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

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

Other equities research analysts have also issued research reports about the company. Citigroup reiterated a “neutral” rating on shares of USA Compression Partners in a research note on Tuesday, December 2nd. Zacks Research cut USA Compression Partners from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 1st. Finally, Mizuho upped their price target on USA Compression Partners from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Monday, January 12th. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, USA Compression Partners currently has an average rating of “Reduce” and a consensus target price of $25.67.

USA Compression Partners Stock Up 0.8%

USAC stock opened at $26.35 on Friday. The business’s 50-day moving average price is $24.48 and its 200-day moving average price is $23.95. The stock has a market cap of $3.23 billion, a P/E ratio of 32.94 and a beta of 0.23. USA Compression Partners has a twelve month low of $21.59 and a twelve month high of $30.10.

USA Compression Partners (NYSE:USAC) last issued its quarterly earnings results on Wednesday, November 5th. The oil and gas company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.04. The business had revenue of $250.26 million for the quarter, compared to the consensus estimate of $250.23 million. USA Compression Partners had a net margin of 10.99% and a negative return on equity of 76.84%. On average, equities research analysts expect that USA Compression Partners will post 1.05 earnings per share for the current fiscal year.

Institutional Investors Weigh In On USA Compression Partners

Several hedge funds and other institutional investors have recently modified their holdings of the business. Goldman Sachs Group Inc. lifted its stake in shares of USA Compression Partners by 82.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,863,377 shares of the oil and gas company’s stock worth $77,254,000 after acquiring an additional 1,296,339 shares during the last quarter. D.A. Davidson & CO. lifted its position in shares of USA Compression Partners by 15.6% during the second quarter. D.A. Davidson & CO. now owns 23,227 shares of the oil and gas company’s stock worth $565,000 after purchasing an additional 3,129 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of 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 valued at $130,085,000 after purchasing an additional 3,922,383 shares during the period. Global Retirement Partners LLC bought a new position in shares of USA Compression Partners in the second quarter worth about $255,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in USA Compression Partners by 14.1% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,305,265 shares of the oil and gas company’s stock worth $128,971,000 after buying an additional 654,001 shares during the period. 47.77% of the stock is currently owned by hedge funds and other institutional investors.

USA Compression Partners Company Profile

USA Compression Partners (NYSE: USAC) is a Houston-based master limited partnership specializing in natural gas compression services for oil and gas producers. The company offers a full suite of midstream compression solutions designed to enhance production flow and optimize field operations. Its core activities include the design, engineering, fabrication, installation, operation and maintenance of natural gas compression equipment onshore across key U.S. basins.

USA Compression’s product and service offerings encompass new equipment deployment, aftermarket parts and component sales, field service support, and instrumentation and control systems.