Veteran Equity Aggregator Eig Sells 9,713 Shares of USA Compression Partners LP (NYSE:USAC) Stock

USA Compression Partners LP (NYSE:USAC) major shareholder Veteran Equity Aggregator Eig sold 9,713 shares of the stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $25.14, for a total value of $244,184.82. Following the sale, the insider now directly owns 5,827,680 shares in the company, valued at approximately $146,507,875.20. The sale was disclosed in a filing with the SEC, which is accessible through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Tuesday, May 7th, Veteran Equity Aggregator Eig sold 24,565 shares of USA Compression Partners stock. The stock was sold at an average price of $24.87, for a total transaction of $610,931.55.
• 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 Down 0.5 %

Shares of NYSE USAC traded down $0.12 during midday trading on Thursday, reaching $25.06. The company had a trading volume of 241,198 shares, compared to its average volume of 386,140. The stock has a market cap of $2.58 billion, a PE ratio of 119.32 and a beta of 1.30. USA Compression Partners LP has a one year low of $18.48 and a one year high of $28.47. The firm’s fifty day moving average price is $26.09 and its 200-day moving average price is $25.13.

USA Compression Partners (NYSE:USAC) last announced its quarterly earnings data on Tuesday, February 13th. The oil and gas company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.02). USA Compression Partners had a net margin of 8.07% and a negative return on equity of 31.81%. The company had revenue of $225.05 million during the quarter, compared to the consensus estimate of $221.50 million. During the same quarter in the previous year, the firm posted ($0.04) EPS. As a group, equities research analysts expect that USA Compression Partners LP will post 0.59 EPS for the current year.

USA Compression Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 3rd. Shareholders of record on Monday, April 22nd were issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 8.38%. The ex-dividend date of this dividend was Friday, April 19th. USA Compression Partners’s dividend payout ratio (DPR) is presently 1,000.05%.

Hedge Funds Weigh In On USA Compression Partners

A number of hedge funds have recently modified their holdings of USAC. TSA Wealth Managment LLC bought a new stake in shares of USA Compression Partners in the first quarter worth about $232,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of USA Compression Partners during the first quarter valued at approximately $1,107,000. Jennison Associates LLC bought a new position in shares of USA Compression Partners during the first quarter valued at approximately $4,775,000. Lincoln National Corp purchased a new stake in USA Compression Partners in the first quarter worth $2,814,000. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in USA Compression Partners by 2.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 473,414 shares of the oil and gas company’s stock valued at $12,626,000 after acquiring an additional 10,116 shares in the last quarter. Hedge funds and other institutional investors own 47.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on USAC shares. Mizuho lifted their price objective on USA Compression Partners from $22.00 to $23.00 and gave the company an “underperform” rating in a research note on Wednesday, February 14th. Raymond James increased their price target on shares of USA Compression Partners from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Tuesday, April 16th. Finally, StockNews.com raised USA Compression Partners from a “hold” rating to a “buy” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $24.75.

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.