Alps Advisors Inc. Buys 1,500,640 Shares of USA Compression Partners, LP $USAC

Alps Advisors Inc. boosted its stake in USA Compression Partners, LP (NYSE:USAC) by 9.6% in the third quarter, Holdings Channel reports. The firm owned 17,105,738 shares of the oil and gas company’s stock after purchasing an additional 1,500,640 shares during the quarter. USA Compression Partners accounts for about 2.3% of Alps Advisors Inc.’s investment portfolio, making the stock its 9th largest position. Alps Advisors Inc. owned 0.14% of USA Compression Partners worth $410,538,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the business. CWM LLC acquired a new position in shares of USA Compression Partners during the third quarter worth $34,000. State of Wyoming acquired a new position in USA Compression Partners during the 3rd quarter worth about $64,000. Global Retirement Partners LLC bought a new stake in shares of USA Compression Partners in the 2nd quarter valued at about $255,000. MGO One Seven LLC acquired a new stake in shares of USA Compression Partners in the third quarter valued at about $307,000. Finally, D.A. Davidson & CO. increased its stake in shares of USA Compression Partners by 15.6% in the second quarter. D.A. Davidson & CO. now owns 23,227 shares of the oil and gas company’s stock valued at $565,000 after buying an additional 3,129 shares during the period. Institutional investors own 47.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on USAC. Citigroup reissued a “neutral” rating on shares of USA Compression Partners in a research report on Tuesday, December 2nd. Zacks Research downgraded USA Compression Partners from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Mizuho raised their price objective on USA Compression Partners from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Monday, January 12th. Finally, Wall Street Zen upgraded USA Compression Partners from a “hold” rating to a “buy” rating in a report on Saturday. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $25.67.

USA Compression Partners Price Performance

USAC opened at $26.35 on Friday. USA Compression Partners, LP has a fifty-two week low of $21.59 and a fifty-two week high of $30.10. The firm has a market capitalization of $3.23 billion, a PE ratio of 32.94 and a beta of 0.23. The company’s 50-day moving average is $24.48 and its 200 day moving average is $23.95.

USA Compression Partners (NYSE:USAC) last released its quarterly earnings results on Wednesday, November 5th. The oil and gas company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.04. The business had revenue of $250.26 million during the quarter, compared to the consensus estimate of $250.23 million. USA Compression Partners had a negative return on equity of 76.84% and a net margin of 10.99%. As a group, analysts expect that USA Compression Partners, LP will post 1.05 EPS for the current year.

USA Compression Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 6th. Investors of record on Monday, January 26th were given a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, January 26th. This represents a $2.10 annualized dividend and a dividend yield of 8.0%. USA Compression Partners’s payout ratio is presently 262.50%.

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.