Mirae Asset Global Investments Co. Ltd. acquired a new stake in USA Compression Partners LP (NYSE:USAC) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,002 shares of the oil and gas company’s stock, valued at approximately $156,000.

Other institutional investors have also made changes to their positions in the company. Fort Washington Investment Advisors Inc. OH increased its holdings in shares of USA Compression Partners by 39.2% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 24,500 shares of the oil and gas company’s stock worth $318,000 after purchasing an additional 6,900 shares during the last quarter. Arrow Investment Advisors LLC increased its holdings in shares of USA Compression Partners by 2.5% in the fourth quarter. Arrow Investment Advisors LLC now owns 29,487 shares of the oil and gas company’s stock worth $383,000 after purchasing an additional 727 shares during the last quarter. Wiley BROS. Aintree Capital LLC bought a new stake in shares of USA Compression Partners in the fourth quarter worth about $437,000. Lucas Capital Management increased its holdings in shares of USA Compression Partners by 19.0% in the fourth quarter. Lucas Capital Management now owns 35,182 shares of the oil and gas company’s stock worth $457,000 after purchasing an additional 5,610 shares during the last quarter. Finally, Stockman Wealth Management Inc. increased its holdings in shares of USA Compression Partners by 2.8% in the fourth quarter. Stockman Wealth Management Inc. now owns 58,902 shares of the oil and gas company’s stock worth $765,000 after purchasing an additional 1,600 shares during the last quarter. Institutional investors and hedge funds own 34.70% of the company’s stock.

Shares of NYSE USAC opened at $15.90 on Thursday. The company has a current ratio of 1.46, a quick ratio of 0.86 and a debt-to-equity ratio of 1.28. USA Compression Partners LP has a 1-year low of $12.09 and a 1-year high of $19.28. The company has a market cap of $1.43 billion, a price-to-earnings ratio of -36.98 and a beta of 1.38.

USA Compression Partners (NYSE:USAC) last issued its quarterly earnings data on Tuesday, February 19th. The oil and gas company reported $0.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.06. USA Compression Partners had a positive return on equity of 1.57% and a negative net margin of 0.44%. The company had revenue of $172.00 million for the quarter, compared to analysts’ expectations of $170.78 million. During the same period in the previous year, the firm posted $0.07 earnings per share. The firm’s revenue for the quarter was up 128.1% on a year-over-year basis. As a group, analysts predict that USA Compression Partners LP will post -0.07 EPS for the current fiscal year.

Several brokerages have recently issued reports on USAC. Zacks Investment Research raised USA Compression Partners from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a report on Thursday, March 14th. B. Riley set a $22.00 target price on USA Compression Partners and gave the stock a “buy” rating in a report on Wednesday, February 20th. UBS Group cut USA Compression Partners from a “buy” rating to a “neutral” rating in a report on Thursday, January 3rd. Finally, ValuEngine cut USA Compression Partners from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. USA Compression Partners has an average rating of “Buy” and an average target price of $20.20.

WARNING: “Mirae Asset Global Investments Co. Ltd. Acquires Shares of 12,002 USA Compression Partners LP (USAC)” was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this article on another publication, it was stolen and reposted in violation of United States & international copyright laws. The correct version of this article can be viewed at https://www.thecerbatgem.com/2019/03/21/mirae-asset-global-investments-co-ltd-acquires-shares-of-12002-usa-compression-partners-lp-usac.html.

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.

Recommended Story: What are the advantages of the Stochastic Momentum Index?

Want to see what other hedge funds are holding USAC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for USA Compression Partners LP (NYSE:USAC).

Institutional Ownership by Quarter for USA Compression Partners (NYSE:USAC)

Receive News & Ratings for USA Compression Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for USA Compression Partners and related companies with MarketBeat.com's FREE daily email newsletter.