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

Spring Capital Management LLC acquired a new stake in USA Compression Partners LP (NYSE:USAC) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 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. World Investment Advisors LLC boosted its position in shares of USA Compression Partners by 9.0% during the third quarter. World Investment Advisors LLC now owns 11,720 shares of the oil and gas company’s stock worth $269,000 after buying an additional 970 shares during the period. Sanctuary Advisors LLC boosted its position in USA Compression Partners by 9.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 9,052 shares of the oil and gas company’s stock worth $215,000 after acquiring an additional 766 shares during the period. Sunbelt Securities Inc. grew its stake in shares of USA Compression Partners by 16.4% in the third quarter. Sunbelt Securities Inc. now owns 5,175 shares of the oil and gas company’s stock worth $119,000 after purchasing an additional 730 shares in the last quarter. Hodges Capital Management Inc. increased its holdings in shares of USA Compression Partners by 9.0% during the third quarter. Hodges Capital Management Inc. now owns 24,306 shares of the oil and gas company’s stock valued at $557,000 after purchasing an additional 2,000 shares during the period. Finally, Stifel Financial Corp bought a new stake in shares of USA Compression Partners during the third quarter valued at about $210,000. 47.77% of the stock is currently owned by institutional investors.

USA Compression Partners Trading Up 0.8 %

Shares of USA Compression Partners stock opened at $25.75 on Friday. The company’s 50-day moving average price is $23.47 and its two-hundred day moving average price is $22.94. USA Compression Partners LP has a 52 week low of $21.06 and a 52 week high of $28.47. The stock has a market cap of $3.01 billion, a PE ratio of 45.17 and a beta of 1.34.

USA Compression Partners (NYSE:USAC) last posted its quarterly earnings results on Tuesday, November 5th. The oil and gas company reported $0.13 earnings per share (EPS) 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 business had revenue of $239.97 million during the quarter, compared to analyst estimates of $238.37 million. During the same quarter last year, the firm posted $0.09 EPS. On average, equities analysts predict that USA Compression Partners LP will post 0.8 EPS for the current fiscal year.

USA Compression Partners Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Citigroup initiated coverage on shares of USA Compression Partners in a research report on Friday, September 27th. They issued a “neutral” rating and a $23.00 target price for the company. Royal Bank of Canada reiterated a “sector perform” rating and issued a $27.00 price objective on shares of USA Compression Partners in a report on Friday, November 22nd. Finally, Mizuho dropped 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 stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $26.00.

About USA Compression Partners

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.