Tradition Wealth Management LLC Makes New Investment in USA Compression Partners LP (NYSE:USAC)

Tradition Wealth Management LLC acquired a new stake in shares of USA Compression Partners LP (NYSE:USAC) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 8,802 shares of the oil and gas company’s stock, valued at approximately $207,000.

A number of other hedge funds also recently made changes to their positions in the stock. Brown Brothers Harriman & Co. bought a new position in shares of USA Compression Partners in the fourth quarter worth approximately $95,000. Broadway Wealth Solutions Inc. purchased a new stake in USA Compression Partners in the 4th quarter worth $201,000. TSA Wealth Managment LLC bought a new stake in USA Compression Partners during the fourth quarter valued at about $205,000. SVB Wealth LLC purchased a new position in shares of USA Compression Partners in the fourth quarter valued at about $207,000. Finally, Sanctuary Advisors LLC boosted its stake in shares of USA Compression Partners by 9.2% in the third quarter. Sanctuary Advisors LLC now owns 9,052 shares of the oil and gas company’s stock worth $215,000 after acquiring an additional 766 shares during the period. 47.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on USAC. Mizuho boosted their price target on USA Compression Partners from $24.00 to $26.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Citigroup upped their target price on shares of USA Compression Partners from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. boosted their price target on shares of USA Compression Partners from $23.00 to $24.00 and gave the stock an “underweight” rating in a research note on Tuesday, March 11th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $26.00.

USA Compression Partners Stock Down 2.2 %

Shares of NYSE:USAC opened at $24.67 on Tuesday. The firm has a fifty day simple moving average of $26.11 and a two-hundred day simple moving average of $24.64. USA Compression Partners LP has a 52 week low of $21.06 and a 52 week high of $30.10. The stock has a market capitalization of $2.90 billion, a P/E ratio of 33.79 and a beta of 0.84.

USA Compression Partners (NYSE:USAC) last issued its quarterly earnings data on Tuesday, February 11th. The oil and gas company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.06). USA Compression Partners had a negative return on equity of 62.46% and a net margin of 10.48%. On average, analysts expect that USA Compression Partners LP will post 1.05 earnings per share for the current year.

USA Compression Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Monday, April 28th will be paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 8.51%. This is a positive change from USA Compression Partners’s previous quarterly dividend of $0.51. The ex-dividend date is Monday, April 28th. USA Compression Partners’s payout ratio is presently 287.67%.

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.