Citigroup Inc. Invests $2.55 Million in USA Compression Partners, LP $USAC

Citigroup Inc. acquired a new position in shares of USA Compression Partners, LP (NYSE:USAC) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 106,382 shares of the oil and gas company’s stock, valued at approximately $2,553,000.

Several other institutional investors have also recently added to or reduced their stakes in USAC. Objectivity Squared LLC boosted its holdings in shares of USA Compression Partners by 2.2% during the third quarter. Objectivity Squared LLC now owns 225,429 shares of the oil and gas company’s stock worth $5,410,000 after purchasing an additional 4,826 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in USA Compression Partners in the third quarter valued at $216,000. Caprock Group LLC purchased a new position in USA Compression Partners during the third quarter worth about $205,000. ING Groep NV acquired a new stake in USA Compression Partners in the 3rd quarter worth about $5,158,000. Finally, Alps Advisors Inc. boosted its stake in USA Compression Partners by 9.6% in the 3rd quarter. Alps Advisors Inc. now owns 17,105,738 shares of the oil and gas company’s stock worth $410,538,000 after buying an additional 1,500,640 shares during the last quarter. Institutional investors and hedge funds own 47.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Wall Street Zen downgraded shares of USA Compression Partners from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Mizuho increased their price target on shares of USA Compression Partners from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Monday, January 12th. Citigroup reiterated a “neutral” rating on shares of USA Compression Partners in a report on Tuesday, December 2nd. Zacks Research raised shares of USA Compression Partners from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. Finally, Stifel Nicolaus upped their price objective on USA Compression Partners from $27.00 to $30.00 and gave the stock a “hold” rating in a report on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $26.67.

USA Compression Partners Stock Up 0.3%

Shares of NYSE:USAC opened at $27.83 on Friday. The company has a market capitalization of $4.03 billion, a price-to-earnings ratio of 33.13 and a beta of 0.22. The company has a 50 day moving average of $25.73 and a two-hundred day moving average of $24.36. USA Compression Partners, LP has a 52-week low of $21.59 and a 52-week high of $28.09.

USA Compression Partners (NYSE:USAC) last released its quarterly earnings results on Tuesday, February 17th. The oil and gas company reported $0.28 EPS for the quarter, hitting the consensus estimate of $0.28. The business had revenue of $252.48 million for the quarter, compared to analysts’ expectations of $253.43 million. USA Compression Partners had a negative return on equity of 87.34% and a net margin of 11.15%. On average, equities analysts anticipate that USA Compression Partners, LP will post 1.05 earnings per share for the current year.

USA Compression Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 6th. Shareholders of record on Monday, January 26th were issued a dividend of $0.525 per share. The ex-dividend date was Monday, January 26th. This represents a $2.10 annualized dividend and a yield of 7.5%. USA Compression Partners’s payout ratio is currently 250.00%.

About USA Compression Partners

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.