Insider Buying: USA Compression Partners LP (USAC) Insider Buys 40,000 Shares of Stock

USA Compression Partners LP (NYSE:USAC) insider Eric D. Long purchased 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 13th. The shares were purchased at an average cost of $13.89 per share, with a total value of $555,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

USAC traded down $0.24 during midday trading on Thursday, hitting $13.45. The company had a trading volume of 547,346 shares, compared to its average volume of 291,350. The company has a current ratio of 1.32, a quick ratio of 0.84 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $1.29 billion, a PE ratio of 84.06 and a beta of 1.20. USA Compression Partners LP has a twelve month low of $13.05 and a twelve month high of $19.33.

USA Compression Partners (NYSE:USAC) last posted its quarterly earnings data on Tuesday, November 6th. The oil and gas company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.06). The company had revenue of $168.90 million during the quarter, compared to analyst estimates of $170.93 million. USA Compression Partners had a negative net margin of 1.67% and a positive return on equity of 1.31%. The company’s revenue was up 132.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.07 EPS. On average, research analysts predict that USA Compression Partners LP will post -0.46 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 9th. Shareholders of record on Monday, October 29th were given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 15.61%. The ex-dividend date of this dividend was Friday, October 26th. This is a boost from USA Compression Partners’s previous quarterly dividend of $0.51. USA Compression Partners’s dividend payout ratio (DPR) is presently 1,312.50%.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. OppenheimerFunds Inc. increased its position in USA Compression Partners by 99.9% in the 3rd quarter. OppenheimerFunds Inc. now owns 18,031,287 shares of the oil and gas company’s stock valued at $297,696,000 after acquiring an additional 9,011,096 shares in the last quarter. Perella Weinberg Partners Capital Management LP increased its position in USA Compression Partners by 134.8% in the 2nd quarter. Perella Weinberg Partners Capital Management LP now owns 1,051,564 shares of the oil and gas company’s stock valued at $17,698,000 after acquiring an additional 603,657 shares in the last quarter. First Trust Advisors LP increased its position in USA Compression Partners by 30.4% in the 3rd quarter. First Trust Advisors LP now owns 530,605 shares of the oil and gas company’s stock valued at $8,760,000 after acquiring an additional 123,621 shares in the last quarter. Bank of America Corp DE grew its position in shares of USA Compression Partners by 122.7% during the 2nd quarter. Bank of America Corp DE now owns 463,227 shares of the oil and gas company’s stock worth $7,796,000 after buying an additional 255,201 shares during the period. Finally, Jennison Associates LLC grew its position in shares of USA Compression Partners by 4.2% during the 3rd quarter. Jennison Associates LLC now owns 384,594 shares of the oil and gas company’s stock worth $6,350,000 after buying an additional 15,656 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

USAC has been the subject of several analyst reports. ValuEngine raised shares of USA Compression Partners from a “hold” rating to a “buy” rating in a report on Wednesday, August 8th. B. Riley reissued a “buy” rating and set a $21.00 price target on shares of USA Compression Partners in a report on Friday, August 31st. Mitsubishi UFJ Financial Group assumed coverage on shares of USA Compression Partners in a research report on Wednesday, September 5th. They issued an “overweight” rating and a $22.00 price objective for the company. Wells Fargo & Co lowered their price objective on shares of USA Compression Partners from $20.00 to $19.00 and set a “market perform” rating for the company in a research report on Thursday, September 13th. Finally, Zacks Investment Research cut shares of USA Compression Partners from a “buy” rating to a “hold” rating in a research report on Tuesday, September 18th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $20.57.

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USA Compression Partners Company Profile

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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