Usa Compression Partners LP (USAC) : Riverstone Holdings scooped up 14,988,044 additional shares in Usa Compression Partners LP during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 22,068,710 shares of Usa Compression Partners LP which is valued at $305.2 Million.Usa Compression Partners LP makes up approximately 18.30% of Riverstone Holdings’s portfolio.
Other Hedge Funds, Including , Raymond James Associates boosted its stake in USAC in the latest quarter, The investment management firm added 15,146 additional shares and now holds a total of 57,383 shares of Usa Compression Partners LP which is valued at $793,607.Atlantic Trust Group reduced its stake in USAC by selling 88,703 shares or 16.25% in the most recent quarter. The Hedge Fund company now holds 457,213 shares of USAC which is valued at $6.3 Million. Usa Compression Partners LP makes up approx 0.05% of Atlantic Trust Group’s portfolio. Dubuque Bank Trust Co sold out all of its stake in USAC during the most recent quarter. The investment firm sold 500 shares of USAC which is valued $7,165. Wedbush Securities Inc sold out all of its stake in USAC during the most recent quarter. The investment firm sold 14,535 shares of USAC which is valued $208,287. Terra Nova Asset Management sold out all of its stake in USAC during the most recent quarter. The investment firm sold 18,193 shares of USAC which is valued $260,706.
Usa Compression Partners LP opened for trading at $14.48 and hit $14.64 on the upside on Friday, eventually ending the session at $14.45, with a gain of 0.70% or 0.1 points. The heightened volatility saw the trading volume jump to 80,400 shares. Company has a market cap of $782,583 M.
On the company’s financial health, Usa Compression Partners LP reported $0.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.15. The company had revenue of $66.40 million for the quarter, compared to analysts expectations of $67.46 million. The company’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS.
Many Wall Street Analysts have commented on Usa Compression Partners LP. Company shares were Reiterated by RBC Capital Mkts on May 6, 2016 to “Outperform”, Firm has raised the Price Target to $ 15 from a previous price target of $11 .
USA Compression Partners LP is a provider of compression services in the United States in terms of total compression fleet horsepower. The Companys general partner USA Compression GP LLC manages its operations and activities. It provides services to its customers primarily in connection with infrastructure applications including processing and transportation of natural gas through the domestic pipeline system and crude oil production through artificial lift processes. As part of its services the Company engineer design operate service and repair its fleet of compression units and maintain related support inventory and equipment. The Company has approximately 1549020 horsepower in its fleet. It provides compression services in a number of shale plays throughout the United States including the Utica Marcellus Permian Basin Eagle Ford Mississippi Lime Granite Wash Woodford Barnett Haynesville and Fayetteville shales.