USA Compression Partners LP (NYSE:USAC) Stake Decreased by Bard Associates Inc.

Bard Associates Inc. lowered its stake in shares of USA Compression Partners LP (NYSE:USAC) by 1.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 199,220 shares of the oil and gas company’s stock after selling 2,030 shares during the period. USA Compression Partners accounts for 1.6% of Bard Associates Inc.’s investment portfolio, making the stock its 9th largest position. Bard Associates Inc.’s holdings in USA Compression Partners were worth $4,566,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. raised its holdings in shares of USA Compression Partners by 12.7% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 533,424 shares of the oil and gas company’s stock valued at $12,658,000 after buying an additional 60,010 shares during the period. Custom Index Systems LLC acquired a new position in USA Compression Partners in the second quarter valued at $1,329,000. Cambridge Investment Research Advisors Inc. raised its stake in USA Compression Partners by 252.1% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 44,596 shares of the oil and gas company’s stock valued at $1,058,000 after acquiring an additional 31,930 shares during the last quarter. GraniteShares Advisors LLC raised its stake in shares of 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 purchasing an additional 10,146 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of USA Compression Partners in the 2nd quarter worth $204,000. Hedge funds and other institutional investors own 47.77% of the company’s stock.

Insider Buying and Selling at USA Compression Partners

In other news, insider Eric D. Long sold 21,396 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $22.27, for a total transaction of $476,488.92. Following the completion of the transaction, the insider now owns 1,786 shares in the company, valued at approximately $39,774.22. This trade represents a 92.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Wall Street Analyst Weigh In

Several brokerages have commented on USAC. Citigroup started coverage on shares of USA Compression Partners in a research report on Friday, September 27th. They set a “neutral” rating and a $23.00 target price on the stock. Mizuho cut 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 report on Wednesday, October 2nd. Finally, Royal Bank of Canada upped their price target on USA Compression Partners from $26.00 to $27.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 16th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, USA Compression Partners currently has a consensus rating of “Hold” and an average target price of $26.00.

USA Compression Partners Trading Down 0.4 %

USAC opened at $22.95 on Friday. The company has a fifty day simple moving average of $22.54 and a 200 day simple moving average of $23.13. The firm has a market cap of $2.69 billion, a price-to-earnings ratio of 40.26 and a beta of 1.32. 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). USA Compression Partners had a negative return on equity of 47.53% and a net margin of 9.36%. The company had revenue of $239.97 million for the quarter, compared to analyst estimates of $238.37 million. During the same period in the prior year, the business earned $0.09 earnings per share. On average, analysts forecast that USA Compression Partners LP will post 0.81 earnings per share for the current fiscal year.

USA Compression Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Monday, October 21st were issued a dividend of $0.525 per share. The ex-dividend date was Monday, October 21st. This represents a $2.10 dividend on an annualized basis and a dividend yield of 9.15%. USA Compression Partners’s dividend payout ratio (DPR) is 368.43%.

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.