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 the stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $24.87, for a total transaction of $610,931.55. Following the transaction, the insider now owns 5,857,963 shares in the company, valued at $145,687,539.81. The sale was disclosed in a filing with the SEC, which is available through this link. Large shareholders that own more than 10% of a company’s stock 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 stock was 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 shares were sold at an average price of $25.12, for a total transaction of $147,939,140.64.

USA Compression Partners Price Performance

USA Compression Partners stock traded down $0.12 during trading hours on Thursday, hitting $25.06. 241,198 shares of the stock traded hands, compared to its average volume of 386,140. The firm’s 50 day moving average price is $26.09 and its 200-day moving average price is $25.13. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of 119.43 and a beta of 1.30. USA Compression Partners LP has a 1 year low of $18.48 and a 1 year high of $28.47.

USA Compression Partners (NYSE:USAC) last issued its earnings results on Tuesday, February 13th. The oil and gas company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $225.05 million during the quarter, compared to analysts’ expectations of $221.50 million. During the same quarter in the prior year, the company earned ($0.04) EPS. Research analysts forecast that USA Compression Partners LP will post 0.59 earnings per share for the current fiscal year.

USA Compression Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 3rd. Investors of record on Monday, April 22nd were given a dividend of $0.525 per share. The ex-dividend date was Friday, April 19th. This represents a $2.10 dividend on an annualized basis and a yield of 8.38%. USA Compression Partners’s dividend payout ratio is presently 1,000.05%.

Hedge Funds Weigh In On USA Compression Partners

A number of institutional investors have recently modified their holdings of USAC. Barclays PLC raised its holdings in 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 purchasing an additional 70,282 shares during the period. J.P. Morgan Private Wealth Advisors LLC grew its stake in USA Compression Partners by 6.7% in the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 224,114 shares of the oil and gas company’s stock valued at $5,347,000 after acquiring an additional 14,000 shares during the period. Raymond James Financial Services Advisors Inc. increased its holdings in 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 acquiring an additional 8,659 shares in the last quarter. Global Retirement Partners LLC acquired a new stake in shares of USA Compression Partners in the fourth quarter valued at about $258,000. Finally, CFM Wealth Partners LLC purchased a new stake in shares of USA Compression Partners during the fourth quarter worth about $1,543,000. Hedge funds and other institutional investors own 47.77% of the company’s stock.

Wall Street Analysts Forecast Growth

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