USA Compression Partners, LP (NYSE:USAC) Short Interest Up 1,368.8% in July

USA Compression Partners, LP (NYSE:USAC) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 3,230,000 shares, anincreaseof1,368.8% from the June 30th total of 219,900 shares. Currently,4.7% of the shares of the company are sold short. Based on an average daily trading volume, of 236,700 shares, the short-interest ratio is presently 13.6 days. Based on an average daily trading volume, of 236,700 shares, the short-interest ratio is presently 13.6 days. Currently,4.7% of the shares of the company are sold short.

Insider Buying and Selling at USA Compression Partners

In other news, Director Bradford D. Whitehurst bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, May 8th. The shares were purchased at an average price of $23.50 per share, with a total value of $235,000.00. Following the completion of the acquisition, the director directly owned 23,616 shares in the company, valued at approximately $554,976. This trade represents a 73.44% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. D.A. Davidson & CO. lifted its stake in USA Compression Partners by 15.6% during the second quarter. D.A. Davidson & CO. now owns 23,227 shares of the oil and gas company’s stock worth $565,000 after purchasing an additional 3,129 shares during the period. Confluence Wealth Services Inc. bought a new position in USA Compression Partners during the second quarter worth about $317,000. F&V Capital Management LLC increased its holdings in shares of USA Compression Partners by 5.4% during the second quarter. F&V Capital Management LLC now owns 11,750 shares of the oil and gas company’s stock worth $286,000 after buying an additional 600 shares in the last quarter. GraniteShares Advisors LLC increased its holdings in shares of USA Compression Partners by 6.7% during the second quarter. GraniteShares Advisors LLC now owns 118,466 shares of the oil and gas company’s stock worth $2,880,000 after buying an additional 7,403 shares in the last quarter. Finally, SeaCrest Wealth Management LLC increased its holdings in shares of USA Compression Partners by 149.0% during the second quarter. SeaCrest Wealth Management LLC now owns 24,400 shares of the oil and gas company’s stock worth $593,000 after buying an additional 14,600 shares in the last quarter. Institutional investors own 47.77% of the company’s stock.

USA Compression Partners Stock Performance

NYSE USAC opened at $23.17 on Monday. USA Compression Partners has a twelve month low of $21.06 and a twelve month high of $30.10. The stock has a market capitalization of $2.72 billion, a PE ratio of 34.07 and a beta of 0.36. The stock has a 50-day simple moving average of $24.82 and a 200 day simple moving average of $25.48.

USA Compression Partners (NYSE:USAC) last released its earnings results on Tuesday, May 6th. The oil and gas company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.04). USA Compression Partners had a net margin of 9.99% and a negative return on equity of 81.01%. The company had revenue of $245.23 million during the quarter, compared to the consensus estimate of $244.79 million. As a group, equities research analysts forecast that USA Compression Partners will post 1.05 EPS for the current fiscal year.

USA Compression Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Monday, July 28th will be paid a dividend of $0.525 per share. The ex-dividend date is Monday, July 28th. This represents a $2.10 dividend on an annualized basis and a yield of 9.1%. USA Compression Partners’s dividend payout ratio (DPR) is currently 308.82%.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $25.00 target price (up previously from $24.00) on shares of USA Compression Partners in a research report on Monday, June 23rd.

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.