Raymond James Financial Inc. Makes New Investment in USA Compression Partners LP (NYSE:USAC)

Raymond James Financial Inc. bought a new position in USA Compression Partners LP (NYSE:USAC) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 590,214 shares of the oil and gas company’s stock, valued at approximately $13,905,000. Raymond James Financial Inc. owned 0.50% of USA Compression Partners as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Sunbelt Securities Inc. increased its position in shares of USA Compression Partners by 16.4% during the third quarter. Sunbelt Securities Inc. now owns 5,175 shares of the oil and gas company’s stock worth $119,000 after acquiring an additional 730 shares in the last quarter. TSA Wealth Managment LLC bought a new stake in shares of USA Compression Partners during the fourth quarter worth $205,000. SVB Wealth LLC bought a new stake in shares of USA Compression Partners during the fourth quarter worth $207,000. Sanctuary Advisors LLC increased its position in shares of USA Compression Partners by 9.2% during the third 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 in the last quarter. Finally, Stifel Financial Corp bought a new stake in shares of USA Compression Partners during the third quarter worth $210,000. 47.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on USAC shares. JPMorgan Chase & Co. increased their price objective on shares of USA Compression Partners from $23.00 to $24.00 and gave the stock an “underweight” rating in a research report on Tuesday, March 11th. Mizuho raised their target price on shares of USA Compression Partners from $24.00 to $26.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Citigroup raised their target price on shares of USA Compression Partners from $24.00 to $27.00 and gave the company a “neutral” rating in a research report on Tuesday, February 25th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $27.00 target price on shares of USA Compression Partners in a research report on Friday, November 22nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $26.80.

USA Compression Partners Trading Up 1.1 %

USA Compression Partners stock opened at $27.17 on Wednesday. The company has a fifty day simple moving average of $26.50 and a 200 day simple moving average of $24.13. USA Compression Partners LP has a 1-year low of $21.06 and a 1-year high of $30.10. The company has a market cap of $3.19 billion, a P/E ratio of 37.22 and a beta of 1.31.

USA Compression Partners (NYSE:USAC) last announced its quarterly earnings data on Tuesday, February 11th. The oil and gas company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.06). USA Compression Partners had a net margin of 10.48% and a negative return on equity of 62.46%. On average, equities research analysts forecast that USA Compression Partners LP will post 1.05 EPS for the current year.

USA Compression Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Monday, January 27th were given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 7.73%. The ex-dividend date of this dividend was Monday, January 27th. USA Compression Partners’s dividend payout ratio (DPR) is presently 287.67%.

USA Compression Partners 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.