USA Compression Partners (NYSE:USAC) Earns "Underweight" Rating from JPMorgan Chase & Co.

USA Compression Partners (NYSE:USAC - Get Free Report)'s stock had its "underweight" rating reiterated by stock analysts at JPMorgan Chase & Co. in a research report issued on Monday,Benzinga reports. They currently have a $25.00 price objective on the oil and gas company's stock, up from their prior price objective of $24.00. JPMorgan Chase & Co.'s price target points to a potential upside of 1.24% from the company's current price.

Separately, Citigroup upped their price objective on shares of USA Compression Partners from $24.00 to $27.00 and gave the company a "neutral" rating in a report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $26.25.

USA Compression Partners Price Performance

USAC stock traded down $0.22 during midday trading on Monday, hitting $24.70. 68,174 shares of the stock traded hands, compared to its average volume of 327,119. USA Compression Partners has a 1-year low of $21.06 and a 1-year high of $30.10. The stock's fifty day simple moving average is $24.92 and its 200-day simple moving average is $25.26. The firm has a market cap of $2.90 billion, a P/E ratio of 36.32 and a beta of 0.40.

USA Compression Partners (NYSE:USAC - Get Free Report) last announced its earnings results on Tuesday, May 6th. The oil and gas company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.04). The business had revenue of $245.23 million for the quarter, compared to analyst estimates of $244.79 million. USA Compression Partners had a negative return on equity of 81.01% and a net margin of 9.99%. On average, research analysts predict that USA Compression Partners will post 1.05 earnings per share for the current year.

Insider Transactions at USA Compression Partners

In other USA Compression Partners news, Director Bradford D. Whitehurst purchased 10,000 shares of the stock in a transaction that occurred on Thursday, May 8th. The stock was purchased at an average cost of $23.50 per share, with a total value of $235,000.00. Following the completion of the acquisition, the director now directly owns 23,616 shares of the company's stock, valued at $554,976. This trade represents a 73.44% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Hedge Funds Weigh In On USA Compression Partners

A number of institutional investors have recently modified their holdings of USAC. Northwestern Mutual Wealth Management Co. purchased a new position in shares of USA Compression Partners during the 1st quarter worth approximately $32,000. Brown Brothers Harriman & Co. acquired a new stake in USA Compression Partners in the 4th quarter valued at about $95,000. Perkins Coie Trust Co raised its position in USA Compression Partners by 40.0% during the first quarter. Perkins Coie Trust Co now owns 7,000 shares of the oil and gas company's stock worth $189,000 after acquiring an additional 2,000 shares during the last quarter. Broadway Wealth Solutions Inc. purchased a new stake in shares of USA Compression Partners in the fourth quarter valued at about $201,000. Finally, IFG Advisory LLC acquired a new stake in shares of USA Compression Partners in the first quarter valued at approximately $202,000. 47.77% of the stock is owned by institutional investors and hedge funds.

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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