USA Compression Partners (NYSE:USAC) Stock Price Down 4.6% – Here’s Why

USA Compression Partners LP (NYSE:USAC) dropped 4.6% during mid-day trading on Friday . The company traded as low as $26.65 and last traded at $26.50. Approximately 33,411 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 412,965 shares. The stock had previously closed at $27.76.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada reiterated a “sector perform” rating and set a $27.00 target price on shares of USA Compression Partners in a research report on Friday, November 22nd. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, USA Compression Partners currently has a consensus rating of “Hold” and an average price target of $26.00.

USA Compression Partners Stock Down 4.2 %

The firm has a 50 day moving average price of $23.96 and a two-hundred day moving average price of $23.06. The company has a market cap of $3.11 billion, a price-to-earnings ratio of 46.68 and a beta of 1.34.

USA Compression Partners (NYSE:USAC) last released its quarterly earnings results on Tuesday, November 5th. The oil and gas company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.07). USA Compression Partners had a negative return on equity of 47.53% and a net margin of 9.36%. The firm had revenue of $239.97 million for the quarter, compared to the consensus estimate of $238.37 million. During the same quarter in the previous year, the business posted $0.09 EPS. On average, equities analysts expect that USA Compression Partners LP will post 0.8 earnings per share for the current year.

USA Compression Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Monday, January 27th will be issued a dividend of $0.525 per share. The ex-dividend date of this dividend is Monday, January 27th. This represents a $2.10 dividend on an annualized basis and a yield of 7.89%. USA Compression Partners’s payout ratio is currently 368.43%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Truist Financial Corp acquired a new position in USA Compression Partners in the fourth quarter valued at approximately $2,428,000. Infrastructure Capital Advisors LLC increased its stake in shares of USA Compression Partners by 14.9% in the 3rd quarter. Infrastructure Capital Advisors LLC now owns 196,206 shares of the oil and gas company’s stock valued at $4,497,000 after acquiring an additional 25,439 shares in the last quarter. Strategic Financial Concepts LLC acquired a new position in shares of USA Compression Partners during the 4th quarter valued at $333,000. Americana Partners LLC acquired a new stake in USA Compression Partners in the third quarter worth $322,000. Finally, Chicago Partners Investment Group LLC increased its stake in USA Compression Partners by 20.7% in the third quarter. Chicago Partners Investment Group LLC now owns 75,770 shares of the oil and gas company’s stock valued at $1,663,000 after purchasing an additional 12,978 shares in the last quarter. 47.77% of the stock is owned by institutional investors and hedge funds.

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.