Insider Selling: USA Compression Partners LP (NYSE:USAC) Major Shareholder Sells 2,776,383 Shares of Stock

USA Compression Partners LP (NYSE:USACGet Free Report) major shareholder Veteran Equity Aggregator Eig sold 2,776,383 shares of the business’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $23.00, for a total value of $63,856,809.00. Following the completion of the transaction, the insider now directly owns 2,754,315 shares in the company, valued at $63,349,245. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Veteran Equity Aggregator Eig also recently made the following trade(s):

  • On Monday, June 10th, Veteran Equity Aggregator Eig sold 11,175 shares of USA Compression Partners stock. The stock was sold at an average price of $24.04, for a total value of $268,647.00.
  • On Wednesday, June 5th, Veteran Equity Aggregator Eig sold 1,602 shares of USA Compression Partners stock. The stock was sold at an average price of $24.00, for a total value of $38,448.00.
  • On Thursday, May 30th, Veteran Equity Aggregator Eig sold 3,851 shares of USA Compression Partners stock. The shares were sold at an average price of $24.12, for a total transaction of $92,886.12.
  • On Friday, May 24th, Veteran Equity Aggregator Eig sold 13,879 shares of USA Compression Partners stock. The stock was sold at an average price of $24.01, for a total transaction of $333,234.79.
  • On Tuesday, May 28th, Veteran Equity Aggregator Eig sold 8,184 shares of USA Compression Partners stock. The shares were sold at an average price of $24.01, for a total transaction of $196,497.84.
  • On Wednesday, May 22nd, Veteran Equity Aggregator Eig sold 65,432 shares of USA Compression Partners stock. The shares were sold at an average price of $24.47, for a total value of $1,601,121.04.
  • On Monday, May 20th, Veteran Equity Aggregator Eig sold 29,446 shares of USA Compression Partners stock. The stock was sold at an average price of $24.76, for a total value of $729,082.96.
  • On Friday, May 17th, Veteran Equity Aggregator Eig sold 44,527 shares of USA Compression Partners stock. The shares were sold at an average price of $24.29, for a total transaction of $1,081,560.83.
  • On Wednesday, May 15th, Veteran Equity Aggregator Eig sold 19,388 shares of USA Compression Partners stock. The shares were sold at an average price of $24.12, for a total transaction of $467,638.56.
  • On Monday, May 13th, Veteran Equity Aggregator Eig sold 6,672 shares of USA Compression Partners stock. The stock was sold at an average price of $24.21, for a total transaction of $161,529.12.

USA Compression Partners Price Performance

Shares of NYSE:USAC opened at $23.89 on Friday. USA Compression Partners LP has a 1 year low of $19.14 and a 1 year high of $28.47. The company has a market capitalization of $2.46 billion, a PE ratio of 58.27 and a beta of 1.32. The business has a fifty day moving average price of $24.34 and a two-hundred day moving average price of $24.91.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. The business had revenue of $229.28 million during the quarter, compared to the consensus estimate of $226.43 million. USA Compression Partners had a net margin of 9.21% and a negative return on equity of 31.50%. Sell-side analysts anticipate that USA Compression Partners LP will post 0.77 earnings per share for the current year.

USA Compression Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 3rd. Investors of record on Monday, April 22nd were issued a $0.525 dividend. The ex-dividend date of this dividend was Friday, April 19th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 8.79%. USA Compression Partners’s dividend payout ratio (DPR) is presently 512.20%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $26.00 price objective on shares of USA Compression Partners in a research note on Tuesday, June 11th. Mizuho upgraded USA Compression Partners from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $23.00 to $26.00 in a research note on Thursday, May 30th. Raymond James upped their target price on shares of USA Compression Partners from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 16th. Finally, StockNews.com raised shares of USA Compression Partners from a “hold” rating to a “buy” rating in a research report on Thursday, May 16th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, USA Compression Partners presently has a consensus rating of “Hold” and a consensus price target of $26.50.

Get Our Latest Stock Report on USA Compression Partners

Hedge Funds Weigh In On USA Compression Partners

Several institutional investors and hedge funds have recently bought and sold shares of USAC. HighTower Advisors LLC lifted its position in shares of USA Compression Partners by 35.6% during the 3rd quarter. HighTower Advisors LLC now owns 24,394 shares of the oil and gas company’s stock valued at $580,000 after buying an additional 6,404 shares during the last quarter. Citigroup Inc. bought a new position in USA Compression Partners during the third quarter worth about $1,288,000. PNC Financial Services Group Inc. increased its stake in shares of USA Compression Partners by 13.4% in the third quarter. PNC Financial Services Group Inc. now owns 126,650 shares of the oil and gas company’s stock worth $3,022,000 after purchasing an additional 15,000 shares in the last quarter. Mirabella Financial Services LLP bought a new stake in shares of USA Compression Partners in the third quarter valued at approximately $723,000. Finally, Nomura Holdings Inc. purchased a new stake in shares of USA Compression Partners during the 3rd quarter valued at approximately $644,000. 47.77% of the stock is owned by institutional investors.

USA Compression Partners Company Profile

(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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Insider Buying and Selling by Quarter for USA Compression Partners (NYSE:USAC)

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