USA Compression Partners, LP (USAC) Stake Raised by Commonwealth of Pennsylvania Public School Empls Retrmt SYS
Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in USA Compression Partners, LP (NYSE:USAC) by 14.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 225,539 shares of the oil and gas company’s stock after purchasing an additional 28,472 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned about 0.36% of USA Compression Partners worth $3,771,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. First Trust Advisors LP acquired a new position in USA Compression Partners during the 2nd quarter worth about $12,741,000. Riverstone Holdings LLC lifted its position in USA Compression Partners by 1.9% during the 3rd quarter. Riverstone Holdings LLC now owns 24,327,534 shares of the oil and gas company’s stock worth $406,756,000 after buying an additional 444,558 shares in the last quarter. Harvest Fund Advisors LLC lifted its position in USA Compression Partners by 21.1% during the 3rd quarter. Harvest Fund Advisors LLC now owns 2,245,460 shares of the oil and gas company’s stock worth $37,544,000 after buying an additional 391,139 shares in the last quarter. Carlyle Group L.P. lifted its position in USA Compression Partners by 1.6% during the 2nd quarter. Carlyle Group L.P. now owns 24,513,196 shares of the oil and gas company’s stock worth $401,036,000 after buying an additional 378,167 shares in the last quarter. Finally, FMR LLC acquired a new position in USA Compression Partners during the 1st quarter worth about $2,162,000.
Several research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of USA Compression Partners from a “buy” rating to a “hold” rating in a research report on Saturday, November 11th. BidaskClub upgraded shares of USA Compression Partners from a “strong sell” rating to a “sell” rating in a research report on Tuesday, November 7th. Royal Bank Of Canada boosted their price objective on USA Compression Partners from $17.00 to $18.00 and gave the stock a “sector perform” rating in a report on Wednesday, November 8th. Janney Montgomery Scott began coverage on USA Compression Partners in a report on Friday, September 1st. They set a “neutral” rating and a $16.00 price objective for the company. Finally, ValuEngine cut USA Compression Partners from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $17.67.
Shares of USA Compression Partners, LP (NYSE USAC) traded up $0.09 during trading hours on Thursday, reaching $16.79. The company’s stock had a trading volume of 39,677 shares, compared to its average volume of 109,910. The company has a market cap of $1,051.18, a PE ratio of 105.94 and a beta of 1.16. USA Compression Partners, LP has a 12-month low of $14.30 and a 12-month high of $19.78. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.35 and a quick ratio of 0.74.
USA Compression Partners (NYSE:USAC) last announced its quarterly earnings data on Tuesday, November 7th. The oil and gas company reported $0.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.01). The firm had revenue of $72.79 million for the quarter, compared to the consensus estimate of $68.82 million. USA Compression Partners had a return on equity of 1.62% and a net margin of 3.63%. The business’s revenue for the quarter was up 19.1% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.04) earnings per share. sell-side analysts expect that USA Compression Partners, LP will post 0.26 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 10th. Shareholders of record on Monday, October 30th were issued a dividend of $0.525 per share. The ex-dividend date of this dividend was Friday, October 27th. This represents a $2.10 annualized dividend and a yield of 12.51%. USA Compression Partners’s dividend payout ratio is currently 1,500.00%.
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USA Compression Partners Company Profile
USA Compression Partners, LP is an independent provider of compression services in the United States. The Company provides compression services to its customers primarily in connection with infrastructure applications, including both allowing for the processing and transportation of natural gas through the domestic pipeline system and managing crude oil production through artificial lift processes.
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