D.A. Davidson & CO. Boosts Stock Position in USA Compression Partners LP (NYSE:USAC)

D.A. Davidson & CO. raised its stake in USA Compression Partners LP (NYSE:USAC) by 61.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,628 shares of the oil and gas company’s stock after purchasing an additional 7,442 shares during the period. D.A. Davidson & CO.’s holdings in USA Compression Partners were worth $462,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allworth Financial LP grew its stake in USA Compression Partners by 3,054.8% in the third quarter. Allworth Financial LP now owns 1,325 shares of the oil and gas company’s stock valued at $30,000 after purchasing an additional 1,283 shares during the last quarter. Sunbelt Securities Inc. boosted its holdings in USA Compression Partners by 16.4% in the third quarter. Sunbelt Securities Inc. now owns 5,175 shares of the oil and gas company’s stock worth $119,000 after acquiring an additional 730 shares in the last quarter. Stifel Financial Corp acquired a new stake in USA Compression Partners in the third quarter worth about $210,000. Sanctuary Advisors LLC boosted its holdings in USA Compression Partners by 9.2% in the third quarter. Sanctuary Advisors LLC now owns 9,052 shares of the oil and gas company’s stock worth $215,000 after acquiring an additional 766 shares in the last quarter. Finally, Seelaus Asset Management LLC boosted its holdings in USA Compression Partners by 4.6% in the third quarter. Seelaus Asset Management LLC now owns 11,278 shares of the oil and gas company’s stock worth $258,000 after acquiring an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 47.77% of the company’s stock.

USA Compression Partners Stock Down 1.6 %

Shares of NYSE USAC opened at $27.29 on Wednesday. The business’s 50 day moving average price is $25.51 and its 200 day moving average price is $23.66. The firm has a market cap of $3.21 billion, a P/E ratio of 37.38 and a beta of 1.34. USA Compression Partners LP has a 52 week low of $21.06 and a 52 week high of $30.10.

USA Compression Partners (NYSE:USAC) last issued its earnings results on Tuesday, February 11th. The oil and gas company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.06). USA Compression Partners had a net margin of 10.48% and a negative return on equity of 62.46%. As a group, research analysts expect that USA Compression Partners LP will post 1.05 earnings per share for the current year.

USA Compression Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Monday, January 27th were given a $0.525 dividend. The ex-dividend date of this dividend was Monday, January 27th. This represents a $2.10 dividend on an annualized basis and a yield of 7.69%. USA Compression Partners’s dividend payout ratio is currently 287.67%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on USAC shares. Citigroup raised their price target on USA Compression Partners from $24.00 to $27.00 and gave the stock a “neutral” rating in a report on Tuesday. Royal Bank of Canada reissued a “sector perform” rating and issued a $27.00 price target on shares of USA Compression Partners in a report on Friday, November 22nd. Finally, Mizuho raised their price target on USA Compression Partners from $24.00 to $26.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, USA Compression Partners currently has a consensus rating of “Hold” and an average target price of $27.50.

USA Compression Partners Company 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.