Wall Street Zen Downgrades USA Compression Partners (NYSE:USAC) to Hold

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

Several other equities research analysts also recently weighed in on USAC. Mizuho increased their price target on USA Compression Partners from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Monday, January 12th. Stifel Nicolaus upped their price objective on USA Compression Partners from $27.00 to $30.00 and gave the company a “hold” rating in a research report on Wednesday. Zacks Research lowered USA Compression Partners from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Finally, Citigroup reissued a “neutral” rating on shares of USA Compression Partners in a research note on Tuesday, December 2nd. Four investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, USA Compression Partners has an average rating of “Reduce” and a consensus price target of $26.75.

USA Compression Partners Trading Down 0.2%

USA Compression Partners stock opened at $26.84 on Friday. USA Compression Partners has a 12-month low of $21.59 and a 12-month high of $28.67. The firm has a 50-day moving average price of $24.90 and a 200-day moving average price of $24.13. The firm has a market capitalization of $3.89 billion, a PE ratio of 31.95 and a beta of 0.23.

USA Compression Partners (NYSE:USAC) last issued its quarterly earnings results on Tuesday, February 17th. The oil and gas company reported $0.28 EPS for the quarter, meeting the consensus estimate of $0.28. USA Compression Partners had a net margin of 11.15% and a negative return on equity of 87.34%. The company had revenue of $252.48 million for the quarter, compared to the consensus estimate of $253.43 million. As a group, sell-side analysts predict that USA Compression Partners will post 1.05 earnings per share for the current fiscal year.

Hedge Funds Weigh In On USA Compression Partners

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. increased 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 buying an additional 3,922,383 shares during the period. Alps Advisors Inc. grew its holdings in USA Compression Partners by 9.6% during the 3rd quarter. Alps Advisors Inc. now owns 17,105,738 shares of the oil and gas company’s stock worth $410,538,000 after acquiring an additional 1,500,640 shares in the last quarter. Morgan Stanley increased its position in USA Compression Partners by 123.5% during the 4th quarter. Morgan Stanley now owns 2,712,603 shares of the oil and gas company’s stock valued at $62,390,000 after purchasing an additional 1,498,928 shares during the period. Goldman Sachs Group Inc. increased its position in 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 valued at $77,254,000 after purchasing an additional 1,296,339 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of 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 valued at $128,971,000 after purchasing an additional 654,001 shares in the last quarter. Institutional investors own 47.77% of the company’s stock.

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.