Mizuho Raises USA Compression Partners (NYSE:USAC) Price Target to $29.00

USA Compression Partners (NYSE:USAC) had its price target raised by stock analysts at Mizuho from $28.00 to $29.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the oil and gas company’s stock. Mizuho’s price objective would indicate a potential upside of 3.63% from the stock’s previous close.

A number of other equities research analysts have also recently weighed in on USAC. Zacks Research cut shares of USA Compression Partners from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 16th. Texas Capital upgraded shares of USA Compression Partners from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 9th. Citigroup boosted their price objective on shares of USA Compression Partners from $26.00 to $28.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. Stifel Nicolaus boosted their price objective on shares of USA Compression Partners from $27.00 to $30.00 and gave the stock a “hold” rating in a research report on Wednesday, February 18th. Finally, Wall Street Zen cut shares of USA Compression Partners from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $28.40.

USA Compression Partners Stock Performance

USAC opened at $27.99 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.55 and a debt-to-equity ratio of 9.41. The company has a market cap of $4.06 billion, a price-to-earnings ratio of 28.85 and a beta of 0.21. USA Compression Partners has a 52-week low of $21.85 and a 52-week high of $30.55. The firm’s fifty day simple moving average is $27.95 and its two-hundred day simple moving average is $26.47.

USA Compression Partners (NYSE:USAC) last posted its quarterly earnings results on Tuesday, May 5th. The oil and gas company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.08). The business had revenue of $331.28 million during the quarter, compared to analysts’ expectations of $308.35 million. USA Compression Partners had a negative return on equity of 807.33% and a net margin of 11.91%. Equities analysts anticipate that USA Compression Partners will post 1.21 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. BNP Paribas Financial Markets raised its holdings in USA Compression Partners by 233.3% in 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 buying an additional 1,010 shares during the period. State of Wyoming acquired a new stake in shares of USA Compression Partners during the third quarter worth approximately $64,000. MV Capital Management Inc. acquired a new stake in shares of USA Compression Partners during the fourth quarter worth approximately $86,000. Caprock Group LLC acquired a new position in USA Compression Partners in the third quarter worth $205,000. Finally, One Charles Private Wealth Services LLC acquired a new position in USA Compression Partners in the first quarter worth $212,000. 47.77% of the stock is currently owned by hedge funds and other institutional investors.

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.