SeaCrest Wealth Management LLC Purchases 14,600 Shares of USA Compression Partners, LP $USAC

Key Points

• SeaCrest Wealth Management LLC increased its holdings in USA Compression Partners, LP by 149.0%, acquiring an additional 14,600 shares in the second quarter, bringing their total to 24,400 shares valued at $593,000.
• USA Compression Partners' latest earnings report showed a profit of $0.22 per share, exceeding analysts' expectations of $0.21, with revenue reported at $250.13 million.
• The company recently declared a quarterly dividend of $0.525, resulting in an annualized dividend of $2.10, and a high dividend yield of 8.9%.

SeaCrest Wealth Management LLC increased its position in shares of USA Compression Partners, LP (NYSE:USAC - Free Report) by 149.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 24,400 shares of the oil and gas company's stock after purchasing an additional 14,600 shares during the quarter. SeaCrest Wealth Management LLC's holdings in USA Compression Partners were worth $593,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cetera Investment Advisers increased its stake in USA Compression Partners by 12.8% in the fourth quarter. Cetera Investment Advisers now owns 31,911 shares of the oil and gas company's stock valued at $752,000 after purchasing an additional 3,621 shares during the last quarter. Perkins Coie Trust Co lifted its stake in shares of USA Compression Partners by 40.0% in the first quarter. Perkins Coie Trust Co now owns 7,000 shares of the oil and gas company's stock worth $189,000 after acquiring an additional 2,000 shares in the last quarter. GraniteShares Advisors LLC raised its stake in USA Compression Partners by 6.5% during the first quarter. GraniteShares Advisors LLC now owns 111,063 shares of the oil and gas company's stock valued at $2,996,000 after buying an additional 6,730 shares in the last quarter. F&V Capital Management LLC acquired a new stake in shares of USA Compression Partners during the 1st quarter worth approximately $301,000. Finally, Cambridge Investment Research Advisors Inc. raised its position in shares of USA Compression Partners by 14.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 56,168 shares of the oil and gas company's stock worth $1,515,000 after purchasing an additional 7,293 shares during the period. 47.77% of the stock is owned by institutional investors and hedge funds.

USA Compression Partners Trading Down 2.6%

Shares of USA Compression Partners stock traded down $0.62 during trading on Monday, reaching $22.82. The stock had a trading volume of 259,446 shares, compared to its average volume of 301,981. The company has a market capitalization of $2.80 billion, a price-to-earnings ratio of 34.06 and a beta of 0.40. The stock has a fifty day moving average price of $23.98 and a two-hundred day moving average price of $24.70. USA Compression Partners, LP has a 52 week low of $21.24 and a 52 week high of $30.10.

USA Compression Partners (NYSE:USAC - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The oil and gas company reported $0.22 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $250.13 million for the quarter, compared to analysts' expectations of $246.99 million. On average, equities analysts forecast that USA Compression Partners, LP will post 1.05 EPS for the current fiscal year.

USA Compression Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Monday, July 28th were given a $0.525 dividend. The ex-dividend date was Monday, July 28th. This represents a $2.10 dividend on an annualized basis and a yield of 9.2%. USA Compression Partners's dividend payout ratio (DPR) is currently 313.43%.

Analyst Upgrades and Downgrades

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

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.