Transce3nd LLC acquired a new position in USA Compression Partners LP (NYSE:USAC - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 43,969 shares of the oil and gas company's stock, valued at approximately $1,036,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in USAC. XTX Topco Ltd acquired a new position in shares of USA Compression Partners during the 4th quarter worth about $577,000. Raymond James Financial Inc. purchased a new position in USA Compression Partners in the fourth quarter valued at approximately $13,905,000. Invesco Ltd. increased its stake in USA Compression Partners by 0.9% in the fourth quarter. Invesco Ltd. now owns 12,274,451 shares of the oil and gas company's stock valued at $289,186,000 after purchasing an additional 107,058 shares during the last quarter. World Investment Advisors lifted its position in shares of USA Compression Partners by 21.3% during the 4th quarter. World Investment Advisors now owns 14,220 shares of the oil and gas company's stock worth $335,000 after buying an additional 2,500 shares during the last quarter. Finally, Brown Brothers Harriman & Co. purchased a new stake in shares of USA Compression Partners during the 4th quarter worth approximately $95,000. Institutional investors and hedge funds own 47.77% of the company's stock.
USA Compression Partners Stock Performance
USAC traded up $0.44 during trading on Thursday, hitting $25.54. The stock had a trading volume of 104,596 shares, compared to its average volume of 350,613. The firm has a market capitalization of $3.00 billion, a P/E ratio of 34.99 and a beta of 0.84. USA Compression Partners LP has a twelve month low of $21.06 and a twelve month high of $30.10. The company's 50-day moving average price is $25.99 and its 200 day moving average price is $24.64.
USA Compression Partners (NYSE:USAC - Get Free Report) last issued its earnings results on Tuesday, February 11th. The oil and gas company reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by ($0.06). USA Compression Partners had a negative return on equity of 62.46% and a net margin of 10.48%. As a group, equities analysts expect that USA Compression Partners LP will post 1.05 earnings per share for the current fiscal year.
USA Compression Partners Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Monday, April 28th will be given a dividend of $0.525 per share. This is a positive change from USA Compression Partners's previous quarterly dividend of $0.51. This represents a $2.10 annualized dividend and a dividend yield of 8.22%. The ex-dividend date of this dividend is Monday, April 28th. USA Compression Partners's payout ratio is presently 287.67%.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on USAC. Mizuho lifted their price target on shares of USA Compression Partners from $24.00 to $26.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. upped their target price on USA Compression Partners from $23.00 to $24.00 and gave the company an "underweight" rating in a research report on Tuesday, March 11th. Finally, Citigroup lifted their price target on USA Compression Partners from $24.00 to $27.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company's stock. According to data from MarketBeat.com, USA Compression Partners has an average rating of "Hold" and a consensus price target of $26.00.
Check Out Our Latest Research Report on USA Compression Partners
About USA Compression Partners
(
Free Report)
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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