Jane Street Group LLC purchased a new position in USA Compression Partners LP (NYSE:USAC) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 16,919 shares of the oil and gas company’s stock, valued at approximately $285,000.
Other large investors have also added to or reduced their stakes in the company. Stephens Inc. AR bought a new position in USA Compression Partners in the 2nd quarter worth approximately $198,000. Partnervest Advisory Services LLC bought a new position in USA Compression Partners during the 2nd quarter valued at $233,000. Ipswich Investment Management Co. Inc. bought a new position in USA Compression Partners during the 2nd quarter valued at $247,000. Wells Fargo & Company MN boosted its stake in USA Compression Partners by 41.8% during the 1st quarter. Wells Fargo & Company MN now owns 16,784 shares of the oil and gas company’s stock valued at $284,000 after purchasing an additional 4,949 shares in the last quarter. Finally, Avalon Advisors LLC boosted its stake in USA Compression Partners by 159.8% during the 1st quarter. Avalon Advisors LLC now owns 27,036 shares of the oil and gas company’s stock valued at $458,000 after purchasing an additional 16,628 shares in the last quarter. Institutional investors and hedge funds own 42.53% of the company’s stock.
Shares of NYSE USAC traded down $0.14 during mid-day trading on Friday, reaching $14.53. 239,425 shares of the company’s stock traded hands, compared to its average volume of 309,842. The stock has a market capitalization of $1.31 billion, a P/E ratio of 90.81 and a beta of 1.20. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.32 and a quick ratio of 0.86. USA Compression Partners LP has a 1-year low of $14.01 and a 1-year high of $19.33.
USA Compression Partners (NYSE:USAC) last posted its quarterly earnings results on Tuesday, November 6th. The oil and gas company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.06). USA Compression Partners had a negative net margin of 1.67% and a positive return on equity of 1.31%. The business had revenue of $168.90 million during the quarter, compared to the consensus estimate of $170.93 million. During the same period last year, the firm earned $0.07 EPS. The business’s revenue for the quarter was up 132.0% on a year-over-year basis. As a group, equities research analysts anticipate that USA Compression Partners LP will post -0.34 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 9th. Investors of record on Monday, October 29th were given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 14.45%. This is an increase from USA Compression Partners’s previous quarterly dividend of $0.51. The ex-dividend date was Friday, October 26th. USA Compression Partners’s dividend payout ratio is 1,312.50%.
Several research firms have recently weighed in on USAC. Zacks Investment Research lowered USA Compression Partners from a “buy” rating to a “hold” rating in a research note on Tuesday, September 18th. B. Riley reiterated a “buy” rating and set a $21.00 price objective on shares of USA Compression Partners in a report on Friday, August 31st. Mitsubishi UFJ Financial Group assumed coverage on shares of USA Compression Partners in a research note on Wednesday, September 5th. They issued an “overweight” rating and a $22.00 target price for the company. Royal Bank of Canada raised shares of USA Compression Partners from a “sector perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a research report on Wednesday. Finally, ValuEngine upgraded shares of USA Compression Partners from a “hold” rating to a “buy” rating in a research note on Wednesday, August 8th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. USA Compression Partners has an average rating of “Buy” and a consensus target price of $20.57.
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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.
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