USA Compression Partners LP (NYSE:USAC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Thursday.

According to Zacks, “USA Compression Partners, LP is engaged in providing compression services primarily in the United States. It designs, engineers, operates and maintains natural gas compressor packages. The Company’s customer base is comprised of producers, processors, gatherers and transporters of natural gas. It generally provides its compression services primarily under long-term, fixed fee contracts. USA Compression Partners, LP is headquartered in Austin, Texas. “

Several other equities research analysts have also commented on the company. Goldman Sachs Group Inc. lowered USA Compression Partners from a “neutral” rating to a “sell” rating and boosted their price target for the stock from $10.00 to $13.00 in a research note on Tuesday, June 21st. FBR & Co started coverage on USA Compression Partners in a research note on Friday, September 9th. They set an “outperform” rating and a $21.00 price target on the stock. Three analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $14.00.

USA Compression Partners (NYSE:USAC) opened at 18.70 on Thursday. The company has a 50-day moving average price of $17.40 and a 200 day moving average price of $15.09. USA Compression Partners has a 12 month low of $7.03 and a 12 month high of $19.09. The stock’s market capitalization is $1.03 billion.

USA Compression Partners (NYSE:USAC) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.12 by $0.07. The business earned $63.50 million during the quarter, compared to analysts’ expectations of $64.98 million. USA Compression Partners had a negative net margin of 51.30% and a positive return on equity of 4.53%. USA Compression Partners’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.34) EPS. Equities analysts predict that USA Compression Partners will post $0.40 earnings per share for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Carlyle Group L.P. increased its position in shares of USA Compression Partners by 3.0% in the second quarter. Carlyle Group L.P. now owns 23,328,314 shares of the company’s stock valued at $341,993,000 after buying an additional 677,258 shares in the last quarter. Harvest Fund Advisors LLC increased its position in shares of 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. UBS Group AG increased its position in shares of USA Compression Partners by 193.3% in the first quarter. UBS Group AG now owns 860,151 shares of the company’s stock valued at $10,107,000 after buying an additional 566,919 shares in the last quarter. Jennison Associates LLC increased its position in shares of USA Compression Partners by 4.9% in the second quarter. Jennison Associates LLC now owns 360,301 shares of the company’s stock valued at $5,282,000 after buying an additional 16,729 shares in the last quarter. Finally, Van ECK Associates Corp increased its position in shares of 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 during the period.

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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