SeaCrest Wealth Management LLC Buys Shares of 9,800 USA Compression Partners LP (NYSE:USAC)

SeaCrest Wealth Management LLC bought a new stake in shares of USA Compression Partners LP (NYSE:USAC) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 9,800 shares of the oil and gas company’s stock, valued at approximately $264,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Cetera Investment Advisers grew its stake in shares of USA Compression Partners by 12.8% in the 4th quarter. Cetera Investment Advisers now owns 31,911 shares of the oil and gas company’s stock worth $752,000 after buying an additional 3,621 shares during the last quarter. Jane Street Group LLC boosted its holdings in USA Compression Partners by 236.0% in the fourth quarter. Jane Street Group LLC now owns 130,270 shares of the oil and gas company’s stock worth $3,069,000 after acquiring an additional 91,499 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of USA Compression Partners in the fourth quarter worth $919,000. Stifel Financial Corp grew its stake in shares of USA Compression Partners by 20.8% in the fourth quarter. Stifel Financial Corp now owns 11,080 shares of the oil and gas company’s stock worth $261,000 after acquiring an additional 1,905 shares during the last quarter. Finally, Tradition Wealth Management LLC bought a new position in shares of USA Compression Partners during the fourth quarter valued at $207,000. 47.77% of the stock is owned by institutional investors.

Insider Buying and Selling at USA Compression Partners

In other news, Director Bradford D. Whitehurst bought 10,000 shares of the company’s stock in a transaction on Thursday, May 8th. The shares were acquired at an average cost of $23.50 per share, with a total value of $235,000.00. Following the completion of the transaction, the director now owns 23,616 shares of the company’s stock, valued at approximately $554,976. This trade represents a 73.44% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on USAC. Citigroup lifted their price target on USA Compression Partners from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. lifted their target price on shares of USA Compression Partners from $23.00 to $24.00 and gave the stock an “underweight” rating in a report on Tuesday, March 11th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $26.00.

USA Compression Partners Price Performance

Shares of NYSE:USAC opened at $25.93 on Monday. 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 $3.05 billion, a P/E ratio of 35.52 and a beta of 0.40. The stock’s fifty day moving average price is $24.66 and its 200-day moving average price is $25.16.

USA Compression Partners (NYSE:USAC) last posted its earnings results on Tuesday, May 6th. The oil and gas company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.04). USA Compression Partners had a net margin of 10.48% and a negative return on equity of 62.46%. The company had revenue of $245.23 million for the quarter, compared to the consensus estimate of $244.79 million. On average, sell-side analysts anticipate that USA Compression Partners LP will post 1.05 earnings per share for the current year.

USA Compression Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Monday, April 28th were given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 8.10%. The ex-dividend date of this dividend was Monday, April 28th. This is an increase from USA Compression Partners’s previous quarterly dividend of $0.51. USA Compression Partners’s payout ratio is 308.82%.

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.