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 research reports. FBR & Co started coverage on USA Compression Partners in a research note on Friday, September 9th. They set an “outperform” rating and a $21.00 price objective on the stock. Goldman Sachs Group Inc. cut USA Compression Partners from a “neutral” rating to a “sell” rating and boosted their price objective for the stock from $10.00 to $13.00 in a research note on Tuesday, June 21st. Four research analysts have rated the stock with a sell rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $14.00.
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USA Compression Partners (NYSE:USAC) opened at 18.37 on Wednesday. The stock’s market cap is $1.01 billion. USA Compression Partners has a 1-year low of $7.03 and a 1-year high of $19.09. The company’s 50-day moving average price is $17.72 and its 200-day moving average price is $15.33.
USA Compression Partners (NYSE:USAC) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.12 by $0.07. The company had revenue of $63.50 million for the quarter, compared to analyst estimates of $64.98 million. USA Compression Partners had a positive return on equity of 4.53% and a negative net margin of 51.30%. The company’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.34) EPS. Analysts predict that USA Compression Partners will post $0.40 EPS for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mariner Wealth Advisors LLC acquired a new position in USA Compression Partners during the first quarter valued at approximately $118,000. State Street Corp raised its stake in shares of USA Compression Partners by 3.9% in the first quarter. State Street Corp now owns 19,309 shares of the company’s stock valued at $226,000 after buying an additional 723 shares in the last quarter. Ipswich Investment Management Co. Inc. raised its stake in shares of USA Compression Partners by 4.6% in the third quarter. Ipswich Investment Management Co. Inc. now owns 13,075 shares of the company’s stock valued at $246,000 after buying an additional 575 shares in the last quarter. Barnett & Company Inc. raised its stake in shares of USA Compression Partners by 20.4% in the second quarter. Barnett & Company Inc. now owns 17,100 shares of the company’s stock valued at $251,000 after buying an additional 2,900 shares in the last quarter. Finally, Creative Planning raised its stake in shares of USA Compression Partners by 0.5% in the second quarter. Creative Planning now owns 21,502 shares of the company’s stock valued at $315,000 after buying an additional 100 shares in the last quarter.
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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