Spring Capital Management LLC Invests $283,000 in USA Compression Partners LP (NYSE:USAC)

Spring Capital Management LLC purchased a new stake in USA Compression Partners LP (NYSE:USAC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 12,000 shares of the oil and gas company’s stock, valued at approximately $283,000.

Several other hedge funds have also recently bought and sold shares of USAC. Allworth Financial LP lifted its stake in shares of USA Compression Partners by 3,054.8% during the third quarter. Allworth Financial LP now owns 1,325 shares of the oil and gas company’s stock worth $30,000 after purchasing an additional 1,283 shares in the last quarter. Sunbelt Securities Inc. raised its holdings in shares of USA Compression Partners by 12.2% during the 2nd quarter. Sunbelt Securities Inc. now owns 4,445 shares of the oil and gas company’s stock valued at $105,000 after buying an additional 485 shares during the period. Sanctuary Advisors LLC purchased a new position in USA Compression Partners in the 2nd quarter worth approximately $204,000. Stifel Financial Corp purchased a new position in USA Compression Partners in the 3rd quarter worth approximately $210,000. Finally, Seelaus Asset Management LLC grew its position 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 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 Trading Up 0.8 %

USAC stock opened at $25.75 on Friday. The company has a market capitalization of $3.01 billion, a P/E ratio of 45.17 and a beta of 1.34. The firm has a 50 day simple moving average of $23.47 and a 200-day simple moving average of $22.94. USA Compression Partners LP has a twelve month low of $21.06 and a twelve month high of $28.47.

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

USA Compression Partners Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Monday, January 27th will be paid a $0.525 dividend. The ex-dividend date is Monday, January 27th. This represents a $2.10 dividend on an annualized basis and a yield of 8.16%. USA Compression Partners’s payout ratio is currently 368.43%.

Analyst Ratings Changes

Several research analysts have recently weighed in on USAC shares. Royal Bank of Canada restated a “sector perform” rating and issued a $27.00 target price on shares of USA Compression Partners in a research note on Friday, November 22nd. Citigroup began coverage on shares of USA Compression Partners in a report on Friday, September 27th. They issued a “neutral” rating and a $23.00 price objective on the stock. Finally, Mizuho lowered their target price on USA Compression Partners from $25.00 to $24.00 and set a “neutral” rating for the company in a research note on Wednesday, October 2nd. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $26.00.

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.