Wall Street Zen Upgrades USA Compression Partners (NYSE:USAC) to “Buy”

USA Compression Partners (NYSE:USAC) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

Several other analysts also recently weighed in on the stock. Mizuho boosted their target price on shares of USA Compression Partners from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, August 29th. Citigroup reiterated a “neutral” rating on shares of USA Compression Partners in a research note on Tuesday, December 2nd. Finally, Zacks Research raised USA Compression Partners from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $25.00.

USA Compression Partners Trading Down 1.1%

NYSE USAC opened at $24.21 on Friday. The firm’s fifty day simple moving average is $23.50 and its two-hundred day simple moving average is $24.10. USA Compression Partners has a 12-month low of $21.53 and a 12-month high of $30.10. The firm has a market capitalization of $2.97 billion, a P/E ratio of 30.26 and a beta of 0.24.

USA Compression Partners (NYSE:USAC) last released its quarterly earnings results on Wednesday, November 5th. The oil and gas company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.04. USA Compression Partners had a negative return on equity of 76.84% and a net margin of 10.99%.The company had revenue of $250.26 million during the quarter, compared to analysts’ expectations of $250.23 million. As a group, sell-side analysts predict that USA Compression Partners will post 1.05 earnings per share for the current fiscal year.

Institutional Trading of USA Compression Partners

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Alps Advisors Inc. lifted its holdings in USA Compression Partners by 9.6% in the third quarter. Alps Advisors Inc. now owns 17,105,738 shares of the oil and gas company’s stock valued at $410,538,000 after acquiring an additional 1,500,640 shares during the period. Invesco Ltd. lifted its stake in shares of USA Compression Partners by 0.7% in the 1st quarter. Invesco Ltd. now owns 12,360,573 shares of the oil and gas company’s stock valued at $333,488,000 after purchasing an additional 86,122 shares during the period. JPMorgan Chase & Co. boosted its holdings in USA Compression Partners by 274.5% during the second quarter. JPMorgan Chase & Co. now owns 5,351,079 shares of the oil and gas company’s stock worth $130,085,000 after buying an additional 3,922,383 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in USA Compression Partners by 14.1% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,305,265 shares of the oil and gas company’s stock valued at $128,971,000 after buying an additional 654,001 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in USA Compression Partners by 82.7% during the first quarter. Goldman Sachs Group Inc. now owns 2,863,377 shares of the oil and gas company’s stock valued at $77,254,000 after buying an additional 1,296,339 shares during the period. 47.77% of the stock is owned by institutional investors and hedge funds.

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.