Zacks Investment Research Downgrades USA Compression Partners, LP (USAC) to Sell

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, August 9th.

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 equities research analysts also recently issued reports on USAC. Royal Bank Of Canada reiterated a “hold” rating and set a $20.00 price target on shares of USA Compression Partners, in a research report on Friday, April 21st. BidaskClub upgraded shares of USA Compression Partners, from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th.

USA Compression Partners, (USAC) opened at 14.99 on Wednesday. The firm has a market cap of $922.99 million, a PE ratio of 454.24 and a beta of 1.16. USA Compression Partners, has a one year low of $14.30 and a one year high of $19.78. The firm’s 50 day moving average price is $16.51 and its 200-day moving average price is $16.78.

USA Compression Partners, (NYSE:USAC) last posted its quarterly earnings results on Friday, August 4th. The oil and gas company reported $0.05 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.05. USA Compression Partners, had a net margin of 1.20% and a return on equity of 1.38%. The company had revenue of $66 million during the quarter, compared to the consensus estimate of $65.85 million. During the same period last year, the firm earned $0.05 EPS. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. Equities analysts predict that USA Compression Partners, will post $0.26 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently modified their holdings of the company. UBS Group AG increased its position in shares of USA Compression Partners, by 9.1% in the first quarter. UBS Group AG now owns 366,950 shares of the oil and gas company’s stock valued at $6,198,000 after buying an additional 30,466 shares in the last quarter. Carlyle Group L.P. increased its position in shares of USA Compression Partners, by 0.9% in the first quarter. Carlyle Group L.P. now owns 24,135,029 shares of the oil and gas company’s stock valued at $407,641,000 after buying an additional 205,768 shares in the last quarter. Creative Planning increased its position in shares of USA Compression Partners, by 6.5% in the first quarter. Creative Planning now owns 22,950 shares of the oil and gas company’s stock valued at $388,000 after buying an additional 1,400 shares in the last quarter. OppenheimerFunds Inc. increased its position in shares of USA Compression Partners, by 6.5% in the first quarter. OppenheimerFunds Inc. now owns 6,417,478 shares of the oil and gas company’s stock valued at $108,391,000 after buying an additional 392,500 shares in the last quarter. Finally, Morgan Stanley increased its position in shares of USA Compression Partners, by 17.5% in the first quarter. Morgan Stanley now owns 351,462 shares of the oil and gas company’s stock valued at $5,936,000 after buying an additional 52,345 shares in the last quarter.

About USA Compression Partners,

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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