USA Compression Partners (NYSE:USAC) Hits New 52-Week High – Should You Buy?

USA Compression Partners LP (NYSE:USAC) shares reached a new 52-week high on Tuesday . The company traded as high as $30.10 and last traded at $29.30, with a volume of 1727233 shares changing hands. The stock had previously closed at $28.79.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on USAC shares. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $27.00 price target on shares of USA Compression Partners in a report on Friday, November 22nd. Mizuho boosted their target price on shares of USA Compression Partners from $24.00 to $26.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, USA Compression Partners currently has a consensus rating of “Hold” and an average target price of $26.50.

USA Compression Partners Price Performance

The company has a fifty day moving average price of $24.39 and a two-hundred day moving average price of $23.21. The company has a market capitalization of $3.43 billion, a P/E ratio of 51.40 and a beta of 1.34.

USA Compression Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Monday, January 27th were issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 7.17%. The ex-dividend date of this dividend was Monday, January 27th. USA Compression Partners’s payout ratio is 368.43%.

Hedge Funds Weigh In On USA Compression Partners

Several large investors have recently modified their holdings of USAC. Sanctuary Advisors LLC bought a new stake in shares of USA Compression Partners in the second quarter worth $204,000. Exchange Traded Concepts LLC lifted its holdings in USA Compression Partners by 12.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 93,523 shares of the oil and gas company’s stock worth $2,144,000 after buying an additional 10,592 shares during the period. Allworth Financial LP grew its position in shares of USA Compression Partners by 3,054.8% in the 3rd quarter. Allworth Financial LP now owns 1,325 shares of the oil and gas company’s stock valued at $30,000 after buying an additional 1,283 shares during the last quarter. Childress Capital Advisors LLC increased its stake in shares of USA Compression Partners by 61.1% in the third quarter. Childress Capital Advisors LLC now owns 31,250 shares of the oil and gas company’s stock valued at $716,000 after buying an additional 11,850 shares during the period. Finally, Americana Partners LLC bought a new position in shares of USA Compression Partners during the third quarter worth about $322,000. Institutional investors own 47.77% of the company’s stock.

About USA Compression Partners

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.