USA Compression Partners’ (USAC) Underweight Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their underweight rating on shares of USA Compression Partners (NYSE:USAC) in a report issued on Monday,Benzinga reports. They currently have a $25.00 price target on the oil and gas company’s stock, up from their prior price target of $24.00.

Separately, Citigroup upped their price target on USA Compression Partners from $24.00 to $27.00 and gave the stock a “neutral” rating in a report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat, USA Compression Partners has a consensus rating of “Hold” and a consensus target price of $26.25.

USA Compression Partners Price Performance

NYSE:USAC opened at $24.12 on Monday. The company has a 50 day moving average price of $24.91 and a 200-day moving average price of $25.26. USA Compression Partners has a 1-year low of $21.06 and a 1-year high of $30.10. The firm has a market cap of $2.84 billion, a price-to-earnings ratio of 35.47 and a beta of 0.40.

USA Compression Partners (NYSE:USAC) last released its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.04). The firm had revenue of $245.23 million during the quarter, compared to analysts’ expectations of $244.79 million. USA Compression Partners had a net margin of 9.99% and a negative return on equity of 81.01%. On average, sell-side analysts anticipate that USA Compression Partners will post 1.05 earnings per share for the current fiscal year.

USA Compression Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Monday, April 28th were given a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, April 28th. This is a boost from USA Compression Partners’s previous quarterly dividend of $0.51. This represents a $2.10 dividend on an annualized basis and a yield of 8.71%. USA Compression Partners’s dividend payout ratio is currently 308.82%.

Insider Buying and Selling at USA Compression Partners

In other news, Director Bradford D. Whitehurst purchased 10,000 shares of the stock in a transaction dated Thursday, May 8th. The shares were purchased at an average cost of $23.50 per share, with a total value of $235,000.00. Following the completion of the purchase, the director now directly owns 23,616 shares of the company’s stock, valued at approximately $554,976. The trade was a 73.44% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Institutional Investors Weigh In On USA Compression Partners

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hodges Capital Management Inc. lifted its stake in shares of USA Compression Partners by 1.9% in the first quarter. Hodges Capital Management Inc. now owns 26,621 shares of the oil and gas company’s stock worth $718,000 after buying an additional 500 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in USA Compression Partners by 82.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,863,377 shares of the oil and gas company’s stock valued at $77,254,000 after acquiring an additional 1,296,339 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in USA Compression Partners by 32.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,651,264 shares of the oil and gas company’s stock valued at $125,491,000 after acquiring an additional 1,141,556 shares during the last quarter. Energy Income Partners LLC lifted its stake in USA Compression Partners by 1.6% in the 1st quarter. Energy Income Partners LLC now owns 381,787 shares of the oil and gas company’s stock worth $10,301,000 after purchasing an additional 5,959 shares in the last quarter. Finally, Jump Financial LLC acquired a new position in shares of USA Compression Partners during the 1st quarter worth approximately $699,000. Institutional investors and hedge funds own 47.77% 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.