USA Compression Partners LP (USAC) Receives Average Rating of “Hold” from Brokerages
Shares of USA Compression Partners LP (NYSE:USAC) have received an average recommendation of “Hold” from the seven analysts that are currently covering the stock. Three equities research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $13.60.
A number of brokerages have weighed in on USAC. Zacks Investment Research upgraded shares of USA Compression Partners from a “sell” rating to a “hold” rating in a research report on Thursday. FBR & Co began coverage on shares of USA Compression Partners in a research report on Friday, September 9th. They issued an “outperform” rating and a $21.00 target price on the stock. Finally, Goldman Sachs Group Inc. lowered shares of USA Compression Partners from a “neutral” rating to a “sell” rating and raised their target price for the company from $10.00 to $13.00 in a research report on Tuesday, June 21st.
Shares of USA Compression Partners (NYSE:USAC) traded down 1.2407% during trading on Friday, hitting $18.3791. 96,455 shares of the stock traded hands. USA Compression Partners has a 1-year low of $7.03 and a 1-year high of $19.09. The firm has a 50-day moving average of $17.49 and a 200-day moving average of $15.12. The firm’s market capitalization is $1.01 billion.
USA Compression Partners (NYSE:USAC) last issued its earnings results on Thursday, August 4th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by $0.07. USA Compression Partners had a negative net margin of 51.30% and a positive return on equity of 4.53%. The company earned $63.50 million during the quarter, compared to analyst estimates of $64.98 million. During the same quarter in the prior year, the business earned ($0.34) EPS. The business’s quarterly revenue was down 4.4% on a year-over-year basis. On average, equities analysts forecast that USA Compression Partners will post $0.40 earnings per share for the current year.
Several institutional investors have recently added to or reduced their stakes in USAC. Mariner Wealth Advisors LLC acquired a new position in USA Compression Partners during the first quarter valued at about $118,000. Barnett & Company Inc. increased its position in USA Compression Partners by 20.4% in the second quarter. Barnett & Company Inc. now owns 17,100 shares of the company’s stock valued at $251,000 after buying an additional 2,900 shares during the last quarter. State Street Corp increased its position in USA Compression Partners by 3.9% in the first quarter. State Street Corp now owns 19,309 shares of the company’s stock valued at $226,000 after buying an additional 723 shares during the last quarter. Creative Planning increased its position in USA Compression Partners by 0.5% in the second quarter. Creative Planning now owns 21,502 shares of the company’s stock valued at $315,000 after buying an additional 100 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new position in USA Compression Partners during the second quarter valued at about $333,000.
USA Compression Partners Company Profile
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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