USA Compression Partners, LP (NYSE:USAC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Thursday. The brokerage presently has a $19.00 price target on the oil and gas company’s stock. Zacks Investment Research‘s price target suggests a potential upside of 10.53% from the company’s previous close.

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. “

Other research analysts also recently issued research reports about the company. BidaskClub raised USA Compression Partners, from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 27th. Janney Montgomery Scott began coverage on USA Compression Partners, in a research note on Friday, September 1st. They issued a “neutral” rating and a $16.00 price target for the company. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $20.00 price target on shares of USA Compression Partners, in a research note on Monday, July 31st. Finally, ValuEngine downgraded USA Compression Partners, from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $18.33.

Shares of USA Compression Partners, (USAC) traded up 2.08% during trading on Thursday, hitting $17.19. 73,089 shares of the stock were exchanged. USA Compression Partners, has a 1-year low of $14.30 and a 1-year high of $19.78. The company has a market cap of $1.06 billion, a P/E ratio of 520.91 and a beta of 1.18. The firm’s 50-day moving average is $15.77 and its 200 day moving average is $16.33.

USA Compression Partners, (NYSE:USAC) last posted its quarterly earnings results on Friday, August 4th. The oil and gas company reported $0.05 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.05. The business had revenue of $66.00 million during the quarter, compared to the consensus estimate of $65.85 million. USA Compression Partners, had a return on equity of 1.38% and a net margin of 1.20%. USA Compression Partners,’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.05 earnings per share. Equities analysts forecast that USA Compression Partners, will post $0.26 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “USA Compression Partners, LP (USAC) Upgraded to “Buy” at Zacks Investment Research” was first published by American Banking News and is owned by of American Banking News. If you are accessing this news story on another site, it was illegally copied and reposted in violation of international trademark & copyright legislation. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2017/10/05/usa-compression-partners-lp-usac-upgraded-to-buy-at-zacks-investment-research.html.

A number of hedge funds have recently bought and sold shares of USAC. First Trust Advisors LP acquired a new position in USA Compression Partners, in the second quarter valued at about $12,741,000. Carlyle Group L.P. raised its stake in USA Compression Partners, by 1.6% in the second quarter. Carlyle Group L.P. now owns 24,513,196 shares of the oil and gas company’s stock valued at $401,036,000 after purchasing an additional 378,167 shares in the last quarter. Riverstone Holdings LLC raised its stake in USA Compression Partners, by 1.6% in the second quarter. Riverstone Holdings LLC now owns 23,882,976 shares of the oil and gas company’s stock valued at $390,725,000 after purchasing an additional 368,445 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in USA Compression Partners, by 62.3% in the first quarter. Goldman Sachs Group Inc. now owns 923,944 shares of the oil and gas company’s stock valued at $15,605,000 after purchasing an additional 354,499 shares in the last quarter. Finally, FMR LLC acquired a new position in USA Compression Partners, in the first quarter valued at about $2,162,000.

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.

Get a free copy of the Zacks research report on USA Compression Partners, (USAC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for USA Compression Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for USA Compression Partners LP and related companies with MarketBeat.com's FREE daily email newsletter.