Tower Research Capital LLC TRC Purchases New Holdings in USA Compression Partners, LP (USAC)

Tower Research Capital LLC TRC purchased a new stake in USA Compression Partners, LP (NYSE:USAC) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 13,777 shares of the oil and gas company’s stock, valued at approximately $225,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Global X Management Co. LLC increased its holdings in USA Compression Partners, by 5.9% in the 1st quarter. Global X Management Co. LLC now owns 8,788 shares of the oil and gas company’s stock valued at $148,000 after purchasing an additional 490 shares in the last quarter. Creative Planning increased its holdings in USA Compression Partners, by 10.4% in the 2nd quarter. Creative Planning now owns 25,326 shares of the oil and gas company’s stock valued at $414,000 after purchasing an additional 2,376 shares in the last quarter. Stockman Wealth Management Inc. increased its holdings in USA Compression Partners, by 5.6% in the 2nd quarter. Stockman Wealth Management Inc. now owns 37,402 shares of the oil and gas company’s stock valued at $612,000 after purchasing an additional 2,000 shares in the last quarter. Arrow Investment Advisors LLC acquired a new stake in USA Compression Partners, in the 2nd quarter valued at $670,000. Finally, PNC Financial Services Group Inc. increased its holdings in USA Compression Partners, by 1.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 66,890 shares of the oil and gas company’s stock valued at $1,094,000 after purchasing an additional 654 shares in the last quarter.

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USA Compression Partners, LP (NYSE USAC) traded down 0.12% during trading on Wednesday, reaching $17.23. The company had a trading volume of 4,487 shares. USA Compression Partners, LP has a 12-month low of $14.30 and a 12-month high of $19.78. The firm has a 50-day moving average price of $15.98 and a 200 day moving average price of $16.34. The stock has a market cap of $1.06 billion, a P/E ratio of 522.12 and a beta of 1.18.

USA Compression Partners, (NYSE:USAC) last posted its quarterly earnings data on Friday, August 4th. The oil and gas company reported $0.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.05. USA Compression Partners, had a net margin of 1.20% and a return on equity of 1.38%. The company had revenue of $66.00 million for the quarter, compared to the consensus estimate of $65.85 million. During the same quarter in the previous year, the firm posted $0.05 EPS. The business’s revenue was up 3.9% compared to the same quarter last year. Equities research analysts predict that USA Compression Partners, LP will post $0.26 EPS for the current fiscal year.

USAC has been the subject of several recent analyst reports. BidaskClub upgraded USA Compression Partners, from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Royal Bank Of Canada restated a “hold” rating and set a $20.00 target price on shares of USA Compression Partners, in a research note on Monday, July 31st. Zacks Investment Research downgraded USA Compression Partners, from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Janney Montgomery Scott initiated coverage on USA Compression Partners, in a research note on Friday, September 1st. They set a “neutral” rating and a $16.00 target price for the company. Finally, ValuEngine downgraded USA Compression Partners, from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $18.33.

USA Compression Partners, Company Profile

USA Compression Partners, LP is an independent provider of compression services in the United States. The Company provides compression services to its customers primarily in connection with infrastructure applications, including both allowing for the processing and transportation of natural gas through the domestic pipeline system and managing crude oil production through artificial lift processes.

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

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