USA Compression Partners, LP $USAC Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC grew its stake in USA Compression Partners, LP (NYSE:USAC) by 2.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 35,957 shares of the oil and gas company’s stock after buying an additional 1,022 shares during the quarter. HighTower Advisors LLC’s holdings in USA Compression Partners were worth $970,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Perkins Coie Trust Co lifted its holdings in shares of USA Compression Partners by 40.0% in the 1st quarter. Perkins Coie Trust Co now owns 7,000 shares of the oil and gas company’s stock valued at $189,000 after buying an additional 2,000 shares during the period. IFG Advisory LLC acquired a new position in shares of USA Compression Partners in the 1st quarter valued at about $202,000. 49 Wealth Management LLC acquired a new position in shares of USA Compression Partners in the 1st quarter valued at about $228,000. Kestra Private Wealth Services LLC acquired a new position in shares of USA Compression Partners in the 1st quarter valued at about $230,000. Finally, Stifel Financial Corp raised its holdings in USA Compression Partners by 20.8% in the 4th quarter. Stifel Financial Corp now owns 11,080 shares of the oil and gas company’s stock worth $261,000 after purchasing an additional 1,905 shares during the period. Institutional investors and hedge funds own 47.77% of the company’s stock.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $25.00 price target (up previously from $24.00) on shares of USA Compression Partners in a report on Monday, June 23rd. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $26.25.

USA Compression Partners Trading Up 0.2%

NYSE USAC opened at $24.00 on Thursday. The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of 35.82 and a beta of 0.36. USA Compression Partners, LP has a twelve month low of $21.24 and a twelve month high of $30.10. The stock has a 50-day moving average of $24.30 and a 200 day moving average of $25.19.

USA Compression Partners (NYSE:USAC) last released its quarterly earnings results on Wednesday, August 6th. The oil and gas company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.01. USA Compression Partners had a negative return on equity of 71.82% and a net margin of 9.56%.The company had revenue of $250.13 million during the quarter, compared to analysts’ expectations of $246.99 million. Equities analysts predict that USA Compression Partners, LP will post 1.05 EPS for the current fiscal year.

USA Compression Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Monday, July 28th were issued a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, July 28th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 8.8%. USA Compression Partners’s dividend payout ratio is presently 313.43%.

USA Compression Partners 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.