USA Compression Partners (NYSE:USAC) Raised to Strong-Buy at Zacks Research

USA Compression Partners (NYSE:USAC) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

Separately, Mizuho increased their target price on USA Compression Partners from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $25.50.

USA Compression Partners Stock Performance

Shares of USAC stock opened at $23.68 on Thursday. The firm has a market capitalization of $2.91 billion, a price-to-earnings ratio of 29.60 and a beta of 0.36. The company has a 50 day moving average price of $23.37 and a 200 day moving average price of $24.15. USA Compression Partners has a one year low of $21.53 and a one year high of $30.10.

USA Compression Partners (NYSE:USAC) last released its quarterly earnings data on Wednesday, November 5th. The oil and gas company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.04. USA Compression Partners had a net margin of 10.99% and a negative return on equity of 77.16%. The company had revenue of $250.26 million during the quarter, compared to analyst estimates of $250.23 million. As a group, equities analysts forecast that USA Compression Partners will post 1.05 EPS for the current fiscal year.

Institutional Investors Weigh In On USA Compression Partners

Several institutional investors and hedge funds have recently bought and sold shares of USAC. Kestra Private Wealth Services LLC bought a new stake in shares of USA Compression Partners in the 1st quarter valued at approximately $230,000. IFG Advisory LLC bought a new stake in USA Compression Partners in the first quarter valued at $202,000. Chicago Partners Investment Group LLC raised its stake in USA Compression Partners by 1.2% during the first quarter. Chicago Partners Investment Group LLC now owns 77,957 shares of the oil and gas company’s stock worth $2,103,000 after acquiring an additional 955 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of USA Compression Partners by 0.7% during the first quarter. Invesco Ltd. now owns 12,360,573 shares of the oil and gas company’s stock valued at $333,488,000 after acquiring an additional 86,122 shares during the period. Finally, HighTower Advisors LLC lifted its holdings in shares of USA Compression Partners by 2.9% during the first quarter. HighTower Advisors LLC now owns 35,957 shares of the oil and gas company’s stock valued at $970,000 after acquiring an additional 1,022 shares during the period. Institutional investors own 47.77% 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.