USA Compression Partners LP (NYSE:USAC) – Analysts at B. Riley lifted their Q3 2019 earnings per share estimates for shares of USA Compression Partners in a research note issued to investors on Monday, June 10th. B. Riley analyst T. Curran now anticipates that the oil and gas company will earn $0.04 per share for the quarter, up from their prior estimate of $0.03. B. Riley currently has a “Buy” rating and a $22.00 target price on the stock. B. Riley also issued estimates for USA Compression Partners’ Q4 2019 earnings at $0.08 EPS.
USA Compression Partners (NYSE:USAC) last announced its quarterly earnings data on Tuesday, May 7th. The oil and gas company reported ($0.02) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.01). The firm had revenue of $170.70 million during the quarter, compared to analyst estimates of $171.61 million. USA Compression Partners had a net margin of 2.86% and a return on equity of 1.38%. The company’s revenue was up 119.7% on a year-over-year basis. During the same period last year, the business posted ($0.23) EPS.
Several other research firms have also recently commented on USAC. Zacks Investment Research cut USA Compression Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, June 5th. ValuEngine raised USA Compression Partners from a “hold” rating to a “buy” rating in a research report on Tuesday, May 28th. Finally, Stifel Nicolaus assumed coverage on USA Compression Partners in a research report on Thursday, April 4th. They set a “buy” rating and a $18.00 price objective for the company. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $20.17.
Shares of USAC opened at $17.60 on Wednesday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.99 and a current ratio of 1.70. USA Compression Partners has a 1 year low of $12.09 and a 1 year high of $18.43. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of -40.93 and a beta of 1.32.
Several hedge funds and other institutional investors have recently made changes to their positions in USAC. Securian Asset Management Inc boosted its position in USA Compression Partners by 38.3% in the 4th quarter. Securian Asset Management Inc now owns 102,498 shares of the oil and gas company’s stock valued at $1,330,000 after buying an additional 28,400 shares during the period. Fort Washington Investment Advisors Inc. OH boosted its holdings in USA Compression Partners by 39.2% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 24,500 shares of the oil and gas company’s stock worth $318,000 after buying an additional 6,900 shares in the last quarter. Wiley BROS. Aintree Capital LLC purchased a new stake in shares of USA Compression Partners in the fourth quarter valued at about $437,000. Dividend Assets Capital LLC lifted its holdings in shares of USA Compression Partners by 9.9% in the fourth quarter. Dividend Assets Capital LLC now owns 372,330 shares of the oil and gas company’s stock valued at $4,833,000 after purchasing an additional 33,688 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of USA Compression Partners by 72.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 113,090 shares of the oil and gas company’s stock valued at $1,467,000 after buying an additional 47,400 shares during the last quarter. Institutional investors and hedge funds own 34.08% of the company’s stock.
About USA Compression Partners
USA Compression Partners, LP provides compression services under term contracts with customers in the natural gas and crude oil industries in the United States. The company engineers, designs, operates, services, and repairs its compression units; and maintains related support inventory and equipment.
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