USA Compression Partners LP (NYSE:USAC – Get Free Report) insider Eric D. Long sold 43,725 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $24.58, for a total value of $1,074,760.50. Following the transaction, the insider now directly owns 312,346 shares in the company, valued at approximately $7,677,464.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
USA Compression Partners Stock Up 0.4 %
USAC opened at $25.06 on Friday. The business has a fifty day moving average of $24.54 and a 200 day moving average of $24.01. USA Compression Partners LP has a 52-week low of $18.48 and a 52-week high of $26.93. The stock has a market cap of $2.58 billion, a P/E ratio of 119.34 and a beta of 1.31.
USA Compression Partners (NYSE:USAC – Get Free Report) last issued its earnings results on Tuesday, February 13th. The oil and gas company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.02). USA Compression Partners had a negative return on equity of 31.81% and a net margin of 8.07%. The firm had revenue of $225.05 million during the quarter, compared to analysts’ expectations of $221.50 million. During the same quarter in the prior year, the company posted ($0.04) earnings per share. Equities analysts anticipate that USA Compression Partners LP will post 0.58 EPS for the current fiscal year.
USA Compression Partners Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, February 2nd. Shareholders of record on Monday, January 22nd were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 8.38%. This is a boost from USA Compression Partners’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Friday, January 19th. USA Compression Partners’s dividend payout ratio is currently 1,000.05%.
Analysts Set New Price Targets
A number of research firms recently issued reports on USAC. StockNews.com cut USA Compression Partners from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. Mizuho boosted their price objective on USA Compression Partners from $22.00 to $23.00 and gave the company an “underperform” rating in a report on Wednesday, February 14th. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $22.25.
Check Out Our Latest Analysis on USA Compression Partners
Institutional Investors Weigh In On USA Compression Partners
Hedge funds have recently made changes to their positions in the company. Barclays PLC lifted its holdings in shares of USA Compression Partners by 3,008.6% in the 3rd quarter. Barclays PLC now owns 72,618 shares of the oil and gas company’s stock worth $1,733,000 after buying an additional 70,282 shares during the period. J.P. Morgan Private Wealth Advisors LLC lifted its holdings in shares of USA Compression Partners by 6.7% in the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 224,114 shares of the oil and gas company’s stock worth $5,347,000 after buying an additional 14,000 shares during the period. AE Wealth Management LLC lifted its stake in shares of USA Compression Partners by 23.6% during the 3rd quarter. AE Wealth Management LLC now owns 42,132 shares of the oil and gas company’s stock worth $1,005,000 after purchasing an additional 8,047 shares during the last quarter. Mirabella Financial Services LLP purchased a new stake in shares of USA Compression Partners during the 3rd quarter worth $723,000. Finally, American Financial Group Inc. lifted its stake in shares of USA Compression Partners by 9.3% during the 3rd quarter. American Financial Group Inc. now owns 35,150 shares of the oil and gas company’s stock worth $839,000 after purchasing an additional 3,000 shares during the last quarter. 23.51% of the stock is currently 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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