USA Compression Partners (NYSE:USAC) Price Target Raised to $31.00 at Royal Bank Of Canada

USA Compression Partners (NYSE:USAC) had its price objective increased by investment analysts at Royal Bank Of Canada from $30.00 to $31.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has a “sector perform” rating on the oil and gas company’s stock. Royal Bank Of Canada’s price target would suggest a potential upside of 14.35% from the stock’s previous close.

A number of other brokerages have also recently commented on USAC. Citigroup boosted their price target on USA Compression Partners from $26.00 to $28.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. Mizuho raised their price objective on USA Compression Partners from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Friday, June 12th. Zacks Research cut USA Compression Partners from a “hold” rating to a “strong sell” rating in a research note on Monday, July 6th. Finally, Wall Street Zen raised USA Compression Partners from a “hold” rating to a “buy” rating in a research note on Saturday. One analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $29.50.

USA Compression Partners Stock Up 0.7%

Shares of USA Compression Partners stock opened at $27.11 on Tuesday. USA Compression Partners has a 1 year low of $21.85 and a 1 year high of $30.55. The firm has a market cap of $3.93 billion, a price-to-earnings ratio of 25.58 and a beta of 0.22. The company has a 50-day moving average of $26.38 and a 200 day moving average of $27.16. 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 posted its quarterly earnings data on Tuesday, August 4th. The oil and gas company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.28 by $0.03. The business had revenue of $342.15 million for the quarter, compared to analyst estimates of $340.49 million. USA Compression Partners had a net margin of 12.43% and a return on equity of 179.77%. As a group, sell-side analysts anticipate that USA Compression Partners will post 0.98 earnings per share for the current fiscal year.

Insider Transactions at USA Compression Partners

In other USA Compression Partners news, Director Bradford D. Whitehurst bought 6,000 shares of the business’s stock in a transaction on Friday, August 21st. The shares were acquired at an average cost of $26.10 per share, for a total transaction of $156,600.00. Following the purchase, the director owned 43,616 shares in the company, valued at approximately $1,138,377.60. This trade represents a 15.95% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets lifted its holdings in shares of USA Compression Partners by 233.3% during the third quarter. BNP Paribas Financial Markets now owns 1,443 shares of the oil and gas company’s stock valued at $35,000 after purchasing an additional 1,010 shares in the last quarter. MV Capital Management Inc. bought a new stake in USA Compression Partners in the 4th quarter worth about $86,000. First Bancorp Inc ME purchased a new position in USA Compression Partners in the 2nd quarter worth about $117,000. One Charles Private Wealth Services LLC purchased a new position in USA Compression Partners in the 1st quarter worth about $212,000. Finally, Texas Yale Capital Corp. bought a new position in USA Compression Partners during the 4th quarter valued at about $224,000. Hedge funds and other 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.