Usa Compression Partners (NYSE:USAC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Saturday.
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. “
A number of other research firms have also recently issued reports on USAC. JPMorgan Chase & Co. raised Usa Compression Partners from a “neutral” rating to an “overweight” rating and set a $22.00 price objective for the company in a research report on Friday. B. Riley raised Usa Compression Partners from a “neutral” rating to a “buy” rating and raised their price objective for the company from $18.00 to $21.00 in a research report on Wednesday. BidaskClub raised Usa Compression Partners from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 27th. Finally, Royal Bank of Canada raised their price objective on Usa Compression Partners from $17.00 to $18.00 and gave the company a “sector perform” rating in a research report on Wednesday, November 8th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. Usa Compression Partners currently has a consensus rating of “Hold” and a consensus target price of $19.40.
Usa Compression Partners (NYSE:USAC) last released its quarterly earnings data on Tuesday, November 7th. The oil and gas company reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.01). Usa Compression Partners had a net margin of 3.63% and a return on equity of 1.62%. The business had revenue of $72.79 million during the quarter, compared to analyst estimates of $68.82 million. During the same period in the previous year, the business earned ($0.04) earnings per share. The business’s quarterly revenue was up 19.1% on a year-over-year basis. sell-side analysts forecast that Usa Compression Partners will post 0.26 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Carlyle Group L.P. increased its stake in shares of Usa Compression Partners by 1.6% during the second quarter. Carlyle Group L.P. now owns 24,513,196 shares of the oil and gas company’s stock worth $401,036,000 after purchasing an additional 378,167 shares during the period. Riverstone Holdings LLC increased its stake in shares of Usa Compression Partners by 1.9% during the third quarter. Riverstone Holdings LLC now owns 24,327,534 shares of the oil and gas company’s stock worth $406,756,000 after purchasing an additional 444,558 shares during the period. Harvest Fund Advisors LLC increased its stake in shares of Usa Compression Partners by 21.1% during the third quarter. Harvest Fund Advisors LLC now owns 2,245,460 shares of the oil and gas company’s stock worth $37,544,000 after purchasing an additional 391,139 shares during the period. Center Coast Capital Advisors LP increased its stake in shares of Usa Compression Partners by 4.7% during the third quarter. Center Coast Capital Advisors LP now owns 1,889,668 shares of the oil and gas company’s stock worth $31,595,000 after purchasing an additional 85,000 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in shares of Usa Compression Partners by 8.6% during the second quarter. Goldman Sachs Group Inc. now owns 1,003,214 shares of the oil and gas company’s stock worth $16,412,000 after purchasing an additional 79,270 shares during the period.
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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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