Zacks Investment Research upgraded shares of Usa Compression Partners (NYSE:USAC) from a hold rating to a buy rating in a research note published on Friday. Zacks Investment Research currently has $20.00 price target on the oil and gas company’s stock.
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. “
USAC has been the topic of a number of other research reports. B. Riley set a $18.00 price target on Usa Compression Partners and gave the company a neutral rating in a research report on Monday, December 18th. Royal Bank of Canada raised their price target 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. Finally, BidaskClub upgraded Usa Compression Partners from a strong sell rating to a sell rating in a research report on Wednesday, September 27th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $18.00.
Usa Compression Partners (NYSE:USAC) last released its quarterly earnings results on Tuesday, November 7th. The oil and gas company reported $0.07 earnings per share 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 firm had revenue of $72.79 million for the quarter, compared to analysts’ expectations of $68.82 million. During the same quarter in the previous year, the business earned ($0.04) EPS. The company’s revenue for the quarter was up 19.1% on a year-over-year basis. equities research analysts forecast that Usa Compression Partners will post 0.26 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in USAC. Tower Research Capital LLC TRC purchased a new position in shares of Usa Compression Partners in the second quarter worth about $225,000. IHT Wealth Management LLC purchased a new position in shares of Usa Compression Partners in the second quarter worth about $241,000. HITE Hedge Asset Management LLC purchased a new position in shares of Usa Compression Partners in the third quarter worth about $471,000. Arrow Investment Advisors LLC purchased a new position in shares of Usa Compression Partners in the second quarter worth about $670,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Usa Compression Partners by 1.0% in the second quarter. PNC Financial Services Group Inc. now owns 66,890 shares of the oil and gas company’s stock worth $1,094,000 after buying an additional 654 shares during the period.
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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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