Ameritas Advisory Services LLC Trims Holdings in USA Compression Partners LP (NYSE:USAC)

Posted by Defense World Staff on Jul 25th, 2023

Ameritas Advisory Services LLC trimmed its position in USA Compression Partners LP (NYSE:USAC – Free Report) by 50.0% in the 1st quarter, HoldingsChannel reports. The firm owned 9,000 shares of the oil and gas company’s stock after selling 9,000 shares during the quarter. Ameritas Advisory Services LLC’s holdings in USA Compression Partners were worth $190,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. State of Wyoming acquired a new stake in USA Compression Partners during the fourth quarter worth about $32,000. Tower Research Capital LLC TRC grew its holdings in USA Compression Partners by 2,232.0% during the third quarter. Tower Research Capital LLC TRC now owns 2,915 shares of the oil and gas company’s stock worth $51,000 after acquiring an additional 2,790 shares during the period. Credit Suisse AG acquired a new stake in USA Compression Partners during the second quarter worth about $87,000. SG Americas Securities LLC acquired a new stake in USA Compression Partners during the fourth quarter worth about $135,000. Finally, LPL Financial LLC acquired a new stake in USA Compression Partners during the second quarter worth about $197,000. 23.02% of the stock is currently owned by hedge funds and other institutional investors.

USA Compression Partners Price Performance

Shares of USAC opened at $19.70 on Tuesday. USA Compression Partners LP has a 12 month low of $15.87 and a 12 month high of $21.95. The stock’s 50 day moving average is $19.78 and its two-hundred day moving average is $20.34.

USA Compression Partners (NYSE:USAC – Get Free Report) last issued its quarterly earnings results on Tuesday, May 2nd. The oil and gas company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). The firm had revenue of $197.12 million during the quarter, compared to analyst estimates of $189.06 million. USA Compression Partners had a negative return on equity of 42.01% and a net margin of 5.15%. On average, analysts forecast that USA Compression Partners LP will post 0.24 earnings per share for the current fiscal year.

USA Compression Partners Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 4th. Stockholders of record on Monday, July 24th will be paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 10.66%. The ex-dividend date is Friday, July 21st. USA Compression Partners’s dividend payout ratio is presently -1,909.09%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. 51job reaffirmed a “maintains” rating on shares of USA Compression Partners in a report on Wednesday, May 3rd. StockNews.com raised USA Compression Partners from a “hold” rating to a “buy” rating in a report on Wednesday, June 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $21.50.

USA Compression Partners Profile

(Free Report)

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.