Mirae Asset Global Investments Co. Ltd. Acquires New Holdings in USA Compression Partners LP (NYSE:USAC)

Mirae Asset Global Investments Co. Ltd. acquired a new stake in USA Compression Partners LP (NYSE:USACGet Rating) in the 1st quarter, Holdings Channel.com reports. The fund acquired 795,692 shares of the oil and gas company’s stock, valued at approximately $14,012,000.

Several other institutional investors and hedge funds have also modified their holdings of USAC. Raymond James & Associates grew its position in shares of USA Compression Partners by 2.2% in the 4th quarter. Raymond James & Associates now owns 49,095 shares of the oil and gas company’s stock valued at $857,000 after purchasing an additional 1,045 shares during the period. Invesco Ltd. boosted its position in USA Compression Partners by 4.1% during the 4th quarter. Invesco Ltd. now owns 17,437,632 shares of the oil and gas company’s stock worth $304,287,000 after acquiring an additional 687,600 shares during the last quarter. Rockefeller Capital Management L.P. boosted its position in USA Compression Partners by 3.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 70,659 shares of the oil and gas company’s stock worth $1,233,000 after acquiring an additional 2,225 shares during the last quarter. Chicago Partners Investment Group LLC boosted its position in USA Compression Partners by 1.9% during the 4th quarter. Chicago Partners Investment Group LLC now owns 66,915 shares of the oil and gas company’s stock worth $1,084,000 after acquiring an additional 1,220 shares during the last quarter. Finally, Alpha Cubed Investments LLC acquired a new position in USA Compression Partners during the 1st quarter worth approximately $176,000. 22.16% of the stock is currently owned by institutional investors and hedge funds.

USA Compression Partners Trading Down 1.4 %

Shares of USA Compression Partners stock opened at $17.78 on Monday. USA Compression Partners LP has a 12-month low of $14.21 and a 12-month high of $20.14. The stock has a market cap of $1.74 billion, a P/E ratio of -61.31 and a beta of 1.73. The company has a quick ratio of 0.61, a current ratio of 1.04 and a debt-to-equity ratio of 48.61. The business’s 50 day moving average is $17.85 and its 200-day moving average is $17.84.

USA Compression Partners (NYSE:USACGet Rating) last posted its quarterly earnings results on Tuesday, August 2nd. The oil and gas company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). USA Compression Partners had a net margin of 2.99% and a return on equity of 27.15%. The business had revenue of $171.46 million during the quarter. During the same quarter in the previous year, the business posted ($0.10) EPS. Equities research analysts predict that USA Compression Partners LP will post -0.05 earnings per share for the current fiscal year.

USA Compression Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 5th. Investors of record on Monday, July 25th were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 11.81%. The ex-dividend date of this dividend was Friday, July 22nd. USA Compression Partners’s dividend payout ratio (DPR) is presently -724.11%.

Analysts Set New Price Targets

A number of research firms have weighed in on USAC. Mizuho began coverage on USA Compression Partners in a research report on Wednesday, July 27th. They set a “neutral” rating and a $18.00 price target for the company. StockNews.com raised USA Compression Partners from a “hold” rating to a “buy” rating in a research report on Saturday, August 6th.

USA Compression Partners Company Profile

(Get Rating)

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.

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Institutional Ownership by Quarter for USA Compression Partners (NYSE:USAC)

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