Zacks Investment Research upgraded shares of USA Compression Partners LP (NYSE:USAC) from a sell rating to a hold rating in a research report report published on Thursday morning.

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. “

Separately, FBR & Co initiated coverage on shares of USA Compression Partners in a report on Friday, September 9th. They set an outperform rating and a $21.00 price target on the stock. Three research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $14.00.

Shares of USA Compression Partners (NYSE:USAC) traded up 0.77% during mid-day trading on Thursday, hitting $18.30. The company had a trading volume of 12,160 shares. USA Compression Partners has a 52-week low of $7.03 and a 52-week high of $19.33. The stock’s 50-day moving average is $18.43 and its 200-day moving average is $16.14. The stock’s market cap is $1.01 billion.

USA Compression Partners (NYSE:USAC) last posted its quarterly earnings results on Tuesday, November 8th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.08 by $0.12. USA Compression Partners had a negative net margin of 57.76% and a positive return on equity of 3.94%. The company had revenue of $61.13 million for the quarter, compared to analysts’ expectations of $63.80 million. During the same quarter in the prior year, the firm earned $0.21 earnings per share. The company’s revenue was down 13.3% on a year-over-year basis. Equities analysts forecast that USA Compression Partners will post $0.28 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 14th. Stockholders of record on Friday, November 4th were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 11.56%. The ex-dividend date of this dividend was Wednesday, November 2nd. USA Compression Partners’s dividend payout ratio is currently -75.81%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ipswich Investment Management Co. Inc. raised its position in USA Compression Partners by 4.6% in the third quarter. Ipswich Investment Management Co. Inc. now owns 13,075 shares of the company’s stock valued at $246,000 after buying an additional 575 shares during the period. Barnett & Company Inc. raised 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 period. Creative Planning raised 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 period. GSA Capital Partners LLP acquired a new position in USA Compression Partners during the second quarter valued at about $333,000. Finally, National Asset Management Inc. acquired a new position in USA Compression Partners during the second quarter valued at about $342,000.

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.

5 Day Chart for NYSE:USAC

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