USA Compression Partners (NYSE:USAC) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded USA Compression Partners from “buy” to “hold.” The broader analyst consensus is also “hold,” with a consensus price target of $29.50.
• USAC shares opened at $25.49, down 0.2%, while trading below their 50-day and 200-day moving averages. The stock has a 12-month range of $21.85 to $30.55 and a market capitalization of approximately $3.69 billion.
• The company exceeded quarterly expectations, reporting $0.31 in earnings per share versus the $0.28 estimate and revenue of $342.15 million. A company director also purchased 6,000 shares, while institutional investors own 47.77% of the stock.

USA Compression Partners (NYSE:USAC - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Saturday, Wall Street Zen reports.

Several other equities analysts also recently weighed in on USAC. Royal Bank Of Canada lifted their target price on USA Compression Partners from $30.00 to $31.00 and gave the company a "sector perform" rating in a research report on Tuesday, September 1st. Mizuho raised their price objective on USA Compression Partners from $28.00 to $29.00 and gave the stock a "neutral" rating in a research note on Friday, June 12th. Finally, Zacks Research raised USA Compression Partners from a "strong sell" rating to a "hold" rating in a research report on Monday, August 31st. One research analyst has rated the stock with a Strong Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, USA Compression Partners has a consensus rating of "Hold" and a consensus target price of $29.50.

USA Compression Partners Stock Down 0.2%

Shares of USAC stock opened at $25.49 on Friday. The company has a current ratio of 1.35, a quick ratio of 0.68 and a debt-to-equity ratio of 10.25. USA Compression Partners has a 12 month low of $21.85 and a 12 month high of $30.55. The stock has a market cap of $3.69 billion, a P/E ratio of 24.05 and a beta of 0.23. The company has a 50 day simple moving average of $26.52 and a two-hundred day simple moving average of $27.12.

USA Compression Partners (NYSE:USAC - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The oil and gas company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.03. The business 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%. On average, research analysts expect that USA Compression Partners will post 1.17 earnings per share for the current year.

Insider Transactions at USA Compression Partners

In other USA Compression Partners news, Director Bradford Whitehurst purchased 6,000 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were bought at an average cost of $26.10 per share, with a total value of $156,600.00. Following the acquisition, the director owned 43,616 shares in the company, valued at approximately $1,138,377.60. This trade represents a 15.95% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Hedge Funds Weigh In On USA Compression Partners

Several hedge funds have recently modified their holdings of the stock. Alps Advisors Inc. increased its holdings in shares of USA Compression Partners by 3.8% in 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 buying an additional 642,462 shares during the last quarter. ING Groep NV lifted its holdings in shares of USA Compression Partners by 45.5% in the 4th quarter. ING Groep NV now owns 312,600 shares of the oil and gas company's stock valued at $7,190,000 after acquiring an additional 97,700 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of USA Compression Partners by 38.5% in the 1st quarter. Royal Bank of Canada now owns 176,124 shares of the oil and gas company's stock valued at $4,776,000 after acquiring an additional 48,978 shares during the last quarter. Sanctuary Advisors LLC grew its position in USA Compression Partners by 28.9% in the first quarter. Sanctuary Advisors LLC now owns 73,991 shares of the oil and gas company's stock worth $2,007,000 after acquiring an additional 16,583 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in USA Compression Partners in the second quarter worth about $423,000. Hedge funds and other institutional investors own 47.77% of the company's stock.

About USA Compression Partners

USA Compression Partners LP NYSE: USAC is a publicly traded master limited partnership that provides natural gas compression services to customers across the United States. The company supports the movement of natural gas through gathering, processing, transmission, storage and related midstream systems.

USA Compression owns and operates a fleet of natural gas compression equipment, including large reciprocating compressors and associated infrastructure. Its services help maintain the pressure needed to transport natural gas from production areas to processing facilities, pipelines, storage locations and end markets.

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