USA Compression Partners, LP $USAC Shares Acquired by Royal Bank of Canada

Royal Bank of Canada grew its stake in shares of USA Compression Partners, LP (NYSE:USAC) by 38.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 176,124 shares of the oil and gas company’s stock after acquiring an additional 48,978 shares during the quarter. Royal Bank of Canada’s holdings in USA Compression Partners were worth $4,776,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. BNP Paribas Financial Markets raised its holdings in shares of USA Compression Partners by 233.3% in the third quarter. BNP Paribas Financial Markets now owns 1,443 shares of the oil and gas company’s stock worth $35,000 after buying an additional 1,010 shares during the last quarter. MV Capital Management Inc. purchased a new stake in shares of USA Compression Partners during the fourth quarter valued at $86,000. One Charles Private Wealth Services LLC purchased a new stake in shares of USA Compression Partners during the first quarter valued at $212,000. Texas Yale Capital Corp. acquired a new position in shares of USA Compression Partners in the 4th quarter valued at $224,000. Finally, Arista Wealth Management LLC acquired a new position in shares of USA Compression Partners in the 4th quarter valued at $230,000. 47.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

USAC has been the subject of several research analyst reports. Royal Bank Of Canada raised their price objective on USA Compression Partners from $29.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Friday, June 5th. Mizuho increased their price target on shares of USA Compression Partners from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Friday, June 12th. Citigroup raised their price target on shares of USA Compression Partners from $26.00 to $28.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. Finally, Zacks Research cut shares of USA Compression Partners from a “hold” rating to a “strong sell” rating in a research note on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $29.25.

USA Compression Partners Price Performance

NYSE:USAC opened at $26.07 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.55 and a debt-to-equity ratio of 9.41. USA Compression Partners, LP has a 52 week low of $21.85 and a 52 week high of $30.55. The stock’s 50-day moving average price is $26.34 and its 200-day moving average price is $27.08. The stock has a market capitalization of $3.78 billion, a PE ratio of 24.59 and a beta of 0.22.

USA Compression Partners (NYSE:USAC) last released its quarterly earnings results on Tuesday, August 4th. The oil and gas company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.03. The company had revenue of $342.15 million during the quarter, compared to analysts’ expectations of $340.49 million. USA Compression Partners had a return on equity of 852.23% and a net margin of 12.43%. As a group, equities analysts expect that USA Compression Partners, LP will post 1 EPS for the current fiscal year.

USA Compression Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 7th. Stockholders of record on Monday, July 27th were paid a $0.525 dividend. The ex-dividend date of this dividend was Monday, July 27th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 8.1%. USA Compression Partners’s payout ratio is currently 198.11%.

USA Compression Partners 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.