USA Compression Partners LP (USAC) Upgraded to Hold at Zacks Investment Research
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 research analysts also recently commented on USAC. Goldman Sachs Group Inc. downgraded shares of USA Compression Partners from a neutral rating to a sell rating and boosted their price objective for the company from $10.00 to $13.00 in a research report on Tuesday, June 21st. FBR & Co assumed coverage on shares of USA Compression Partners in a research report on Friday, September 9th. They issued an outperform rating and a $21.00 target price for the company. Three research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $14.00.
Shares of USA Compression Partners (NYSE:USAC) traded down 0.38% during trading on Thursday, hitting $18.54. 54,440 shares of the stock were exchanged. The stock’s 50 day moving average is $17.49 and its 200-day moving average is $15.12. The stock’s market cap is $1.02 billion. USA Compression Partners has a 12-month low of $7.03 and a 12-month high of $19.09.
USA Compression Partners (NYSE:USAC) last released its earnings results on Thursday, August 4th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.12 by $0.07. The firm earned $63.50 million during the quarter, compared to analysts’ expectations of $64.98 million. USA Compression Partners had a positive return on equity of 4.53% and a negative net margin of 51.30%. The business’s revenue was down 4.4% on a year-over-year basis. During the same period last year, the business earned ($0.34) earnings per share. Equities research analysts anticipate that USA Compression Partners will post $0.40 EPS for the current year.
Several hedge funds have recently modified their holdings of the company. Mariner Wealth Advisors LLC purchased a new stake in shares of USA Compression Partners during the first quarter worth $118,000. Barnett & Company Inc. boosted its stake in shares of USA Compression Partners by 20.4% in the second quarter. Barnett & Company Inc. now owns 17,100 shares of the company’s stock worth $251,000 after buying an additional 2,900 shares during the last quarter. State Street Corp boosted its stake in shares of USA Compression Partners by 3.9% in the first quarter. State Street Corp now owns 19,309 shares of the company’s stock worth $226,000 after buying an additional 723 shares during the last quarter. Creative Planning boosted its stake in shares of USA Compression Partners by 0.5% in the second quarter. Creative Planning now owns 21,502 shares of the company’s stock worth $315,000 after buying an additional 100 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in shares of USA Compression Partners during the second quarter worth $333,000.
USA Compression Partners Company Profile
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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