USA Compression Partners LP (NYSE:USAC) Major Shareholder Veteran Equity Aggregator Eig Sells 24,565 Shares

USA Compression Partners LP (NYSE:USAC) major shareholder Veteran Equity Aggregator Eig sold 24,565 shares of USA Compression Partners stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $24.87, for a total value of $610,931.55. Following the completion of the transaction, the insider now owns 5,857,963 shares of the company’s stock, valued at approximately $145,687,539.81. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own at least 10% 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 Thursday, May 9th, Veteran Equity Aggregator Eig sold 9,713 shares of USA Compression Partners stock. The shares were sold at an average price of $25.14, for a total transaction of $244,184.82.
• On Thursday, April 4th, Veteran Equity Aggregator Eig sold 5,889,297 shares of USA Compression Partners stock. The stock was sold at an average price of $25.12, for a total transaction of $147,939,140.64.

USA Compression Partners Stock Up 0.3 %

Shares of NYSE USAC opened at $25.14 on Friday. The business’s 50 day moving average is $26.09 and its two-hundred day moving average is $25.13. USA Compression Partners LP has a 52-week low of $18.48 and a 52-week high of $28.47. The firm has a market cap of $2.59 billion, a price-to-earnings ratio of 119.32 and a beta of 1.30.

USA Compression Partners (NYSE:USAC) last issued its quarterly earnings results on Tuesday, February 13th. The oil and gas company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02). The business had revenue of $225.05 million for the quarter, compared to analysts’ expectations of $221.50 million. USA Compression Partners had a negative return on equity of 31.81% and a net margin of 8.07%. During the same quarter last year, the company earned ($0.04) earnings per share. Analysts anticipate that USA Compression Partners LP will post 0.59 EPS for the current fiscal year.

USA Compression Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 3rd. Shareholders of record on Monday, April 22nd were issued a dividend of $0.525 per share. The ex-dividend date of this dividend was Friday, April 19th. This represents a $2.10 annualized dividend and a yield of 8.35%. USA Compression Partners’s dividend payout ratio (DPR) is 1,000.05%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on USAC shares. Mizuho raised their price target on shares of USA Compression Partners from $22.00 to $23.00 and gave the stock an “underperform” rating in a research note on Wednesday, February 14th. Raymond James increased 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. Finally, StockNews.com upgraded USA Compression Partners from a “hold” rating to a “buy” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, USA Compression Partners presently has a consensus rating of “Hold” and a consensus target price of $24.75.

Hedge Funds Weigh In On USA Compression Partners

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. JNBA Financial Advisors purchased a new position in USA Compression Partners in the fourth quarter worth approximately $46,000. Creekmur Asset Management LLC purchased a new stake in shares of USA Compression Partners during the 4th quarter worth $46,000. Tower Research Capital LLC TRC grew its stake in shares of USA Compression Partners by 914.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,196 shares of the oil and gas company’s stock worth $73,000 after purchasing an additional 2,881 shares in the last quarter. Atria Wealth Solutions Inc. purchased a new position in USA Compression Partners in the fourth quarter valued at $207,000. Finally, F&V Capital Management LLC acquired a new stake in USA Compression Partners in the first quarter valued at $209,000. 47.77% of the stock is 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.