ING Groep NV Purchases 97,700 Shares of USA Compression Partners, LP $USAC

ING Groep NV increased its position in USA Compression Partners, LP (NYSE:USAC) by 45.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 312,600 shares of the oil and gas company’s stock after purchasing an additional 97,700 shares during the period. ING Groep NV owned approximately 0.25% of USA Compression Partners worth $7,190,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. BNP Paribas Financial Markets lifted its holdings in shares of USA Compression Partners by 233.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,443 shares of the oil and gas company’s stock worth $35,000 after purchasing an additional 1,010 shares in the last quarter. State of Wyoming bought a new position in shares of USA Compression Partners in the 3rd quarter worth $64,000. Caprock Group LLC bought a new position in shares of USA Compression Partners in the 3rd quarter worth $205,000. Ameritas Advisory Services LLC bought a new position in USA Compression Partners during the 3rd quarter valued at $216,000. Finally, Texas Yale Capital Corp. bought a new position in USA Compression Partners during the 4th quarter valued at $224,000. 47.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Texas Capital upgraded USA Compression Partners from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 9th. Zacks Research cut USA Compression Partners from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 16th. Citigroup raised their price objective on USA Compression Partners from $26.00 to $28.00 and gave the company a “neutral” rating in a research note on Wednesday, May 13th. Stifel Nicolaus raised their price objective on USA Compression Partners from $27.00 to $30.00 and gave the company a “hold” rating in a research note on Wednesday, February 18th. Finally, Wall Street Zen cut USA Compression Partners from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. One research analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $27.60.

USA Compression Partners Price Performance

Shares of NYSE:USAC opened at $27.88 on Tuesday. The stock has a market cap of $4.04 billion, a PE ratio of 28.74 and a beta of 0.21. USA Compression Partners, LP has a 1-year low of $21.85 and a 1-year high of $30.55. The company has a current ratio of 1.55, a quick ratio of 0.86 and a debt-to-equity ratio of 9.41. The stock’s fifty day simple moving average is $27.92 and its two-hundred day simple moving average is $26.38.

USA Compression Partners (NYSE:USAC) last released its earnings results on Tuesday, May 5th. The oil and gas company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.08). The business had revenue of $331.28 million for the quarter, compared to the consensus estimate of $308.35 million. USA Compression Partners had a negative return on equity of 807.33% and a net margin of 11.91%. As a group, analysts forecast that USA Compression Partners, LP will post 1.21 EPS for the current fiscal year.

USA Compression Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Monday, April 27th were paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date was Monday, April 27th. USA Compression Partners’s payout ratio is presently 216.49%.

About USA Compression Partners

USA Compression Partners (NYSE: USAC) is a Houston-based master limited partnership specializing in natural gas compression services for oil and gas producers. The company offers a full suite of midstream compression solutions designed to enhance production flow and optimize field operations. Its core activities include the design, engineering, fabrication, installation, operation and maintenance of natural gas compression equipment onshore across key U.S. basins.

USA Compression’s product and service offerings encompass new equipment deployment, aftermarket parts and component sales, field service support, and instrumentation and control systems.