Zacks Investment Research upgraded shares of USA Compression Partners LP (NYSE:USAC) from a sell rating to a hold rating in a 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. “
Other analysts also recently issued reports about the company. FBR & Co started coverage on USA Compression Partners in a research note on Friday, September 9th. They issued an outperform rating and a $21.00 target price for the company. Goldman Sachs Group Inc. downgraded USA Compression Partners from a neutral rating to a sell rating and raised their price objective for the stock from $10.00 to $13.00 in a research report on Tuesday, June 21st. Three research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $14.00.
Shares of USA Compression Partners (NYSE:USAC) opened at 18.44 on Thursday. USA Compression Partners has a 52-week low of $7.03 and a 52-week high of $19.09. The firm’s 50 day moving average is $17.65 and its 200 day moving average is $15.28. The stock’s market capitalization is $1.01 billion.
USA Compression Partners (NYSE:USAC) last issued its earnings results on Thursday, August 4th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by $0.07. USA Compression Partners had a positive return on equity of 4.53% and a negative net margin of 51.30%. The company earned $63.50 million during the quarter, compared to analyst estimates of $64.98 million. During the same period last year, the business earned ($0.34) earnings per share. The firm’s revenue was down 4.4% compared to the same quarter last year. Equities analysts expect that USA Compression Partners will post $0.40 earnings per share for the current year.
A number of institutional investors have recently added to or reduced their stakes in the stock. State Street Corp increased its position in USA Compression Partners by 3.9% in the first quarter. State Street Corp now owns 19,309 shares of the company’s stock valued at $226,000 after buying an additional 723 shares in the last quarter. UBS Group AG increased its position in USA Compression Partners by 193.3% in the first quarter. UBS Group AG now owns 860,151 shares of the company’s stock valued at $10,107,000 after buying an additional 566,919 shares in the last quarter. Mariner Wealth Advisors LLC purchased a new position in USA Compression Partners during the first quarter valued at $118,000. Carlyle Group L.P. increased its position in USA Compression Partners by 211.7% in the first quarter. Carlyle Group L.P. now owns 22,651,056 shares of the company’s stock valued at $266,150,000 after buying an additional 15,383,546 shares in the last quarter. Finally, Harvest Fund Advisors LLC increased its position in USA Compression Partners by 2.4% in the first quarter. Harvest Fund Advisors LLC now owns 1,738,401 shares of the company’s stock valued at $20,426,000 after buying an additional 40,988 shares in the last quarter.
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.