Penbrook Management LLC Buys 4,540 Shares of USA Compression Partners LP (NYSE:USAC)

Penbrook Management LLC lifted its stake in USA Compression Partners LP (NYSE:USAC) by 10.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,140 shares of the oil and gas company’s stock after acquiring an additional 4,540 shares during the quarter. Penbrook Management LLC’s holdings in USA Compression Partners were worth $831,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in USAC. First Trust Advisors LP grew its stake in shares of USA Compression Partners by 13.4% in the first quarter. First Trust Advisors LP now owns 599,284 shares of the oil and gas company’s stock worth $9,355,000 after acquiring an additional 70,874 shares during the period. Marshall Wace LLP purchased a new position in shares of USA Compression Partners in the first quarter worth approximately $1,203,000. Marshall Wace North America L.P. purchased a new position in shares of USA Compression Partners in the first quarter worth approximately $898,000. Walnut Private Equity Partners LLC purchased a new position in shares of USA Compression Partners in the second quarter worth approximately $358,000. Finally, Winslow Evans & Crocker Inc. purchased a new position in shares of USA Compression Partners in the second quarter worth approximately $34,000. Hedge funds and other institutional investors own 31.07% of the company’s stock.

USAC opened at $17.09 on Friday. The company has a current ratio of 1.36, a quick ratio of 0.82 and a debt-to-equity ratio of 1.42. The company has a market cap of $1.63 billion, a price-to-earnings ratio of -39.74 and a beta of 1.26. The company’s 50 day moving average is $16.66 and its 200 day moving average is $17.01. USA Compression Partners LP has a 12-month low of $12.09 and a 12-month high of $19.00.

USA Compression Partners (NYSE:USAC) last posted its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.03. USA Compression Partners had a net margin of 3.82% and a return on equity of 1.93%. The company had revenue of $173.70 million for the quarter, compared to the consensus estimate of $172.87 million. During the same quarter last year, the firm posted ($0.10) earnings per share. The firm’s revenue was up 4.0% compared to the same quarter last year. As a group, analysts predict that USA Compression Partners LP will post -0.09 EPS for the current fiscal year.

USAC has been the topic of a number of research reports. Royal Bank of Canada set a $18.00 price objective on shares of USA Compression Partners and gave the stock a “buy” rating in a report on Wednesday, August 7th. TheStreet downgraded shares of USA Compression Partners from a “c-” rating to a “d” rating in a report on Wednesday, August 28th. ValuEngine raised shares of USA Compression Partners from a “hold” rating to a “buy” rating in a report on Tuesday, October 1st. UBS Group set a $17.00 price objective on shares of USA Compression Partners and gave the stock a “hold” rating in a report on Wednesday, August 7th. Finally, Zacks Investment Research raised shares of USA Compression Partners from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a report on Friday. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $18.67.

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.

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

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