USA Compression Partners, LP $USAC Shares Purchased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in USA Compression Partners by 32.5%, now owning approximately 4.65 million shares worth around $125 million.
• USA Compression Partners reported an EPS of $0.22 for the latest quarter, surpassing estimates, and has declared a quarterly dividend of $0.525 per share with an annual yield of 8.8%.
• Currently, the company has a market capitalization of $2.92 billion and a consensus price target set by analysts at $25.50 with an "underweight" rating from JPMorgan Chase & Co.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in USA Compression Partners, LP (NYSE:USAC - Free Report) by 32.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,651,264 shares of the oil and gas company's stock after buying an additional 1,141,556 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 3.96% of USA Compression Partners worth $125,491,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in USAC. Northwestern Mutual Wealth Management Co. purchased a new position in USA Compression Partners in the 1st quarter valued at about $32,000. Perkins Coie Trust Co lifted its holdings in USA Compression Partners by 40.0% in the 1st quarter. Perkins Coie Trust Co now owns 7,000 shares of the oil and gas company's stock valued at $189,000 after purchasing an additional 2,000 shares in the last quarter. IFG Advisory LLC purchased a new position in USA Compression Partners in the 1st quarter valued at about $202,000. 49 Wealth Management LLC purchased a new position in USA Compression Partners in the 1st quarter valued at about $228,000. Finally, Kestra Private Wealth Services LLC purchased a new position in USA Compression Partners in the 1st quarter valued at about $230,000. 47.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

USAC has been the topic of a number of recent research reports. Mizuho upped their target price on shares of USA Compression Partners from $22.00 to $23.00 and gave the company a "neutral" rating in a report on Friday, August 29th. JPMorgan Chase & Co. restated an "underweight" rating and issued a $25.00 target price (up from $24.00) on shares of USA Compression Partners in a report on Monday, June 23rd. Three investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Reduce" and an average price target of $25.50.

USA Compression Partners Trading Down 1.5%

Shares of NYSE USAC traded down $0.35 on Friday, reaching $23.44. 152,739 shares of the company traded hands, compared to its average volume of 122,355. USA Compression Partners, LP has a fifty-two week low of $21.24 and a fifty-two week high of $30.10. The company has a 50 day moving average of $24.20 and a 200 day moving average of $24.92. The stock has a market capitalization of $2.88 billion, a PE ratio of 34.99 and a beta of 0.40.

USA Compression Partners (NYSE:USAC - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The oil and gas company reported $0.22 EPS for the quarter, beating analysts' consensus estimates of $0.21 by $0.01. USA Compression Partners had a net margin of 9.56% and a negative return on equity of 71.82%. The company had revenue of $250.13 million during the quarter, compared to the consensus estimate of $246.99 million. As a group, research analysts expect that USA Compression Partners, LP will post 1.05 earnings per share for the current year.

USA Compression Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Monday, July 28th were paid a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, July 28th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 9.0%. USA Compression Partners's dividend payout ratio is currently 313.43%.

USA Compression Partners 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.