Citigroup Raises USA Compression Partners (NYSE:USAC) Price Target to $27.00

USA Compression Partners (NYSE:USAC) had its target price boosted by Citigroup from $24.00 to $27.00 in a research report report published on Tuesday morning,Benzinga reports. Citigroup currently has a neutral rating on the oil and gas company’s stock.

Other analysts have also issued research reports about the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $27.00 price objective on shares of USA Compression Partners in a research report on Friday, November 22nd. Mizuho lifted their price target on shares of USA Compression Partners from $24.00 to $26.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, USA Compression Partners has an average rating of “Hold” and a consensus target price of $27.50.

USA Compression Partners Stock Down 1.6 %

USAC stock opened at $27.29 on Tuesday. The business has a 50 day moving average of $25.61 and a 200-day moving average of $23.70. The firm has a market cap of $3.21 billion, a PE ratio of 37.38 and a beta of 1.34. USA Compression Partners has a 12-month low of $21.06 and a 12-month high of $30.10.

USA Compression Partners (NYSE:USAC) last announced its quarterly earnings data on Tuesday, February 11th. The oil and gas company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.06). USA Compression Partners had a net margin of 10.48% and a negative return on equity of 62.46%. On average, research analysts expect that USA Compression Partners will post 1.05 earnings per share for the current year.

USA Compression Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Monday, January 27th were issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 7.69%. The ex-dividend date of this dividend was Monday, January 27th. USA Compression Partners’s dividend payout ratio (DPR) is presently 287.67%.

Hedge Funds Weigh In On USA Compression Partners

Several large investors have recently modified their holdings of USAC. Raymond James Financial Inc. bought a new position in USA Compression Partners in the 4th quarter worth approximately $13,905,000. Invesco Ltd. lifted its position in shares of USA Compression Partners by 0.9% during the fourth quarter. Invesco Ltd. now owns 12,274,451 shares of the oil and gas company’s stock worth $289,186,000 after acquiring an additional 107,058 shares in the last quarter. Truist Financial Corp bought a new position in shares of USA Compression Partners in the fourth quarter worth $2,428,000. Mallini Complete Financial Planning LLC purchased a new position in shares of USA Compression Partners in the fourth quarter valued at $2,176,000. Finally, Jane Street Group LLC grew its position in shares of USA Compression Partners by 236.0% in the fourth quarter. Jane Street Group LLC now owns 130,270 shares of the oil and gas company’s stock valued at $3,069,000 after purchasing an additional 91,499 shares in the last quarter. Hedge funds and other institutional investors own 47.77% of the company’s stock.

About USA Compression Partners

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.