Research analysts at RBC Capital hoisted their target price on shares of Usa Compression Partners (NASDAQ:USAC) from $30.00 to $31.00 in a report released on Thursday, American Banking and Market News reports. RBC Capital’s price target indicates a potential upside of 14.81% from the stock’s previous close.
USAC has been the subject of a number of other recent research reports. Analysts at Wells Fargo & Co. downgraded shares of Usa Compression Partners from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 1st. They noted that the move was a valuation call. Separately, analysts at Raymond James reiterated an “outperform” rating on shares of Usa Compression Partners in a research note on Wednesday, April 30th. They now have a $34.00 price target on the stock. Finally, analysts at Zacks upgraded shares of Usa Compression Partners from an “underperform” rating to a “neutral” rating in a research note on Monday, February 24th. They now have a $27.40 price target on the stock. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Usa Compression Partners presently has an average rating of “Hold” and an average price target of $30.35.
Shares of Usa Compression Partners (NASDAQ:USAC) traded up 1.11% on Thursday, hitting $27.30. The stock had a trading volume of 1,465 shares. Usa Compression Partners has a 1-year low of $20.37 and a 1-year high of $28.73. The stock’s 50-day moving average is $26.84 and its 200-day moving average is $26.1. The company has a market cap of $1.040 billion and a price-to-earnings ratio of 71.62.
Usa Compression Partners (NASDAQ:USAC) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.10 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.12 by $0.02. The company had revenue of $50.20 million for the quarter, compared to the consensus estimate of $50.62 million. During the same quarter last year, the company posted $0.07 earnings per share. Usa Compression Partners’s revenue was up 54.0% compared to the same quarter last year. On average, analysts predict that Usa Compression Partners will post $0.56 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, May 15th. Stockholders of record on Monday, May 5th will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 7.26%. The ex-dividend date is Thursday, May 1st. This is a boost from Usa Compression Partners’s previous quarterly dividend of $0.48.
USA Compression Partners, LP through its wholly owned subsidiary USA Compression Partners, LLC (NASDAQ:USAC) and Operating Subsidiary’s wholly owned subsidiary USAC Leasing LLC, primarily provides natural gas compression services under term contracts with customers in the oil and gas industry, using natural gas compressor packages that it designs, engineers, operates and maintains.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.