USA Compression Partners (NYSE:USAC) Reaches New 52-Week High – Time to Buy?

USA Compression Partners, LP (NYSE:USAC) hit a new 52-week high on Tuesday . The stock traded as high as $28.49 and last traded at $28.5050, with a volume of 17280 shares. The stock had previously closed at $27.99.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of USA Compression Partners from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Zacks Research upgraded shares of USA Compression Partners from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. Mizuho boosted their target price on shares of USA Compression Partners from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Monday, January 12th. Citigroup restated a “neutral” rating on shares of USA Compression Partners in a research note on Tuesday, December 2nd. Finally, Stifel Nicolaus raised their price target on shares of USA Compression Partners from $27.00 to $30.00 and gave the stock a “hold” rating in a report on Wednesday, February 18th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $26.67.

USA Compression Partners Stock Down 1.1%

The company has a market capitalization of $4.08 billion, a price-to-earnings ratio of 33.46 and a beta of 0.22. The business’s 50-day moving average is $26.42 and its 200-day moving average is $24.57.

USA Compression Partners (NYSE:USAC) last announced its quarterly earnings results on Tuesday, February 17th. The oil and gas company reported $0.28 earnings per share for the quarter, hitting the consensus estimate of $0.28. The company had revenue of $252.48 million for the quarter, compared to the consensus estimate of $253.43 million. USA Compression Partners had a negative return on equity of 87.34% and a net margin of 11.15%. As a group, analysts expect that USA Compression Partners, LP will post 1.05 EPS for the current year.

USA Compression Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 6th. Stockholders of record on Monday, January 26th were paid a $0.525 dividend. The ex-dividend date was Monday, January 26th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 7.5%. USA Compression Partners’s dividend payout ratio is presently 250.00%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. lifted its holdings in USA Compression Partners by 82.7% in the first 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 period. JPMorgan Chase & Co. grew its stake in shares of USA Compression Partners by 274.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,351,079 shares of the oil and gas company’s stock worth $130,085,000 after purchasing an additional 3,922,383 shares during the period. Global Retirement Partners LLC purchased a new position in shares of USA Compression Partners during the 2nd quarter valued at approximately $255,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of USA Compression Partners by 14.1% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,305,265 shares of the oil and gas company’s stock valued at $128,971,000 after purchasing an additional 654,001 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its stake in shares of USA Compression Partners by 1.5% in the 2nd quarter. Raymond James Financial Inc. now owns 548,743 shares of the oil and gas company’s stock valued at $13,340,000 after purchasing an additional 8,169 shares during the period. 47.77% of the stock is currently owned by hedge funds and other institutional investors.

About USA Compression Partners

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.