USA Compression Partners (NYSE:USAC) Given New $24.00 Price Target at Mizuho

USA Compression Partners (NYSE:USAC) had its price objective dropped by investment analysts at Mizuho from $25.00 to $24.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the oil and gas company’s stock. Mizuho’s target price suggests a potential upside of 4.12% from the company’s current price.

Several other equities analysts also recently commented on USAC. Citigroup initiated coverage on USA Compression Partners in a report on Friday, September 27th. They set a “neutral” rating and a $23.00 price target on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $26.00 target price on shares of USA Compression Partners in a report on Thursday, September 12th. Finally, StockNews.com cut shares of USA Compression Partners from a “buy” rating to a “hold” rating in a report on Thursday, July 11th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $25.40.

USA Compression Partners Trading Up 0.5 %

USAC stock opened at $23.05 on Wednesday. The firm has a market cap of $2.37 billion, a PE ratio of 56.22 and a beta of 1.32. USA Compression Partners has a 1 year low of $21.06 and a 1 year high of $28.47. The company has a fifty day simple moving average of $22.34 and a 200 day simple moving average of $23.93.

USA Compression Partners (NYSE:USAC) last announced its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. The company had revenue of $235.31 million during the quarter, compared to analysts’ expectations of $232.86 million. USA Compression Partners had a negative return on equity of 40.62% and a net margin of 9.77%. As a group, analysts forecast that USA Compression Partners will post 0.82 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Eric D. Long sold 1,786 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $22.81, for a total transaction of $40,738.66. Following the completion of the transaction, the insider now owns 307,026 shares of the company’s stock, valued at $7,003,263.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Eric D. Long sold 21,396 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $22.27, for a total transaction of $476,488.92. Following the completion of the transaction, the insider now directly owns 1,786 shares of the company’s stock, valued at approximately $39,774.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Eric D. Long sold 1,786 shares of USA Compression Partners stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $22.81, for a total transaction of $40,738.66. Following the sale, the insider now owns 307,026 shares in the company, valued at $7,003,263.06. The disclosure for this sale can be found here.

Institutional Investors Weigh In On USA Compression Partners

A number of institutional investors have recently added to or reduced their stakes in the stock. Jennison Associates LLC bought a new position in shares of USA Compression Partners during the 1st quarter worth approximately $4,775,000. Lincoln National Corp bought a new position in shares of USA Compression Partners during the first quarter valued at $2,814,000. Wells Fargo & Company MN boosted its stake in shares of USA Compression Partners by 39.3% in the 4th quarter. Wells Fargo & Company MN now owns 303,469 shares of the oil and gas company’s stock valued at $6,928,000 after purchasing an additional 85,692 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of USA Compression Partners by 12.7% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 533,424 shares of the oil and gas company’s stock worth $12,658,000 after purchasing an additional 60,010 shares during the last quarter. Finally, Custom Index Systems LLC acquired a new stake in shares of USA Compression Partners during the 2nd quarter worth about $1,329,000. 47.77% of the stock is owned by institutional investors and hedge funds.

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.