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

Key Points

• Zacks Research upgraded USA Compression Partners from “strong sell” to “hold.” The broader analyst consensus is also “Hold,” with an average price target of $29.50.
• USAC reported quarterly earnings of $0.31 per share, exceeding the $0.28 consensus estimate, while revenue of $342.15 million slightly surpassed expectations.
• The stock opened at $27.15, with a 12-month range of $21.85 to $30.55. Director Bradford D. Whitehurst also purchased 6,000 shares, and institutional investors own 47.77% of the company.

USA Compression Partners (NYSE:USAC - Get Free Report) was upgraded by research analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a research report issued on Monday, Zacks reports.

Several other research firms have also weighed in on USAC. Citigroup increased their price objective on shares of USA Compression Partners from $26.00 to $28.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 13th. Mizuho lifted their target price on USA Compression Partners from $28.00 to $29.00 and gave the company a "neutral" rating in a research note on Friday, June 12th. Wall Street Zen raised USA Compression Partners from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Royal Bank Of Canada increased their price target on USA Compression Partners from $30.00 to $31.00 and gave the stock a "sector perform" rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $29.50.

USA Compression Partners Stock Performance

Shares of USAC opened at $27.15 on Monday. The business's fifty day moving average price is $26.39 and its 200 day moving average price is $27.17. USA Compression Partners has a 12-month low of $21.85 and a 12-month high of $30.55. The stock has a market capitalization of $3.94 billion, a PE ratio of 25.61 and a beta of 0.23. The company has a debt-to-equity ratio of 10.25, a current ratio of 1.35 and a quick ratio of 0.68.

USA Compression Partners (NYSE:USAC - Get Free Report) last released its earnings results on Tuesday, August 4th. The oil and gas company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.03. The firm had revenue of $342.15 million during the quarter, compared to analyst estimates 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 forecast that USA Compression Partners will post 1.17 EPS for the current year.

Insider Activity

In other USA Compression Partners news, Director Bradford D. Whitehurst purchased 6,000 shares of the stock in a transaction dated 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 completion of the acquisition, the director owned 43,616 shares of the company's stock, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Hedge Funds Weigh In On USA Compression Partners

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Alps Advisors Inc. raised its position in shares of 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 buying an additional 642,462 shares in the last quarter. Royal Bank of Canada lifted its stake 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 worth $4,776,000 after acquiring an additional 48,978 shares during the period. ING Groep NV lifted its stake 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 worth $7,190,000 after acquiring an additional 97,700 shares during the period. Cetera Investment Advisers boosted its holdings in shares of USA Compression Partners by 2.4% in the first quarter. Cetera Investment Advisers now owns 28,636 shares of the oil and gas company's stock valued at $777,000 after acquiring an additional 674 shares in the last quarter. Finally, Infrastructure Capital Advisors LLC boosted its holdings in shares of USA Compression Partners by 2.4% in the first quarter. Infrastructure Capital Advisors LLC now owns 314,657 shares of the oil and gas company's stock valued at $8,533,000 after acquiring an additional 7,226 shares in the last quarter. Institutional investors 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.

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