Childress Capital Advisors LLC Increases Position in USA Compression Partners LP (NYSE:USAC)

Childress Capital Advisors LLC raised its position in shares of USA Compression Partners LP (NYSE:USAC) by 61.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,250 shares of the oil and gas company’s stock after purchasing an additional 11,850 shares during the period. Childress Capital Advisors LLC’s holdings in USA Compression Partners were worth $716,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in USAC. Sunbelt Securities Inc. boosted its stake in shares of USA Compression Partners by 12.2% in the 2nd quarter. Sunbelt Securities Inc. now owns 4,445 shares of the oil and gas company’s stock valued at $105,000 after purchasing an additional 485 shares in the last quarter. Allworth Financial LP grew its stake in shares of USA Compression Partners by 3,054.8% during the third quarter. Allworth Financial LP now owns 1,325 shares of the oil and gas company’s stock valued at $30,000 after buying an additional 1,283 shares during the last quarter. Objectivity Squared LLC increased its holdings in shares of USA Compression Partners by 2.1% in the second quarter. Objectivity Squared LLC now owns 202,199 shares of the oil and gas company’s stock worth $4,986,000 after buying an additional 4,228 shares during the period. CFM Wealth Partners LLC lifted its stake in shares of USA Compression Partners by 12.1% in the 2nd quarter. CFM Wealth Partners LLC now owns 75,796 shares of the oil and gas company’s stock valued at $1,799,000 after acquiring an additional 8,203 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in shares of USA Compression Partners in the 2nd quarter valued at about $204,000. Hedge funds and other institutional investors own 47.77% of the company’s stock.

Insiders Place Their Bets

In other news, insider Eric D. Long sold 1,786 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $22.81, for a total transaction of $40,738.66. Following the sale, the insider now owns 307,026 shares in the company, valued at approximately $7,003,263.06. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Eric D. Long sold 21,396 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $22.27, for a total value of $476,488.92. Following the sale, the insider now owns 1,786 shares in the company, valued at $39,774.22. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Eric D. Long sold 1,786 shares of USA Compression Partners stock in a transaction on Monday, August 26th. The shares were sold at an average price of $22.81, for a total value of $40,738.66. Following the transaction, the insider now owns 307,026 shares of the company’s stock, valued at $7,003,263.06. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here.

USA Compression Partners Trading Up 0.4 %

Shares of NYSE USAC opened at $22.21 on Wednesday. The firm has a fifty day simple moving average of $22.47 and a two-hundred day simple moving average of $23.31. USA Compression Partners LP has a 12 month low of $21.06 and a 12 month high of $28.47. The firm has a market capitalization of $2.60 billion, a PE ratio of 41.91 and a beta of 1.32.

USA Compression Partners (NYSE:USAC) last released its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. The company had revenue of $235.31 million during the quarter, compared to the consensus estimate of $232.86 million. USA Compression Partners had a net margin of 9.77% and a negative return on equity of 40.62%. On average, sell-side analysts predict that USA Compression Partners LP will post 0.82 earnings per share for the current year.

USA Compression Partners Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Monday, October 21st will be paid a $0.525 dividend. The ex-dividend date is Monday, October 21st. This represents a $2.10 annualized dividend and a yield of 9.46%. USA Compression Partners’s payout ratio is 396.23%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Mizuho lowered their price objective on USA Compression Partners from $25.00 to $24.00 and set a “neutral” rating for the company in a research report on Wednesday, October 2nd. StockNews.com lowered shares of USA Compression Partners from a “buy” rating to a “hold” rating in a report on Thursday, July 11th. Citigroup initiated coverage on shares of USA Compression Partners in a report on Friday, September 27th. They issued a “neutral” rating and a $23.00 price target on the stock. Finally, Royal Bank of Canada upped their price objective on shares of USA Compression Partners from $26.00 to $27.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 16th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, USA Compression Partners presently has a consensus rating of “Hold” and a consensus price target of $25.60.

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.