Usa Compression Partners (NYSE:USAC) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research note issued on Friday.
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. “
Other equities research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. set a $23.00 target price on Usa Compression Partners and gave the stock a “buy” rating in a research note on Tuesday, February 13th. B. Riley set a $21.00 target price on Usa Compression Partners and gave the stock a “buy” rating in a research note on Monday, February 12th. Royal Bank of Canada raised their target price on Usa Compression Partners from $17.00 to $18.00 and gave the stock a “sector perform” rating in a research note on Wednesday, November 8th. ValuEngine cut Usa Compression Partners from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Finally, BidaskClub raised Usa Compression Partners from a “strong sell” rating to a “sell” rating in a research note on Tuesday, November 7th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $19.60.
Usa Compression Partners (NYSE:USAC) last issued its quarterly earnings data on Monday, February 12th. The oil and gas company reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.04). Usa Compression Partners had a return on equity of 1.71% and a net margin of 4.08%. The company had revenue of $75.40 million for the quarter, compared to the consensus estimate of $75.42 million. During the same quarter last year, the business earned $0.05 earnings per share. Usa Compression Partners’s revenue was up .7% compared to the same quarter last year. research analysts predict that Usa Compression Partners will post 0.52 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Riverstone Holdings LLC grew its stake in Usa Compression Partners by 0.6% during the fourth quarter. Riverstone Holdings LLC now owns 24,482,058 shares of the oil and gas company’s stock worth $404,933,000 after purchasing an additional 154,524 shares during the period. Harvest Fund Advisors LLC grew its stake in Usa Compression Partners by 21.1% in the third quarter. Harvest Fund Advisors LLC now owns 2,245,460 shares of the oil and gas company’s stock valued at $37,544,000 after acquiring an additional 391,139 shares during the period. Center Coast Capital Advisors LP grew its stake in Usa Compression Partners by 4.7% in the third quarter. Center Coast Capital Advisors LP now owns 1,889,668 shares of the oil and gas company’s stock valued at $31,595,000 after acquiring an additional 85,000 shares during the period. Brookfield Asset Management Inc. acquired a new stake in Usa Compression Partners in the fourth quarter valued at approximately $29,038,000. Finally, Goldman Sachs Group Inc. grew its stake in 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 valued at $18,548,000 after acquiring an additional 69,609 shares during the period.
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Usa Compression Partners Company Profile
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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