Exchange Traded Concepts LLC Sells 6,643 Shares of USA Compression Partners LP (NYSE:USAC)

Exchange Traded Concepts LLC trimmed its stake in USA Compression Partners LP (NYSE:USAC) by 7.1% during the fourth quarter, Holdings Channel reports. The fund owned 86,880 shares of the oil and gas company’s stock after selling 6,643 shares during the quarter. Exchange Traded Concepts LLC’s holdings in USA Compression Partners were worth $2,047,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Sanctuary Advisors LLC raised its stake in shares of USA Compression Partners by 9.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 9,052 shares of the oil and gas company’s stock valued at $215,000 after acquiring an additional 766 shares in the last quarter. Stifel Financial Corp bought a new position in shares of USA Compression Partners in the 3rd quarter valued at approximately $210,000. Infrastructure Capital Advisors LLC raised its stake in shares of USA Compression Partners by 14.9% in the 3rd quarter. Infrastructure Capital Advisors LLC now owns 196,206 shares of the oil and gas company’s stock valued at $4,497,000 after acquiring an additional 25,439 shares in the last quarter. Spring Capital Management LLC bought a new position in shares of USA Compression Partners in the 4th quarter valued at approximately $283,000. Finally, Hodges Capital Management Inc. raised its stake in shares of USA Compression Partners by 9.0% in the 3rd quarter. Hodges Capital Management Inc. now owns 24,306 shares of the oil and gas company’s stock valued at $557,000 after acquiring an additional 2,000 shares in the last quarter. 47.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on USAC. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $27.00 target price on shares of USA Compression Partners in a report on Friday, November 22nd. Mizuho lowered their target price 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. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $26.00.

USA Compression Partners Trading Up 2.7 %

Shares of NYSE:USAC opened at $26.29 on Monday. USA Compression Partners LP has a 1-year low of $21.06 and a 1-year high of $28.47. The firm has a market capitalization of $3.08 billion, a PE ratio of 46.13 and a beta of 1.34. The business’s 50 day moving average is $23.76 and its 200-day moving average is $23.01.

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). USA Compression Partners had a negative return on equity of 47.53% and a net margin of 9.36%. The firm had revenue of $239.97 million for the quarter, compared to analyst estimates of $238.37 million. During the same period in the previous year, the business posted $0.09 EPS. On average, sell-side analysts predict that USA Compression Partners LP will post 0.8 EPS for the current year.

USA Compression Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Monday, January 27th will be issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 7.99%. The ex-dividend date is Monday, January 27th. USA Compression Partners’s payout ratio is presently 368.42%.

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.