USA Compression Partners (NYSE:USAC) Sets New 52-Week High – Should You Buy?

Shares of USA Compression Partners, LP (NYSE:USAC) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $29.47 and last traded at $29.1560, with a volume of 146337 shares changing hands. The stock had previously closed at $27.43.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Texas Capital upgraded USA Compression Partners from a “hold” rating to a “strong-buy” rating in a report on Monday, March 9th. Stifel Nicolaus raised their price objective on USA Compression Partners from $27.00 to $30.00 and gave the company a “hold” rating in a research report on Wednesday, February 18th. Citigroup lifted their target price on USA Compression Partners from $26.00 to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday. Zacks Research lowered USA Compression Partners from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 16th. Finally, Wall Street Zen cut USA Compression Partners from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $27.00.

USA Compression Partners Stock Up 2.4%

The company has a market cap of $4.26 billion, a price-to-earnings ratio of 30.29 and a beta of 0.22. The company has a debt-to-equity ratio of 9.41, a current ratio of 1.55 and a quick ratio of 0.55. The firm has a 50-day moving average price of $27.63 and a 200 day moving average price of $25.68.

USA Compression Partners (NYSE:USAC) last released its quarterly earnings results on Tuesday, May 5th. The oil and gas company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.08). USA Compression Partners had a negative return on equity of 807.33% and a net margin of 11.91%.The firm had revenue of $331.28 million for the quarter, compared to analyst estimates of $308.35 million. Sell-side analysts predict that USA Compression Partners, LP will post 1.25 EPS for the current year.

USA Compression Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Monday, April 27th were given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date of this dividend was Monday, April 27th. USA Compression Partners’s payout ratio is presently 216.49%.

Hedge Funds Weigh In On USA Compression Partners

Hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. boosted 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 purchasing an additional 1,296,339 shares during the period. Raymond James Financial Inc. raised its position in shares of USA Compression Partners by 1.5% in the second quarter. Raymond James Financial Inc. now owns 548,743 shares of the oil and gas company’s stock valued at $13,340,000 after buying an additional 8,169 shares in the last quarter. HRT Financial LP acquired a new stake in shares of USA Compression Partners in the second quarter valued at approximately $1,555,000. Corient Private Wealth LLC boosted its stake in shares of USA Compression Partners by 131.7% in the second quarter. Corient Private Wealth LLC now owns 412,900 shares of the oil and gas company’s stock valued at $10,038,000 after buying an additional 234,730 shares during the period. Finally, CWM LLC bought a new stake in shares of USA Compression Partners in the third quarter valued at approximately $34,000. 47.77% of the stock is owned by institutional investors.

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.