USA Compression Partners (NYSE:USAC) Given New $31.00 Price Target at Royal Bank Of Canada

Key Points

• Royal Bank of Canada raised USA Compression Partners’ price target from $30 to $31 while maintaining a “sector perform” rating, implying 14.35% potential upside from $27.11.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average target price of $29.50; recent ratings range from “Strong Buy” to “Strong Sell.”
• USA Compression Partners exceeded quarterly expectations, reporting $0.31 in EPS versus the $0.28 consensus and revenue of $342.15 million versus $340.49 million expected.

USA Compression Partners (NYSE:USAC - Get Free Report) had its target price upped by investment analysts at Royal Bank Of Canada from $30.00 to $31.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has a "sector perform" rating on the oil and gas company's stock. Royal Bank Of Canada's target price suggests a potential upside of 14.35% from the stock's current price.

Other research analysts have also recently issued reports about the company. Citigroup raised their price objective on USA Compression Partners from $26.00 to $28.00 and gave the company a "neutral" rating in a research note on Wednesday, May 13th. Wall Street Zen raised USA Compression Partners from a "hold" rating to a "buy" rating in a research note on Saturday. Zacks Research downgraded USA Compression Partners from a "hold" rating to a "strong sell" rating in a research report on Monday, July 6th. Finally, Mizuho lifted their target price on shares of USA Compression Partners from $28.00 to $29.00 and gave the stock a "neutral" rating in a research note on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $29.50.

USA Compression Partners Price Performance

Shares of USA Compression Partners stock opened at $27.11 on Tuesday. The company has a debt-to-equity ratio of 10.25, a quick ratio of 0.68 and a current ratio of 1.35. USA Compression Partners has a 52-week low of $21.85 and a 52-week high of $30.55. The company has a fifty day moving average of $26.38 and a 200-day moving average of $27.16. The stock has a market capitalization of $3.93 billion, a price-to-earnings ratio of 25.58 and a beta of 0.22.

USA Compression Partners (NYSE:USAC - Get Free Report) last issued its earnings results on Tuesday, August 4th. The oil and gas company reported $0.31 EPS for the quarter, topping analysts' consensus estimates of $0.28 by $0.03. The company had revenue of $342.15 million for the quarter, compared to analysts' expectations of $340.49 million. USA Compression Partners had a net margin of 12.43% and a return on equity of 179.77%. Equities research analysts expect that USA Compression Partners will post 0.98 EPS for the current year.

Insider Activity

In other USA Compression Partners news, Director Bradford D. Whitehurst bought 6,000 shares of USA Compression Partners stock in a transaction dated Friday, August 21st. The shares were purchased 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 approximately $1,138,377.60. This represents a 15.95% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in USAC. BNP Paribas Financial Markets raised its holdings in USA Compression Partners by 233.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,443 shares of the oil and gas company's stock worth $35,000 after purchasing an additional 1,010 shares in the last quarter. MV Capital Management Inc. bought a new position in USA Compression Partners in the fourth quarter worth about $86,000. First Bancorp Inc ME purchased a new stake in USA Compression Partners in the second quarter worth about $117,000. One Charles Private Wealth Services LLC bought a new stake in USA Compression Partners during the 1st quarter valued at approximately $212,000. Finally, Texas Yale Capital Corp. bought a new stake in USA Compression Partners during the 4th quarter valued at approximately $224,000. 47.77% of the stock is owned by hedge funds and other institutional investors.

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.

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