Shares of USA Compression Partners LP (NYSE:USAC) gapped down before the market opened on Thursday . The stock had previously closed at $16.53, but opened at $16.41. USA Compression Partners shares last traded at $16.73, with a volume of 55383 shares trading hands.

A number of research firms have weighed in on USAC. B. Riley set a $21.00 price objective on shares of USA Compression Partners and gave the company a “buy” rating in a research note on Wednesday, May 9th. ValuEngine lowered shares of USA Compression Partners from a “buy” rating to a “hold” rating in a research note on Wednesday. Janney Montgomery Scott restated a “buy” rating on shares of USA Compression Partners in a research note on Wednesday, April 18th. Finally, Zacks Investment Research upgraded shares of USA Compression Partners from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $20.60.

The company has a market capitalization of $1.65 billion, a P/E ratio of 104.06 and a beta of 1.19. The company has a current ratio of 7.12, a quick ratio of 6.81 and a debt-to-equity ratio of 2.59.

USA Compression Partners (NYSE:USAC) last announced its quarterly earnings results on Wednesday, May 9th. The oil and gas company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. USA Compression Partners had a negative net margin of 1.88% and a positive return on equity of 2.54%. The firm had revenue of $77.70 million during the quarter, compared to analyst estimates of $78.39 million. During the same period in the previous year, the business posted $0.02 earnings per share. The business’s revenue for the quarter was up 17.7% on a year-over-year basis. equities analysts expect that USA Compression Partners LP will post -0.21 EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in USAC. Brookfield Asset Management Inc. bought a new stake in shares of USA Compression Partners in the fourth quarter worth approximately $29,038,000. OppenheimerFunds Inc. boosted its holdings in shares of USA Compression Partners by 13.4% in the first quarter. OppenheimerFunds Inc. now owns 7,401,395 shares of the oil and gas company’s stock worth $125,305,000 after buying an additional 871,877 shares during the last quarter. First Republic Investment Management Inc. purchased a new position in shares of USA Compression Partners in the first quarter worth approximately $1,553,000. GSA Capital Partners LLP boosted its holdings in shares of USA Compression Partners by 688.7% in the first quarter. GSA Capital Partners LLP now owns 99,572 shares of the oil and gas company’s stock worth $1,686,000 after buying an additional 86,947 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of USA Compression Partners by 6.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,121,385 shares of the oil and gas company’s stock worth $18,548,000 after buying an additional 69,609 shares during the last quarter. Hedge funds and other institutional investors own 64.35% of the company’s stock.

About USA Compression Partners

USA Compression Partners, LP provides compression services under term contracts with customers in the natural gas and crude oil industries in the United States. The company engineers, designs, operates, services, and repairs its compression units; and maintains related support inventory and equipment.

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