IHT Wealth Management LLC Invests $241,000 in USA Compression Partners, LP (USAC) Stock

IHT Wealth Management LLC acquired a new position in USA Compression Partners, LP (NYSE:USAC) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 653 shares of the oil and gas company’s stock, valued at approximately $241,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in USAC. First Trust Advisors LP purchased a new stake in USA Compression Partners, in the 2nd quarter worth approximately $12,741,000. Carlyle Group L.P. lifted its holdings in USA Compression Partners, by 1.6% in the 2nd quarter. Carlyle Group L.P. now owns 24,513,196 shares of the oil and gas company’s stock worth $401,036,000 after buying an additional 378,167 shares during the period. Riverstone Holdings LLC lifted its holdings in USA Compression Partners, by 1.6% in the 2nd quarter. Riverstone Holdings LLC now owns 23,882,976 shares of the oil and gas company’s stock worth $390,725,000 after buying an additional 368,445 shares during the period. Goldman Sachs Group Inc. lifted its holdings in USA Compression Partners, by 62.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 923,944 shares of the oil and gas company’s stock worth $15,605,000 after buying an additional 354,499 shares during the period. Finally, FMR LLC purchased a new stake in USA Compression Partners, in the 1st quarter worth approximately $2,162,000.

Shares of USA Compression Partners, LP (NYSE:USAC) traded up 0.46% on Wednesday, hitting $17.32. The stock had a trading volume of 6,027 shares. The company has a market cap of $1.07 billion, a P/E ratio of 866.00 and a beta of 1.18. The company has a 50-day moving average of $15.98 and a 200-day moving average of $16.34. USA Compression Partners, LP has a 52-week low of $14.30 and a 52-week high of $19.78.

USA Compression Partners, (NYSE:USAC) last posted its earnings results on Friday, August 4th. The oil and gas company reported $0.05 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.05. The company had revenue of $66.00 million during the quarter, compared to analyst estimates of $65.85 million. USA Compression Partners, had a return on equity of 1.38% and a net margin of 1.20%. USA Compression Partners,’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.05 earnings per share. On average, equities analysts anticipate that USA Compression Partners, LP will post $0.26 EPS for the current fiscal year.

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Several equities research analysts have weighed in on the company. BidaskClub upgraded USA Compression Partners, from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Zacks Investment Research upgraded USA Compression Partners, from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Thursday, October 5th. Royal Bank Of Canada reiterated a “hold” rating and issued a $20.00 price objective on shares of USA Compression Partners, in a report on Monday, July 31st. Janney Montgomery Scott assumed coverage on USA Compression Partners, in a report on Friday, September 1st. They issued a “neutral” rating and a $16.00 price objective for the company. Finally, ValuEngine cut USA Compression Partners, from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. USA Compression Partners, has a consensus rating of “Hold” and a consensus target price of $18.33.

About USA Compression Partners,

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.

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

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