USA Compression Partners (USAC) Upgraded by Royal Bank of Canada to “Outperform”

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Royal Bank of Canada upgraded shares of USA Compression Partners (NYSE:USAC) from a sector perform rating to an outperform rating in a report released on Wednesday, Marketbeat.com reports. They currently have $21.00 target price on the oil and gas company’s stock.

A number of other equities analysts also recently commented on USAC. Zacks Investment Research downgraded USA Compression Partners from a buy rating to a hold rating in a research note on Wednesday, October 24th. Mitsubishi UFJ Financial Group assumed coverage on USA Compression Partners in a research note on Wednesday, September 5th. They issued an overweight rating and a $22.00 target price for the company. ValuEngine upgraded USA Compression Partners from a hold rating to a buy rating in a research note on Wednesday, August 8th. Wells Fargo & Co decreased their target price on USA Compression Partners from $20.00 to $19.00 and set a market perform rating for the company in a research note on Thursday, September 13th. Finally, B. Riley restated a buy rating and issued a $21.00 target price on shares of USA Compression Partners in a research note on Friday, August 31st. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $20.57.

Shares of USA Compression Partners stock opened at $14.53 on Wednesday. The company has a current ratio of 1.32, a quick ratio of 0.86 and a debt-to-equity ratio of 1.21. USA Compression Partners has a fifty-two week low of $14.01 and a fifty-two week high of $19.33.

USA Compression Partners (NYSE:USAC) last announced its quarterly earnings data on Tuesday, November 6th. The oil and gas company reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.06). The firm had revenue of $168.90 million during the quarter, compared to the consensus estimate of $170.93 million. USA Compression Partners had a negative net margin of 1.67% and a positive return on equity of 1.31%. The firm’s quarterly revenue was up 132.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.07 earnings per share. On average, equities analysts predict that USA Compression Partners will post -0.34 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, November 9th. Shareholders of record on Monday, October 29th were paid a $0.525 dividend. This is an increase from USA Compression Partners’s previous quarterly dividend of $0.51. This represents a $2.10 dividend on an annualized basis and a yield of 14.45%. The ex-dividend date of this dividend was Friday, October 26th. USA Compression Partners’s payout ratio is presently 1,312.50%.

A number of hedge funds have recently modified their holdings of USAC. Wells Fargo & Company MN boosted its stake in USA Compression Partners by 41.8% in the first quarter. Wells Fargo & Company MN now owns 16,784 shares of the oil and gas company’s stock valued at $284,000 after acquiring an additional 4,949 shares during the period. Royal Bank of Canada boosted its stake in USA Compression Partners by 19.1% in the first quarter. Royal Bank of Canada now owns 31,715 shares of the oil and gas company’s stock valued at $537,000 after acquiring an additional 5,091 shares during the period. Lucas Capital Management acquired a new position in USA Compression Partners in the second quarter valued at approximately $508,000. Ipswich Investment Management Co. Inc. acquired a new position in USA Compression Partners in the second quarter valued at approximately $247,000. Finally, Perella Weinberg Partners Capital Management LP boosted its stake in USA Compression Partners by 134.8% in the second quarter. Perella Weinberg Partners Capital Management LP now owns 1,051,564 shares of the oil and gas company’s stock valued at $17,698,000 after acquiring an additional 603,657 shares during the period. Institutional investors own 42.53% 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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Analyst Recommendations for USA Compression Partners (NYSE:USAC)

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