex-dividend date was Friday, July 21st. USA Compression Partners’s payout ratio is currently 7,000.00%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Tortoise Index Solutions LLC lifted its stake in USA Compression Partners by 29.6% in the 4th quarter. Tortoise Index Solutions LLC now owns 61,971 shares of the oil and gas company’s stock valued at $1,210,000 after buying an additional 14,144 shares in the last quarter. Dividend Assets Capital LLC raised its holdings in USA Compression Partners by 30.2% in the 4th quarter. Dividend Assets Capital LLC now owns 68,434 shares of the oil and gas company’s stock valued at $1,132,000 after acquiring an additional 15,871 shares during the last quarter. SVB Wealth LLC raised its holdings in USA Compression Partners by 7.8% in the 4th quarter. SVB Wealth LLC now owns 16,679 shares of the oil and gas company’s stock valued at $326,000 after acquiring an additional 1,210 shares during the last quarter. Cavalier Investments LLC raised its holdings in USA Compression Partners by 15.2% in the 1st quarter. Cavalier Investments LLC now owns 26,456 shares of the oil and gas company’s stock valued at $559,000 after acquiring an additional 3,486 shares during the last quarter. Finally, Energy Income Partners LLC raised its holdings in USA Compression Partners by 5.1% in the 4th quarter. Energy Income Partners LLC now owns 463,516 shares of the oil and gas company’s stock valued at $9,052,000 after acquiring an additional 22,554 shares during the last quarter. 23.02% of the stock is owned by hedge funds and other 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.
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