USA Compression Partners (NYSE:USAC) Raised to “Hold” at Zacks Research

USA Compression Partners (NYSE:USAC) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday, Zacks reports.

A number of other brokerages also recently issued reports on USAC. Royal Bank Of Canada lifted their price target on USA Compression Partners from $30.00 to $31.00 and gave the company a “sector perform” rating in a research report on Tuesday. Mizuho raised their target price on shares of USA Compression Partners from $28.00 to $29.00 and gave the company a “neutral” rating in a research note on Friday, June 12th. Citigroup lifted their target price on shares of USA Compression Partners from $26.00 to $28.00 and gave the company a “neutral” rating in a research report on Wednesday, May 13th. Finally, Wall Street Zen raised shares of USA Compression Partners from a “hold” rating to a “buy” rating in a research note on Saturday. One research analyst has rated the stock with a Strong Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $29.50.

USA Compression Partners Stock Up 0.3%

USAC opened at $27.15 on Monday. The firm has a market capitalization of $3.94 billion, a P/E ratio of 25.61 and a beta of 0.23. USA Compression Partners has a one year low of $21.85 and a one year high of $30.55. The company has a fifty day moving average price of $26.39 and a 200-day moving average price of $27.17. The company has a debt-to-equity ratio of 10.25, a current ratio of 1.35 and a quick ratio of 0.68.

USA Compression Partners (NYSE:USAC) last issued its quarterly earnings data on Tuesday, August 4th. The oil and gas company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.03. USA Compression Partners had a return on equity of 179.77% and a net margin of 12.43%.The company had revenue of $342.15 million for the quarter, compared to the consensus estimate of $340.49 million. Equities research analysts expect that USA Compression Partners will post 1.17 earnings per share for the current fiscal year.

Insider Buying and Selling

In other USA Compression Partners news, Director Bradford D. Whitehurst purchased 6,000 shares of the firm’s stock in a transaction on Friday, August 21st. The shares were purchased at an average cost of $26.10 per share, with a total value of $156,600.00. Following the completion of the purchase, the director owned 43,616 shares of the company’s stock, valued at $1,138,377.60. The trade was a 15.95% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Hedge Funds Weigh In On USA Compression Partners

Several institutional investors and hedge funds have recently made changes to their positions in the business. Alps Advisors Inc. raised its position in USA Compression Partners by 3.8% in the 4th quarter. Alps Advisors Inc. now owns 17,748,200 shares of the oil and gas company’s stock worth $408,209,000 after purchasing an additional 642,462 shares during the period. JPMorgan Chase & Co. boosted its position in USA Compression Partners by 29.8% during the fourth quarter. JPMorgan Chase & Co. now owns 4,599,073 shares of the oil and gas company’s stock valued at $105,779,000 after buying an additional 1,056,548 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of USA Compression Partners by 9.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,344,670 shares of the oil and gas company’s stock valued at $76,927,000 after buying an additional 302,491 shares during the last quarter. Morgan Stanley grew its stake in shares of USA Compression Partners by 123.5% during the fourth quarter. Morgan Stanley now owns 2,712,603 shares of the oil and gas company’s stock valued at $62,390,000 after buying an additional 1,498,928 shares during the last quarter. Finally, Raymond James Financial Inc. increased its holdings in shares of USA Compression Partners by 2.5% in the third quarter. Raymond James Financial Inc. now owns 562,735 shares of the oil and gas company’s stock worth $13,506,000 after buying an additional 13,992 shares during the period. Institutional investors own 47.77% of the company’s stock.

USA Compression Partners Company Profile

USA Compression Partners (NYSE: USAC) is a Houston-based master limited partnership specializing in natural gas compression services for oil and gas producers. The company offers a full suite of midstream compression solutions designed to enhance production flow and optimize field operations. Its core activities include the design, engineering, fabrication, installation, operation and maintenance of natural gas compression equipment onshore across key U.S. basins.

USA Compression’s product and service offerings encompass new equipment deployment, aftermarket parts and component sales, field service support, and instrumentation and control systems.