Infrastructure Capital Advisors LLC Buys 25,439 Shares of USA Compression Partners LP (NYSE:USAC)

Infrastructure Capital Advisors LLC increased its stake in shares of USA Compression Partners LP (NYSE:USAC) by 14.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 196,206 shares of the oil and gas company’s stock after acquiring an additional 25,439 shares during the quarter. Infrastructure Capital Advisors LLC’s holdings in USA Compression Partners were worth $4,497,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Raymond James Financial Services Advisors Inc. boosted its stake in USA Compression Partners by 12.7% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 533,424 shares of the oil and gas company’s stock worth $12,658,000 after acquiring an additional 60,010 shares in the last quarter. Custom Index Systems LLC bought a new position in USA Compression Partners during the second quarter worth $1,329,000. Cambridge Investment Research Advisors Inc. boosted its stake in USA Compression Partners by 252.1% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 44,596 shares of the oil and gas company’s stock worth $1,058,000 after acquiring an additional 31,930 shares in the last quarter. GraniteShares Advisors LLC boosted its stake in USA Compression Partners by 14.3% during the second quarter. GraniteShares Advisors LLC now owns 81,336 shares of the oil and gas company’s stock worth $1,930,000 after acquiring an additional 10,146 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new position in USA Compression Partners during the second quarter worth $204,000. 47.77% of the stock is owned by institutional investors.

USA Compression Partners Price Performance

USAC opened at $23.93 on Friday. The company’s 50-day moving average is $22.81 and its 200 day moving average is $23.07. USA Compression Partners LP has a fifty-two week low of $21.06 and a fifty-two week high of $28.47. The firm has a market capitalization of $2.80 billion, a P/E ratio of 41.98 and a beta of 1.32.

USA Compression Partners (NYSE:USAC) last released its quarterly earnings results on Tuesday, November 5th. The oil and gas company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.07). USA Compression Partners had a net margin of 9.36% and a negative return on equity of 47.53%. The firm had revenue of $239.97 million for the quarter, compared to the consensus estimate of $238.37 million. During the same period in the previous year, the business earned $0.09 earnings per share. On average, equities research analysts expect that USA Compression Partners LP will post 0.8 earnings per share for the current year.

USA Compression Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Monday, October 21st were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 8.78%. The ex-dividend date was Monday, October 21st. USA Compression Partners’s payout ratio is currently 368.43%.

Analysts Set New Price Targets

A number of research analysts have weighed in on USAC shares. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $27.00 price objective on shares of USA Compression Partners in a research note on Friday, November 22nd. Mizuho dropped their price objective on shares of USA Compression Partners from $25.00 to $24.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 2nd. Finally, Citigroup started coverage on shares of USA Compression Partners in a research note on Friday, September 27th. They issued a “neutral” rating and a $23.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $26.00.

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.