Zacks Research Upgrades USA Compression Partners (NYSE:USAC) to “Hold”

USA Compression Partners (NYSE:USAC) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday, Zacks reports.

Other equities analysts have also issued research reports about the stock. Citigroup raised their price objective on shares of USA Compression Partners from $26.00 to $28.00 and gave the company a “neutral” rating in a research report on Wednesday, May 13th. Mizuho increased their target price on shares of USA Compression Partners from $28.00 to $29.00 and gave the company a “neutral” rating in a research note on Friday, June 12th. Royal Bank Of Canada raised their target price on shares of USA Compression Partners from $30.00 to $31.00 and gave the stock a “sector perform” rating in a report on Tuesday. Finally, Wall Street Zen upgraded shares of USA Compression Partners from a “hold” rating to a “buy” rating in a research report on Saturday. One research analyst has rated the stock with a Strong Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $29.50.

USA Compression Partners Trading Up 0.3%

Shares of USA Compression Partners stock opened at $27.15 on Monday. The business has a fifty day simple moving average of $26.39 and a 200-day simple moving average of $27.17. USA Compression Partners has a fifty-two week low of $21.85 and a fifty-two week high of $30.55. The firm has a market cap of $3.94 billion, a price-to-earnings ratio of 25.61 and a beta of 0.23. The company has a quick ratio of 0.68, a current ratio of 1.35 and a debt-to-equity ratio of 10.25.

USA Compression Partners (NYSE:USAC) last released its earnings results on Tuesday, August 4th. The oil and gas company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.03. USA Compression Partners had a return on equity of 179.77% and a net margin of 12.43%.The firm had revenue of $342.15 million for the quarter, compared to analyst estimates of $340.49 million. On average, equities analysts forecast that USA Compression Partners will post 1.17 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Bradford D. Whitehurst acquired 6,000 shares of USA Compression Partners stock in a transaction on Friday, August 21st. The stock was bought at an average cost of $26.10 per share, with a total value of $156,600.00. Following the completion of the purchase, the director owned 43,616 shares of the company’s stock, valued at $1,138,377.60. This represents a 15.95% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

Institutional Investors Weigh In On USA Compression Partners

A number of large investors have recently made changes to their positions in the company. Morgan Stanley lifted its position in shares of USA Compression Partners by 123.5% in 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 acquiring an additional 1,498,928 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in USA Compression Partners by 82.7% in 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 purchasing an additional 1,296,339 shares during the period. JPMorgan Chase & Co. grew its position in USA Compression Partners by 29.8% during the 4th quarter. JPMorgan Chase & Co. now owns 4,599,073 shares of the oil and gas company’s stock worth $105,779,000 after purchasing an additional 1,056,548 shares in the last quarter. Alps Advisors Inc. grew its position in USA Compression Partners by 3.8% during the 4th quarter. Alps Advisors Inc. now owns 17,748,200 shares of the oil and gas company’s stock worth $408,209,000 after purchasing an additional 642,462 shares in the last quarter. Finally, Corient Private Wealth LLC raised its stake in USA Compression Partners by 131.7% during the 2nd quarter. Corient Private Wealth LLC now owns 412,900 shares of the oil and gas company’s stock valued at $10,038,000 after purchasing an additional 234,730 shares during the period. Institutional investors and hedge funds own 47.77% of the company’s stock.

About USA Compression Partners

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.