Zacks Investment Research upgraded shares of USA Compression Partners (NYSE:USAC) from a hold rating to a buy rating in a research report sent to investors on Wednesday morning, Zacks.com reports. Zacks Investment Research currently has $20.00 price objective on the oil and gas company’s stock.
According to Zacks, “USA Compression Partners, LP is engaged in providing compression services primarily in the United States. It designs, engineers, operates and maintains natural gas compressor packages. The Company’s customer base is comprised of producers, processors, gatherers and transporters of natural gas. It generally provides its compression services primarily under long-term, fixed fee contracts. USA Compression Partners, LP is headquartered in Austin, Texas. “
A number of other research firms have also weighed in on USAC. Stifel Nicolaus assumed coverage on USA Compression Partners in a research note on Thursday, April 4th. They issued a buy rating and a $18.00 target price on the stock. B. Riley set a $22.00 target price on USA Compression Partners and gave the stock a buy rating in a research note on Wednesday, February 20th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $20.17.
USA Compression Partners (NYSE:USAC) last released its earnings results on Tuesday, May 7th. The oil and gas company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). USA Compression Partners had a return on equity of 1.38% and a net margin of 2.86%. The business had revenue of $170.70 million during the quarter, compared to analysts’ expectations of $171.61 million. During the same quarter in the previous year, the business earned ($0.23) EPS. The business’s revenue for the quarter was up 119.7% on a year-over-year basis.
The company also recently declared a quarterly dividend, which was paid on Friday, May 10th. Stockholders of record on Monday, April 29th were paid a dividend of $0.525 per share. The ex-dividend date of this dividend was Friday, April 26th. This represents a $2.10 annualized dividend and a dividend yield of 11.79%. This is a positive change from USA Compression Partners’s previous quarterly dividend of $0.51. USA Compression Partners’s dividend payout ratio (DPR) is currently -488.37%.
Institutional investors have recently made changes to their positions in the company. Intrinsic Edge Capital Management LLC purchased a new position in shares of USA Compression Partners during the fourth quarter valued at $1,188,000. Albert D Mason Inc. increased its stake in shares of USA Compression Partners by 4.9% during the first quarter. Albert D Mason Inc. now owns 32,416 shares of the oil and gas company’s stock valued at $506,000 after buying an additional 1,525 shares during the period. Dividend Assets Capital LLC increased its stake in shares of USA Compression Partners by 9.9% during the fourth quarter. Dividend Assets Capital LLC now owns 372,330 shares of the oil and gas company’s stock valued at $4,833,000 after buying an additional 33,688 shares during the period. Wiley BROS. Aintree Capital LLC increased its stake in shares of USA Compression Partners by 7.7% during the first quarter. Wiley BROS. Aintree Capital LLC now owns 33,633 shares of the oil and gas company’s stock valued at $525,000 after buying an additional 2,400 shares during the period. Finally, Arrow Investment Advisors LLC increased its stake in shares of USA Compression Partners by 2.5% during the fourth quarter. Arrow Investment Advisors LLC now owns 29,487 shares of the oil and gas company’s stock valued at $383,000 after buying an additional 727 shares during the period. Hedge funds and other institutional investors own 34.34% of the company’s stock.
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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