Citigroup Inc. Takes Position in USA Compression Partners, LP $USAC

Citigroup Inc. purchased a new stake in USA Compression Partners, LP (NYSE:USAC) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 106,382 shares of the oil and gas company’s stock, valued at approximately $2,553,000. Citigroup Inc. owned about 0.09% of USA Compression Partners as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in USAC. CWM LLC purchased a new stake in USA Compression Partners in the third quarter valued at approximately $34,000. State of Wyoming purchased a new position in shares of USA Compression Partners during the third quarter worth approximately $64,000. Caprock Group LLC purchased a new position in shares of USA Compression Partners during the third quarter worth approximately $205,000. Ameritas Advisory Services LLC acquired a new position in shares of USA Compression Partners in the 3rd quarter valued at $216,000. Finally, Global Retirement Partners LLC acquired a new position in shares of USA Compression Partners in the 2nd quarter valued at $255,000. Institutional investors and hedge funds own 47.77% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on USAC. Wall Street Zen downgraded shares of USA Compression Partners from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Zacks Research upgraded USA Compression Partners from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. Stifel Nicolaus upped their price objective on USA Compression Partners from $27.00 to $30.00 and gave the company a “hold” rating in a research note on Wednesday, February 18th. Mizuho increased their price objective on USA Compression Partners from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Monday, January 12th. Finally, Citigroup reiterated a “neutral” rating on shares of USA Compression Partners in a research note on Tuesday, December 2nd. One analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $26.67.

USA Compression Partners Stock Performance

USAC stock opened at $27.83 on Friday. The stock has a market capitalization of $4.03 billion, a PE ratio of 33.13 and a beta of 0.22. The company has a fifty day moving average of $25.73 and a 200-day moving average of $24.36. USA Compression Partners, LP has a one year low of $21.59 and a one year high of $28.09.

USA Compression Partners (NYSE:USAC) last announced its quarterly earnings data on Tuesday, February 17th. The oil and gas company reported $0.28 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.28. USA Compression Partners had a negative return on equity of 87.34% and a net margin of 11.15%.The firm had revenue of $252.48 million for the quarter, compared to analyst estimates of $253.43 million. Equities analysts forecast that USA Compression Partners, LP will post 1.05 earnings per share for the current fiscal year.

USA Compression Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 6th. Shareholders of record on Monday, January 26th were given a dividend of $0.525 per share. The ex-dividend date was Monday, January 26th. This represents a $2.10 dividend on an annualized basis and a yield of 7.5%. USA Compression Partners’s payout ratio is presently 250.00%.

USA Compression Partners Profile

USA Compression Partners (NYSE: USAC) is a Houston-based master limited partnership specializing in natural gas compression services for oil and gas producers. The company offers a full suite of midstream compression solutions designed to enhance production flow and optimize field operations. Its core activities include the design, engineering, fabrication, installation, operation and maintenance of natural gas compression equipment onshore across key U.S. basins.

USA Compression’s product and service offerings encompass new equipment deployment, aftermarket parts and component sales, field service support, and instrumentation and control systems.