Wells Fargo & Company MN raised its position in shares of USA Compression Partners LP (NYSE:USAC) by 16.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,708 shares of the oil and gas company’s stock after purchasing an additional 1,405 shares during the period. Wells Fargo & Company MN’s holdings in USA Compression Partners were worth $173,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Winslow Evans & Crocker Inc. bought a new position in shares of USA Compression Partners in the 2nd quarter worth $34,000. SG Americas Securities LLC bought a new position in shares of USA Compression Partners in the 2nd quarter worth $145,000. Stephens Inc. AR bought a new position in shares of USA Compression Partners in the 2nd quarter worth $178,000. Walnut Private Equity Partners LLC bought a new position in shares of USA Compression Partners in the 2nd quarter worth $358,000. Finally, Seelaus Asset Management LLC raised its position in shares of USA Compression Partners by 166.9% in the 2nd quarter. Seelaus Asset Management LLC now owns 41,500 shares of the oil and gas company’s stock worth $737,000 after acquiring an additional 25,950 shares in the last quarter. 31.07% of the stock is owned by institutional investors and hedge funds.
Shares of USAC stock opened at $17.09 on Friday. USA Compression Partners LP has a 1-year low of $12.09 and a 1-year high of $19.00. The stock’s fifty day moving average price is $16.66 and its 200 day moving average price is $17.01. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 1.36.
USA Compression Partners (NYSE:USAC) last announced its earnings results on Tuesday, August 6th. The oil and gas company reported $0.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.03. USA Compression Partners had a return on equity of 1.93% and a net margin of 3.82%. The firm had revenue of $173.70 million for the quarter, compared to the consensus estimate of $172.87 million. During the same period in the previous year, the business earned ($0.10) EPS. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. Sell-side analysts expect that USA Compression Partners LP will post -0.09 EPS for the current fiscal year.
Several research analysts have recently commented on USAC shares. Zacks Investment Research raised USA Compression Partners from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research report on Friday. Royal Bank of Canada set a $18.00 price target on USA Compression Partners and gave the stock a “buy” rating in a research report on Wednesday, August 7th. ValuEngine upgraded USA Compression Partners from a “hold” rating to a “buy” rating in a research note on Tuesday, October 1st. UBS Group set a $17.00 target price on USA Compression Partners and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Finally, TheStreet downgraded USA Compression Partners from a “c-” rating to a “d” rating in a research note on Wednesday, August 28th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $18.67.
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.
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