Royal Bank of Canada upgraded shares of USA Compression Partners (NYSE:USAC) from a sector perform rating to an outperform rating in a research note issued to investors on Wednesday, MarketBeat.com reports. Royal Bank of Canada currently has $21.00 target price on the oil and gas company’s stock.
Several other research firms have also commented on USAC. ValuEngine raised USA Compression Partners from a hold rating to a buy rating in a research report on Wednesday, August 8th. Zacks Investment Research lowered USA Compression Partners from a buy rating to a hold rating in a research report on Tuesday, September 18th. Mitsubishi UFJ Financial Group assumed coverage on USA Compression Partners in a research report on Wednesday, September 5th. They issued an overweight rating and a $22.00 price objective on the stock. B. Riley reissued a buy rating and issued a $21.00 price objective on shares of USA Compression Partners in a research report on Friday, August 31st. Finally, Wells Fargo & Co cut their price objective on USA Compression Partners from $20.00 to $19.00 and set a market perform rating on the stock in a research report on Thursday, September 13th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $20.57.
Shares of USA Compression Partners stock opened at $14.53 on Wednesday. USA Compression Partners has a twelve month low of $14.01 and a twelve month high of $19.33. The company has a quick ratio of 0.86, a current ratio of 1.32 and a debt-to-equity ratio of 1.21.
USA Compression Partners (NYSE:USAC) last released its quarterly earnings data on Tuesday, November 6th. The oil and gas company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.06). USA Compression Partners had a negative net margin of 1.67% and a positive return on equity of 1.31%. The company had revenue of $168.90 million during the quarter, compared to analysts’ expectations of $170.93 million. During the same period last year, the business earned $0.07 earnings per share. The company’s revenue for the quarter was up 132.0% compared to the same quarter last year. On average, analysts anticipate that USA Compression Partners will post -0.34 earnings per share 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. The ex-dividend date of this dividend was Friday, October 26th. This is a positive change from USA Compression Partners’s previous quarterly dividend of $0.51. This represents a $2.10 annualized dividend and a yield of 14.45%. USA Compression Partners’s dividend payout ratio (DPR) is 1,312.50%.
A number of large investors have recently added to or reduced their stakes in USAC. Wells Fargo & Company MN increased its position in shares of USA Compression Partners by 41.8% during the first quarter. Wells Fargo & Company MN now owns 16,784 shares of the oil and gas company’s stock worth $284,000 after acquiring an additional 4,949 shares during the last quarter. Royal Bank of Canada increased its position in shares of USA Compression Partners by 19.1% during the first quarter. Royal Bank of Canada now owns 31,715 shares of the oil and gas company’s stock worth $537,000 after acquiring an additional 5,091 shares during the last quarter. Lucas Capital Management purchased a new stake in shares of USA Compression Partners during the second quarter worth about $508,000. Ipswich Investment Management Co. Inc. purchased a new stake in shares of USA Compression Partners during the second quarter worth about $247,000. Finally, Perella Weinberg Partners Capital Management LP increased its position in shares of USA Compression Partners by 134.8% during the second quarter. Perella Weinberg Partners Capital Management LP now owns 1,051,564 shares of the oil and gas company’s stock worth $17,698,000 after acquiring an additional 603,657 shares during the last quarter. 42.53% of the stock is currently owned by 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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