If it's standard 1/4" NPT threads you can probably just grab a regulator from Lowes or Home Depot and screw it right on. Get some Teflon tape (look in the same area as the regulators or in the plumbing section) and put a single layer of it on the threads to seal them and prevent air leaks.
MikeV will know more about the Badger compressors (actually anyone would since I know zip!) but from looking at them it looks like they vary from 20 to 60 psi. Your is probably in the 20-30 range as a guess.
Dixie Art shows a combined regulator / moisture trap for Badger compressors here:
http://www.dixieart.com/MiscAccessories.html#anchor89730
As long as the compressor doesn't overheat and the air flow doesn't pulsate a tank would not accomplish much for you. Just use it as it is.