USA Compression Partners LP (NYSE:USAC) has earned a consensus rating of “Buy” from the eight brokerages that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $18.67.
Several equities research analysts have recently issued reports on USAC shares. TheStreet downgraded shares of USA Compression Partners from a “c-” rating to a “d” rating in a research report on Wednesday, August 28th. Zacks Investment Research upgraded shares of USA Compression Partners from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a report on Friday, October 11th. ValuEngine upgraded shares of USA Compression Partners from a “hold” rating to a “buy” rating in a report on Tuesday, October 1st. Stifel Nicolaus cut shares of USA Compression Partners from a “buy” rating to a “hold” rating and set a $18.00 target price for the company. in a report on Thursday. Finally, Royal Bank of Canada set a $18.00 target price on shares of USA Compression Partners and gave the stock a “buy” rating in a report on Wednesday, August 7th.
Shares of USAC stock opened at $17.33 on Wednesday. The firm has a fifty day moving average of $16.84 and a 200-day moving average of $17.07. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.36 and a quick ratio of 0.82. USA Compression Partners has a 12-month low of $12.09 and a 12-month high of $19.00.
USA Compression Partners (NYSE:USAC) last issued its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported $0.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.03. USA Compression Partners had a net margin of 3.82% and a return on equity of 1.93%. The company had revenue of $173.70 million during the quarter, compared to the consensus estimate of $172.87 million. During the same quarter in the prior year, the firm earned ($0.10) earnings per share. The firm’s revenue was up 4.0% compared to the same quarter last year. Research analysts anticipate that USA Compression Partners will post -0.09 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently made changes to their positions in USAC. Winslow Evans & Crocker Inc. acquired a new position in USA Compression Partners during the second quarter worth $34,000. First PREMIER Bank acquired a new stake in USA Compression Partners in the third quarter valued at $35,000. SG Americas Securities LLC acquired a new stake in USA Compression Partners in the second quarter valued at $145,000. Wells Fargo & Company MN lifted its stake in USA Compression Partners by 16.9% in the second quarter. Wells Fargo & Company MN now owns 9,708 shares of the oil and gas company’s stock valued at $173,000 after acquiring an additional 1,405 shares during the last quarter. Finally, Stephens Inc. AR acquired a new stake in USA Compression Partners in the second quarter valued at $178,000. Institutional investors and hedge funds own 31.07% of the company’s stock.
About USA Compression Partners
USA Compression Partners, LP provides compression services under term contracts with customers in the natural gas and crude oil industries in the United States. The company engineers, designs, operates, services, and repairs its compression units; and maintains related support inventory and equipment.
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