Bradford Whitehurst Buys 6,000 Shares of USA Compression Partners (NYSE:USAC) Stock

USA Compression Partners, LP (NYSE:USAC) Director Bradford Whitehurst bought 6,000 shares of the firm’s stock in a transaction on Friday, August 21st. The shares were acquired at an average price of $26.10 per share, for a total transaction of $156,600.00. Following the transaction, the director owned 43,616 shares in the company, valued at approximately $1,138,377.60. This represents a 15.95% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

USA Compression Partners Stock Up 1.4%

Shares of USAC opened at $26.80 on Wednesday. The company has a current ratio of 1.35, a quick ratio of 0.68 and a debt-to-equity ratio of 10.25. USA Compression Partners, LP has a 12 month low of $21.85 and a 12 month high of $30.55. The firm’s 50 day moving average is $26.25 and its 200-day moving average is $27.15. The stock has a market capitalization of $3.88 billion, a PE ratio of 25.28 and a beta of 0.22.

USA Compression Partners (NYSE:USAC) last issued its quarterly earnings results on Tuesday, August 4th. The oil and gas company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.03. The business had revenue of $342.15 million during the quarter, compared to analysts’ expectations of $340.49 million. USA Compression Partners had a return on equity of 179.77% and a net margin of 12.43%. Equities research analysts forecast that USA Compression Partners, LP will post 1 EPS for the current year.

USA Compression Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 7th. Stockholders of record on Monday, July 27th were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date was Monday, July 27th. USA Compression Partners’s dividend payout ratio is presently 198.11%.

Hedge Funds Weigh In On USA Compression Partners

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Alps Advisors Inc. boosted its holdings in shares of USA Compression Partners by 3.8% during the 4th quarter. Alps Advisors Inc. now owns 17,748,200 shares of the oil and gas company’s stock valued at $408,209,000 after acquiring an additional 642,462 shares in the last quarter. Royal Bank of Canada increased its holdings in USA Compression Partners by 38.5% in the 1st quarter. Royal Bank of Canada now owns 176,124 shares of the oil and gas company’s stock worth $4,776,000 after purchasing an additional 48,978 shares in the last quarter. ING Groep NV raised its position in USA Compression Partners by 45.5% in the fourth quarter. ING Groep NV now owns 312,600 shares of the oil and gas company’s stock valued at $7,190,000 after purchasing an additional 97,700 shares during the last quarter. TSA Wealth Managment LLC bought a new position in USA Compression Partners in the first quarter valued at about $236,000. Finally, Kestra Private Wealth Services LLC boosted its stake in shares of USA Compression Partners by 5.2% during the first quarter. Kestra Private Wealth Services LLC now owns 30,388 shares of the oil and gas company’s stock valued at $824,000 after purchasing an additional 1,503 shares in the last quarter. Institutional investors own 47.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on USAC shares. Citigroup upped their price objective on shares of USA Compression Partners from $26.00 to $28.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. Zacks Research cut shares of USA Compression Partners from a “hold” rating to a “strong sell” rating in a research report on Monday, July 6th. Royal Bank Of Canada upped their price target on shares of USA Compression Partners from $29.00 to $30.00 and gave the stock a “sector perform” rating in a report on Friday, June 5th. Finally, Mizuho increased their price target on shares of USA Compression Partners from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $29.25.

USA Compression Partners Company Profile

USA Compression Partners (NYSE: USAC) is a Houston-based master limited partnership specializing in natural gas compression services for oil and gas producers. The company offers a full suite of midstream compression solutions designed to enhance production flow and optimize field operations. Its core activities include the design, engineering, fabrication, installation, operation and maintenance of natural gas compression equipment onshore across key U.S. basins.

USA Compression’s product and service offerings encompass new equipment deployment, aftermarket parts and component sales, field service support, and instrumentation and control systems.