USA Compression Partners (NYSE:USAC) was downgraded by Wells Fargo & Co from an “equal weight” rating to an “underweight” rating in a note issued to investors on Tuesday, January 7th, MarketBeat.com reports. They presently have a $17.00 price objective on the oil and gas company’s stock. Wells Fargo & Co‘s price target would suggest a potential downside of 2.91% from the stock’s previous close.
Several other equities analysts have also recently commented on USAC. Stifel Nicolaus cut USA Compression Partners from a “buy” rating to a “hold” rating and set a $18.00 price target for the company. in a report on Thursday, October 17th. ValuEngine raised USA Compression Partners from a “hold” rating to a “buy” rating in a report on Tuesday, October 1st. UBS Group cut USA Compression Partners from a “buy” rating to a “neutral” rating in a report on Friday, January 3rd. Finally, Zacks Investment Research raised USA Compression Partners from a “hold” rating to a “strong-buy” rating and set a $19.00 target price for the company in a report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $18.50.
NYSE:USAC traded down $0.05 during mid-day trading on Tuesday, hitting $17.51. 42,074 shares of the company’s stock traded hands, compared to its average volume of 215,731. The firm has a 50 day moving average of $16.96 and a two-hundred day moving average of $17.06. USA Compression Partners has a 12 month low of $14.03 and a 12 month high of $19.00. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of -40.72 and a beta of 1.29. The company has a current ratio of 1.35, a quick ratio of 0.81 and a debt-to-equity ratio of 1.49.
USA Compression Partners (NYSE:USAC) last posted its quarterly earnings results on Tuesday, November 5th. The oil and gas company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.06. The firm had revenue of $175.76 million during the quarter, compared to analysts’ expectations of $172.88 million. USA Compression Partners had a return on equity of 3.07% and a net margin of 5.78%. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.10) EPS. As a group, equities research analysts expect that USA Compression Partners will post -0.04 earnings per share for the current year.
Large investors have recently bought and sold shares of the company. First PREMIER Bank bought a new position in USA Compression Partners during the third quarter worth about $35,000. Wells Fargo & Company MN grew its holdings in USA Compression Partners by 16.9% during the second quarter. Wells Fargo & Company MN now owns 9,708 shares of the oil and gas company’s stock worth $173,000 after purchasing an additional 1,405 shares during the period. Abacus Planning Group Inc. bought a new position in USA Compression Partners during the third quarter worth about $173,000. Stephens Inc. AR grew its holdings in USA Compression Partners by 10.5% during the third quarter. Stephens Inc. AR now owns 11,074 shares of the oil and gas company’s stock worth $191,000 after purchasing an additional 1,050 shares during the period. Finally, Jane Street Group LLC bought a new position in USA Compression Partners during the second quarter worth about $194,000. Institutional investors and hedge funds own 31.05% of the company’s stock.
USA Compression Partners Company Profile
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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