Wall Street Zen Upgrades USA Compression Partners (NYSE:USAC) to “Buy”

USA Compression Partners (NYSE:USAC) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Several other research analysts also recently issued reports on the stock. Royal Bank Of Canada boosted their price objective on shares of USA Compression Partners from $29.00 to $30.00 and gave the stock a “sector perform” rating in a report on Friday, June 5th. Mizuho increased their target price on shares of USA Compression Partners from $28.00 to $29.00 and gave the company a “neutral” rating in a research note on Friday, June 12th. Zacks Research cut shares of USA Compression Partners from a “hold” rating to a “strong sell” rating in a research note on Monday, July 6th. Finally, Citigroup lifted their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $29.25.

USA Compression Partners Trading Down 0.1%

Shares of USA Compression Partners stock opened at $26.89 on Friday. The company’s fifty day simple moving average is $26.35 and its 200-day simple moving average is $27.16. The company has a market cap of $3.90 billion, a price-to-earnings ratio of 25.37 and a beta of 0.22. The company has a current ratio of 1.35, a quick ratio of 0.68 and a debt-to-equity ratio of 10.25. USA Compression Partners has a 1 year low of $21.85 and a 1 year high of $30.55.

USA Compression Partners (NYSE:USAC) last announced its earnings results on Tuesday, August 4th. The oil and gas company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.03. USA Compression Partners had a net margin of 12.43% and a return on equity of 179.77%. The business had revenue of $342.15 million for the quarter, compared to analyst estimates of $340.49 million. As a group, sell-side analysts expect that USA Compression Partners will post 0.98 EPS for the current year.

Insiders Place Their Bets

In other USA Compression Partners news, Director Bradford D. Whitehurst purchased 6,000 shares of the firm’s stock in a transaction on Friday, August 21st. The shares were purchased at an average price of $26.10 per share, for a total transaction of $156,600.00. Following the completion of the purchase, the director directly owned 43,616 shares of the company’s stock, valued at approximately $1,138,377.60. This represents a 15.95% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Hedge Funds Weigh In On USA Compression Partners

Hedge funds and other institutional investors have recently made changes to their positions in the business. Alps Advisors Inc. boosted its position in shares of USA Compression Partners by 3.8% during the 4th quarter. Alps Advisors Inc. now owns 17,748,200 shares of the oil and gas company’s stock valued at $408,209,000 after acquiring an additional 642,462 shares in the last quarter. JPMorgan Chase & Co. increased its stake in USA Compression Partners by 29.8% in the fourth quarter. JPMorgan Chase & Co. now owns 4,599,073 shares of the oil and gas company’s stock valued at $105,779,000 after acquiring an additional 1,056,548 shares during the period. Goldman Sachs Group Inc. raised its position in USA Compression Partners by 9.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,344,670 shares of the oil and gas company’s stock worth $76,927,000 after purchasing an additional 302,491 shares in the last quarter. Morgan Stanley raised its position in USA Compression Partners by 123.5% in the fourth quarter. Morgan Stanley now owns 2,712,603 shares of the oil and gas company’s stock worth $62,390,000 after purchasing an additional 1,498,928 shares in the last quarter. Finally, Raymond James Financial Inc. raised its position in USA Compression Partners by 2.5% in the third quarter. Raymond James Financial Inc. now owns 562,735 shares of the oil and gas company’s stock worth $13,506,000 after purchasing an additional 13,992 shares in the last quarter. 47.77% of the stock is owned by institutional investors.

About USA Compression Partners

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.