USA Compression Partners LP (NYSE:USAC) Short Interest Update

USA Compression Partners LP (NYSE:USACGet Free Report) saw a significant decrease in short interest in the month of May. As of May 31st, there was short interest totalling 1,210,000 shares, a decrease of 19.9% from the May 15th total of 1,510,000 shares. Approximately 2.1% of the company’s stock are short sold. Based on an average daily volume of 294,400 shares, the days-to-cover ratio is currently 4.1 days.

Insider Transactions at USA Compression Partners

In related news, major shareholder Veteran Equity Aggregator Eig sold 1,602 shares of the company’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $24.00, for a total transaction of $38,448.00. Following the completion of the sale, the insider now owns 5,544,986 shares in the company, valued at $133,079,664. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other USA Compression Partners news, Director Bradford D. Whitehurst acquired 10,000 shares of USA Compression Partners stock in a transaction on Friday, May 10th. The stock was purchased at an average price of $24.66 per share, for a total transaction of $246,600.00. Following the purchase, the director now directly owns 13,616 shares of the company’s stock, valued at $335,770.56. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Veteran Equity Aggregator Eig sold 1,602 shares of the company’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $24.00, for a total value of $38,448.00. Following the completion of the transaction, the insider now owns 5,544,986 shares of the company’s stock, valued at approximately $133,079,664. The disclosure for this sale can be found here. Insiders have sold 6,127,731 shares of company stock valued at $153,764,903 over the last ninety days.

Institutional Trading of USA Compression Partners

Several institutional investors have recently added to or reduced their stakes in USAC. Barclays PLC boosted its stake in shares of USA Compression Partners by 3,008.6% in the 3rd quarter. Barclays PLC now owns 72,618 shares of the oil and gas company’s stock worth $1,733,000 after buying an additional 70,282 shares during the last quarter. UBS Group AG boosted its stake in shares of USA Compression Partners by 107.1% in the 4th quarter. UBS Group AG now owns 542,425 shares of the oil and gas company’s stock worth $12,384,000 after buying an additional 280,491 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of USA Compression Partners by 1.9% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 463,298 shares of the oil and gas company’s stock worth $10,577,000 after buying an additional 8,659 shares during the last quarter. Global Retirement Partners LLC purchased a new position in shares of USA Compression Partners in the 4th quarter worth $258,000. Finally, CFM Wealth Partners LLC purchased a new position in shares of USA Compression Partners in the 4th quarter worth $1,543,000. 47.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on USAC shares. Royal Bank of Canada reissued a “sector perform” rating and set a $26.00 price objective on shares of USA Compression Partners in a report on Tuesday, June 11th. Raymond James raised their price target on USA Compression Partners from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Tuesday, April 16th. Mizuho raised USA Compression Partners from an “underperform” rating to a “neutral” rating and raised their price target for the company from $23.00 to $26.00 in a report on Thursday, May 30th. Finally, StockNews.com raised USA Compression Partners from a “hold” rating to a “buy” rating in a report on Thursday, May 16th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $26.50.

Get Our Latest Report on USA Compression Partners

USA Compression Partners Price Performance

USAC stock traded up $0.54 on Monday, reaching $24.07. 668,569 shares of the company traded hands, compared to its average volume of 369,631. USA Compression Partners has a one year low of $19.14 and a one year high of $28.47. The company has a market cap of $2.48 billion, a P/E ratio of 58.05 and a beta of 1.32. The firm has a fifty day simple moving average of $24.51 and a 200-day simple moving average of $24.92.

USA Compression Partners (NYSE:USACGet Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The oil and gas company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. USA Compression Partners had a negative return on equity of 31.50% and a net margin of 9.21%. The company had revenue of $229.28 million during the quarter, compared to analyst estimates of $226.43 million. On average, sell-side analysts forecast that USA Compression Partners will post 0.77 EPS for the current year.

USA Compression Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 3rd. Shareholders of record on Monday, April 22nd were paid a dividend of $0.525 per share. The ex-dividend date was Friday, April 19th. This represents a $2.10 annualized dividend and a yield of 8.72%. USA Compression Partners’s dividend payout ratio is 512.20%.

About USA Compression Partners

(Get Free Report)

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.

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