Penbrook Management LLC Has $944,000 Stake in USA Compression Partners, LP $USAC

Penbrook Management LLC lowered its stake in shares of USA Compression Partners, LP (NYSE:USAC) by 1.6% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 38,838 shares of the oil and gas company’s stock after selling 638 shares during the period. Penbrook Management LLC’s holdings in USA Compression Partners were worth $944,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Confluence Wealth Services Inc. acquired a new position in USA Compression Partners during the 2nd quarter valued at about $317,000. F&V Capital Management LLC boosted its stake in shares of USA Compression Partners by 5.4% in the 2nd quarter. F&V Capital Management LLC now owns 11,750 shares of the oil and gas company’s stock worth $286,000 after buying an additional 600 shares during the last quarter. GraniteShares Advisors LLC boosted its stake in shares of USA Compression Partners by 6.7% in the 2nd quarter. GraniteShares Advisors LLC now owns 118,466 shares of the oil and gas company’s stock worth $2,880,000 after buying an additional 7,403 shares during the last quarter. SeaCrest Wealth Management LLC boosted its stake in shares of USA Compression Partners by 149.0% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 24,400 shares of the oil and gas company’s stock worth $593,000 after buying an additional 14,600 shares during the last quarter. Finally, Hodges Capital Management Inc. boosted its stake in shares of USA Compression Partners by 1.9% in the 1st quarter. Hodges Capital Management Inc. now owns 26,621 shares of the oil and gas company’s stock worth $718,000 after buying an additional 500 shares during the last quarter. Institutional investors and hedge funds own 47.77% of the company’s stock.

USA Compression Partners Trading Up 1.6%

USA Compression Partners stock opened at $22.86 on Tuesday. USA Compression Partners, LP has a 12 month low of $21.24 and a 12 month high of $30.10. The business’s 50 day simple moving average is $23.83 and its 200 day simple moving average is $24.38. The company has a market cap of $2.80 billion, a price-to-earnings ratio of 34.12 and a beta of 0.35.

USA Compression Partners (NYSE:USAC) last posted its quarterly earnings data on Wednesday, August 6th. The oil and gas company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.21 by $0.01. USA Compression Partners had a negative return on equity of 71.82% and a net margin of 9.56%.The business had revenue of $250.13 million for the quarter, compared to the consensus estimate of $246.99 million. As a group, equities research analysts forecast that USA Compression Partners, LP will post 1.05 earnings per share for the current fiscal year.

USA Compression Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Monday, July 28th were paid a $0.525 dividend. The ex-dividend date was Monday, July 28th. This represents a $2.10 annualized dividend and a yield of 9.2%. USA Compression Partners’s dividend payout ratio is presently 313.43%.

Wall Street Analyst Weigh In

USAC has been the topic of a number of research analyst reports. JPMorgan Chase & Co. restated an “underweight” rating and issued a $25.00 target price (up previously from $24.00) on shares of USA Compression Partners in a research note on Monday, June 23rd. Mizuho boosted their target price on USA Compression Partners from $22.00 to $23.00 and gave the stock a “neutral” rating in a research note on Friday, August 29th. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $25.50.

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.