USA Compression Partners (NYSE:USAC) Hits New 12-Month High – Here’s What Happened

USA Compression Partners LP (NYSE:USAC) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $30.10 and last traded at $29.30, with a volume of 1727233 shares changing hands. The stock had previously closed at $28.79.

Wall Street Analysts Forecast Growth

USAC has been the topic of a number of research reports. Royal Bank of Canada reiterated a “sector perform” rating and set a $27.00 price objective on shares of USA Compression Partners in a research report on Friday, November 22nd. Mizuho raised their price target on shares of USA Compression Partners from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $26.50.

USA Compression Partners Trading Up 1.8 %

The stock has a market cap of $3.43 billion, a P/E ratio of 51.40 and a beta of 1.34. The stock has a 50 day simple moving average of $24.39 and a 200 day simple moving average of $23.21.

USA Compression Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Monday, January 27th were given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 7.17%. The ex-dividend date of this dividend was Monday, January 27th. USA Compression Partners’s payout ratio is currently 368.43%.

Institutional Investors Weigh In On USA Compression Partners

Large investors have recently bought and sold shares of the company. Corient Private Wealth LLC lifted its holdings in shares of USA Compression Partners by 28.9% during the 4th quarter. Corient Private Wealth LLC now owns 165,887 shares of the oil and gas company’s stock worth $3,908,000 after acquiring an additional 37,232 shares during the period. Mallini Complete Financial Planning LLC acquired a new position in USA Compression Partners during the fourth quarter valued at approximately $2,176,000. HighTower Advisors LLC lifted its stake in USA Compression Partners by 94.8% during the fourth quarter. HighTower Advisors LLC now owns 34,935 shares of the oil and gas company’s stock worth $823,000 after purchasing an additional 17,005 shares during the last quarter. Objectivity Squared LLC boosted its holdings in shares of USA Compression Partners by 2.4% in the 4th quarter. Objectivity Squared LLC now owns 211,813 shares of the oil and gas company’s stock valued at $5,048,000 after purchasing an additional 4,970 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of USA Compression Partners in the 4th quarter valued at $13,905,000. 47.77% of the stock is currently 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.