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

ING Groep NV lifted its holdings in shares of USA Compression Partners, LP (NYSE:USAC) by 45.5% during the fourth quarter, HoldingsChannel reports. The firm owned 312,600 shares of the oil and gas company’s stock after purchasing an additional 97,700 shares during the quarter. ING Groep NV’s holdings in USA Compression Partners were worth $7,190,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in USAC. BNP Paribas Financial Markets raised its stake in shares of USA Compression Partners by 233.3% during 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 during the period. State of Wyoming purchased a new stake in USA Compression Partners in the 3rd quarter worth about $64,000. Caprock Group LLC purchased a new stake in USA Compression Partners in the 3rd quarter worth about $205,000. Ameritas Advisory Services LLC purchased a new stake in USA Compression Partners in the 3rd quarter worth about $216,000. Finally, Texas Yale Capital Corp. purchased a new stake in USA Compression Partners in the 4th quarter worth about $224,000. 47.77% of the stock is currently owned by institutional investors.

USA Compression Partners Stock Up 0.1%

USAC stock opened at $27.88 on Tuesday. The company has a quick ratio of 0.86, a current ratio of 1.55 and a debt-to-equity ratio of 9.41. The firm has a market capitalization of $4.04 billion, a PE ratio of 28.74 and a beta of 0.21. USA Compression Partners, LP has a twelve month low of $21.85 and a twelve month high of $30.55. The stock has a 50-day simple moving average of $27.92 and a two-hundred day simple moving average of $26.38.

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

USA Compression Partners Dividend Announcement

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

Analyst Ratings Changes

USAC has been the subject of several recent research reports. Royal Bank Of Canada lifted their price objective on USA Compression Partners from $29.00 to $30.00 and gave the stock a “sector perform” rating in a report on Friday. Texas Capital raised USA Compression Partners from a “hold” rating to a “strong-buy” rating in a report on Monday, March 9th. Wall Street Zen lowered USA Compression Partners from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Citigroup lifted their price objective on USA Compression Partners from $26.00 to $28.00 and gave the stock a “neutral” rating in a report on Wednesday, May 13th. Finally, Zacks Research lowered USA Compression Partners from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, USA Compression Partners currently has an average rating of “Hold” and an average price target of $27.60.

USA Compression Partners Profile

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.