Sunbelt Securities Inc. Grows Position in USA Compression Partners LP (NYSE:USAC)

Sunbelt Securities Inc. raised its position in USA Compression Partners LP (NYSE:USAC) by 16.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,175 shares of the oil and gas company’s stock after acquiring an additional 730 shares during the quarter. Sunbelt Securities Inc.’s holdings in USA Compression Partners were worth $119,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Allworth Financial LP increased its position in shares of USA Compression Partners by 3,054.8% in the 3rd 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. Sanctuary Advisors LLC acquired a new position in shares of USA Compression Partners during the second quarter worth $204,000. Stifel Financial Corp purchased a new position in USA Compression Partners in the third quarter valued at $210,000. Seelaus Asset Management LLC raised its stake 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 valued at $258,000 after buying an additional 500 shares in the last quarter. Finally, D.A. Davidson & CO. purchased a new stake in USA Compression Partners during the 3rd quarter worth about $279,000. Hedge funds and other institutional investors own 47.77% of the company’s stock.

USA Compression Partners Stock Performance

USA Compression Partners stock opened at $22.82 on Friday. The company has a market capitalization of $2.67 billion, a P/E ratio of 40.04 and a beta of 1.34. USA Compression Partners LP has a fifty-two week low of $21.06 and a fifty-two week high of $28.47. The stock has a 50-day simple moving average of $22.90 and a 200-day simple moving average of $23.00.

USA Compression Partners (NYSE:USAC) last issued its quarterly earnings data 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). The firm had revenue of $239.97 million during the quarter, compared to analysts’ expectations of $238.37 million. USA Compression Partners had a net margin of 9.36% and a negative return on equity of 47.53%. During the same quarter in the prior year, the firm posted $0.09 EPS. As a group, analysts forecast that USA Compression Partners LP will post 0.8 earnings per share for the current year.

USA Compression Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Monday, October 21st were given a $0.525 dividend. The ex-dividend date was Monday, October 21st. This represents a $2.10 annualized dividend and a yield of 9.20%. USA Compression Partners’s dividend payout ratio (DPR) is 368.43%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Mizuho dropped their price objective on USA Compression Partners from $25.00 to $24.00 and set a “neutral” rating on the stock in a report on Wednesday, October 2nd. Citigroup began 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 target on the stock. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $27.00 price objective on shares of USA Compression Partners in a research report on Friday, November 22nd. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, USA Compression Partners currently has a consensus rating of “Hold” and a consensus target price of $26.00.

USA Compression Partners 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.