JPMorgan Chase & Co. Sells 1,808,554 Shares of USA Compression Partners, LP $USAC

JPMorgan Chase & Co. decreased its stake in USA Compression Partners, LP (NYSE:USAC) by 33.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,542,525 shares of the oil and gas company’s stock after selling 1,808,554 shares during the quarter. JPMorgan Chase & Co. owned 2.89% of USA Compression Partners worth $85,021,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of USAC. CWM LLC acquired a new stake in shares of USA Compression Partners in the 3rd quarter valued at approximately $34,000. State of Wyoming bought a new stake in USA Compression Partners in the third quarter valued at approximately $64,000. Caprock Group LLC acquired a new stake in USA Compression Partners in the third quarter worth $205,000. Ameritas Advisory Services LLC acquired a new stake in USA Compression Partners in the third quarter worth $216,000. Finally, Global Retirement Partners LLC bought a new position in shares of USA Compression Partners during the second quarter worth $255,000. 47.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

USAC has been the subject of a number of recent analyst reports. Stifel Nicolaus upped their price objective on shares of USA Compression Partners from $27.00 to $30.00 and gave the company a “hold” rating in a research report on Wednesday, February 18th. Wall Street Zen cut USA Compression Partners from a “buy” rating to a “hold” rating in a research note on Saturday. Mizuho raised their price target on USA Compression Partners from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Monday, January 12th. Citigroup reiterated a “neutral” rating on shares of USA Compression Partners in a report on Tuesday, December 2nd. Finally, Zacks Research cut USA Compression Partners from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Four research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, USA Compression Partners presently has a consensus rating of “Reduce” and a consensus price target of $26.75.

USA Compression Partners Stock Performance

Shares of USA Compression Partners stock opened at $26.89 on Tuesday. The firm has a market cap of $3.90 billion, a PE ratio of 32.01 and a beta of 0.23. The business’s 50 day simple moving average is $24.96 and its 200 day simple moving average is $24.16. USA Compression Partners, LP has a 52-week low of $21.59 and a 52-week high of $28.09.

USA Compression Partners (NYSE:USAC) last issued its quarterly earnings results on Tuesday, February 17th. The oil and gas company reported $0.28 earnings per share for the quarter, hitting the consensus estimate of $0.28. The company had revenue of $252.48 million during the quarter, compared to analysts’ expectations of $253.43 million. USA Compression Partners had a net margin of 11.15% and a negative return on equity of 87.34%. As a group, equities research analysts predict that USA Compression Partners, LP will post 1.05 EPS for the current year.

USA Compression Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 6th. Shareholders of record on Monday, January 26th were paid a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 7.8%. The ex-dividend date was Monday, January 26th. USA Compression Partners’s payout ratio is presently 250.00%.

About USA Compression Partners

USA Compression Partners (NYSE: USAC) is a Houston-based master limited partnership specializing in natural gas compression services for oil and gas producers. The company offers a full suite of midstream compression solutions designed to enhance production flow and optimize field operations. Its core activities include the design, engineering, fabrication, installation, operation and maintenance of natural gas compression equipment onshore across key U.S. basins.

USA Compression’s product and service offerings encompass new equipment deployment, aftermarket parts and component sales, field service support, and instrumentation and control systems.