Stockman Asset Management bought a new stake in USA Compression Partners, LP (NYSE:USAC) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 26,352 shares of the company’s stock, valued at approximately $495,000.

Other hedge funds have also recently bought and sold shares of the company. Ipswich Investment Management Co. Inc. boosted its stake in USA Compression Partners, by 4.6% in the third quarter. Ipswich Investment Management Co. Inc. now owns 13,075 shares of the company’s stock valued at $246,000 after buying an additional 575 shares in the last quarter. Guggenheim Capital LLC boosted its stake in USA Compression Partners, by 8.2% in the second quarter. Guggenheim Capital LLC now owns 58,504 shares of the company’s stock valued at $858,000 after buying an additional 4,412 shares in the last quarter. Van ECK Associates Corp boosted its stake in USA Compression Partners, by 4.2% in the second quarter. Van ECK Associates Corp now owns 347,089 shares of the company’s stock valued at $5,088,000 after buying an additional 13,874 shares in the last quarter. Neuberger Berman Group LLC boosted its stake in USA Compression Partners, by 7.1% in the second quarter. Neuberger Berman Group LLC now owns 269,400 shares of the company’s stock valued at $3,949,000 after buying an additional 17,805 shares in the last quarter. Finally, Harvest Fund Advisors LLC boosted its stake in USA Compression Partners, by 1.2% in the second quarter. Harvest Fund Advisors LLC now owns 1,759,452 shares of the company’s stock valued at $25,794,000 after buying an additional 21,051 shares in the last quarter. Institutional investors and hedge funds own 95.22% of the company’s stock.

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

USA Compression Partners, LP (NYSE:USAC) traded up 3.54% during trading on Friday, hitting $19.00. 288,925 shares of the company traded hands. The stock’s market capitalization is $1.05 billion. The company’s 50 day moving average is $17.25 and its 200-day moving average is $16.91. USA Compression Partners, LP has a 52 week low of $7.03 and a 52 week high of $19.33.

USA Compression Partners, (NYSE:USAC) last posted its quarterly earnings results on Tuesday, November 8th. The company reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by $0.12. The company earned $61.13 million during the quarter, compared to analyst estimates of $63.80 million. USA Compression Partners, had a negative net margin of 57.76% and a positive return on equity of 3.94%. The business’s revenue for the quarter was down 13.3% compared to the same quarter last year. During the same period last year, the company earned $0.21 EPS. Analysts predict that USA Compression Partners, LP will post $0.28 earnings per share for the current year.

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Several analysts have issued reports on the stock. Zacks Investment Research upgraded shares of USA Compression Partners, from a “sell” rating to a “hold” rating in a research note on Wednesday, November 30th. RBC Capital Markets restated a “buy” rating and set a $17.00 price objective on shares of USA Compression Partners, in a research report on Friday, January 6th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $14.43.

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.

5 Day Chart for NYSE:USAC

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