Zacks Investment Research upgraded shares of Usa Compression Partners (NYSE:USAC) from a hold rating to a buy rating in a research note issued to investors on Friday. Zacks Investment Research currently has $20.00 price target on the oil and gas company’s stock.
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. “
A number of other brokerages have also recently weighed in on USAC. BidaskClub cut Usa Compression Partners from a sell rating to a strong sell rating in a research report on Tuesday, October 31st. Royal Bank of Canada increased their price target on Usa Compression Partners from $17.00 to $18.00 and gave the stock a sector perform rating in a research report on Wednesday, November 8th. Finally, B. Riley set a $18.00 price target on Usa Compression Partners and gave the stock a neutral rating in a research report on Monday, December 18th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $18.00.
Usa Compression Partners (NYSE USAC) traded down $0.11 during trading hours on Friday, reaching $17.45. The company’s stock had a trading volume of 118,691 shares, compared to its average volume of 89,711. The company has a current ratio of 1.35, a quick ratio of 0.74 and a debt-to-equity ratio of 1.14. Usa Compression Partners has a 52 week low of $14.30 and a 52 week high of $19.78. The company has a market cap of $1,089.01, a P/E ratio of 124.64 and a beta of 1.18.
Usa Compression Partners (NYSE:USAC) last released its earnings results on Tuesday, November 7th. The oil and gas company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Usa Compression Partners had a return on equity of 1.62% and a net margin of 3.63%. The firm had revenue of $72.79 million for the quarter, compared to the consensus estimate of $68.82 million. During the same period in the prior year, the business earned ($0.04) EPS. The company’s quarterly revenue was up 19.1% on a year-over-year basis. analysts anticipate that Usa Compression Partners will post 0.26 earnings per share for the current fiscal year.
Several institutional investors have recently made changes to their positions in the company. Harvest Fund Advisors LLC increased its position in Usa Compression Partners by 21.1% in the 3rd quarter. Harvest Fund Advisors LLC now owns 2,245,460 shares of the oil and gas company’s stock valued at $37,544,000 after acquiring an additional 391,139 shares during the period. HITE Hedge Asset Management LLC acquired a new stake in Usa Compression Partners in the 3rd quarter valued at approximately $471,000. Riverstone Holdings LLC increased its position in Usa Compression Partners by 1.9% in the 3rd quarter. Riverstone Holdings LLC now owns 24,327,534 shares of the oil and gas company’s stock valued at $406,756,000 after acquiring an additional 444,558 shares during the period. Goldman Sachs Group Inc. increased its position in Usa Compression Partners by 8.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,003,214 shares of the oil and gas company’s stock valued at $16,412,000 after acquiring an additional 79,270 shares during the period. Finally, Chicago Partners Investment Group LLC increased its position in Usa Compression Partners by 12.3% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 87,264 shares of the oil and gas company’s stock valued at $1,459,000 after acquiring an additional 9,543 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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