USA Compression Partners LP (USAC) Downgraded by Zacks Investment Research
USA Compression Partners LP (NYSE:USAC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.
According to Zacks, “USA Compression Partners, LP is engaged in providing compression services primarily in the United States. It designs, engineers, operates and maintains natural gas compressor packages. The Company’s customer base is comprised of producers, processors, gatherers and transporters of natural gas. It generally provides its compression services primarily under long-term, fixed fee contracts. USA Compression Partners, LP is headquartered in Austin, Texas. “
USAC has been the topic of a number of other reports. FBR & Co assumed coverage on shares of USA Compression Partners in a report on Friday, September 9th. They issued an “outperform” rating and a $21.00 target price on the stock. Goldman Sachs Group Inc. lowered shares of USA Compression Partners from a “neutral” rating to a “sell” rating and upped their target price for the company from $10.00 to $13.00 in a report on Tuesday, June 21st. Four analysts have rated the stock with a sell rating and two have given a buy rating to the stock. USA Compression Partners currently has a consensus rating of “Hold” and a consensus price target of $14.00.
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Shares of USA Compression Partners (NYSE:USAC) traded up 1.31% on Wednesday, hitting $18.61. 29,145 shares of the company were exchanged. USA Compression Partners has a 52-week low of $7.03 and a 52-week high of $19.09. The company has a 50-day moving average price of $17.72 and a 200 day moving average price of $15.33. The firm’s market cap is $1.02 billion.
USA Compression Partners (NYSE:USAC) last released its earnings results on Thursday, August 4th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by $0.07. The firm earned $63.50 million during the quarter, compared to analysts’ expectations of $64.98 million. USA Compression Partners had a negative net margin of 51.30% and a positive return on equity of 4.53%. USA Compression Partners’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter last year, the company posted ($0.34) earnings per share. Analysts predict that USA Compression Partners will post $0.40 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Carlyle Group L.P. raised its position in shares of USA Compression Partners by 211.7% in the first quarter. Carlyle Group L.P. now owns 22,651,056 shares of the company’s stock valued at $266,150,000 after buying an additional 15,383,546 shares during the last quarter. UBS Group AG increased its stake in USA Compression Partners by 193.3% in the first quarter. UBS Group AG now owns 860,151 shares of the company’s stock worth $10,107,000 after buying an additional 566,919 shares during the period. Lyon Street Capital LLC acquired a new stake in USA Compression Partners during the second quarter worth about $1,237,000. Barclays PLC increased its stake in USA Compression Partners by 137.7% in the second quarter. Barclays PLC now owns 76,951 shares of the company’s stock worth $1,128,000 after buying an additional 44,581 shares during the period. Finally, Harvest Fund Advisors LLC increased its stake in USA Compression Partners by 2.4% in the first quarter. Harvest Fund Advisors LLC now owns 1,738,401 shares of the company’s stock worth $20,426,000 after buying an additional 40,988 shares during the period.
USA Compression Partners Company Profile
USA Compression Partners, LP is an independent provider of compression services in the United States. The Company provides compression services to its customers primarily in connection with infrastructure applications, including both allowing for the processing and transportation of natural gas through the domestic pipeline system and managing crude oil production through artificial lift processes.
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