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 reaffirmed by JPMorgan Chase & Co. in a note issued to investors on Monday,Benzinga reports. They currently have a $25.00 price target on the oil and gas company's stock, up from their previous price target of $24.00. JPMorgan Chase & Co.'s price target would indicate a potential upside of 2.10% from the stock's current price.

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

USA Compression Partners Stock Up 1.9%

Shares of USAC stock traded up $0.45 on Monday, reaching $24.49. The company's stock had a trading volume of 194,187 shares, compared to its average volume of 325,727. USA Compression Partners has a 12-month low of $21.06 and a 12-month high of $30.10. The company has a market capitalization of $2.88 billion, a P/E ratio of 36.01 and a beta of 0.40. The stock's 50 day simple moving average is $24.91 and its 200-day simple moving average is $25.26.

USA Compression Partners (NYSE:USAC - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by ($0.04). USA Compression Partners had a negative return on equity of 81.01% and a net margin of 9.99%. The business had revenue of $245.23 million during the quarter, compared to analysts' expectations of $244.79 million. Research analysts expect that USA Compression Partners will post 1.05 EPS for the current year.

Insider Buying and Selling at USA Compression Partners

In related news, Director Bradford D. Whitehurst acquired 10,000 shares of USA Compression Partners stock in a transaction dated Thursday, May 8th. The shares were purchased at an average cost of $23.50 per share, with a total value of $235,000.00. Following the completion of the purchase, the director now owns 23,616 shares of the company's stock, valued at $554,976. This represents a 73.44% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. bought a new position in shares of USA Compression Partners during the fourth quarter valued at about $13,905,000. Truist Financial Corp bought a new position in shares of USA Compression Partners during the fourth quarter valued at about $2,428,000. Bravias Capital Group LLC bought a new position in shares of USA Compression Partners during the fourth quarter valued at about $230,000. Mallini Complete Financial Planning LLC bought a new position in shares of USA Compression Partners during the fourth quarter valued at about $2,176,000. Finally, Corient Private Wealth LLC grew its stake in shares of USA Compression Partners by 28.9% during the fourth quarter. Corient Private Wealth LLC now owns 165,887 shares of the oil and gas company's stock valued at $3,908,000 after buying an additional 37,232 shares during the last quarter. 47.77% of the stock is owned by institutional investors.

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.