StockNews.com Upgrades USA Compression Partners (NYSE:USAC) to “Buy”

USA Compression Partners (NYSE:USAC) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Wednesday.

A number of other research analysts also recently weighed in on the stock. Raymond James upped their price objective on shares of USA Compression Partners from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 16th. Mizuho lifted their price target on USA Compression Partners from $22.00 to $23.00 and gave the company an “underperform” rating in a research note on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $24.75.

USA Compression Partners Stock Performance

USA Compression Partners stock traded up $0.23 during midday trading on Wednesday, hitting $25.17. 609,298 shares of the company were exchanged, compared to its average volume of 387,733. USA Compression Partners has a fifty-two week low of $18.48 and a fifty-two week high of $28.47. The firm has a market capitalization of $2.59 billion, a PE ratio of 119.86 and a beta of 1.30. The business has a fifty day simple moving average of $26.09 and a two-hundred day simple moving average of $25.13.

USA Compression Partners (NYSE:USAC) last posted its earnings results on Tuesday, February 13th. The oil and gas company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.02). USA Compression Partners had a net margin of 8.07% and a negative return on equity of 31.81%. The firm had revenue of $225.05 million for the quarter, compared to analysts’ expectations of $221.50 million. During the same period last year, the firm earned ($0.04) earnings per share. As a group, equities analysts expect that USA Compression Partners will post 0.59 earnings per share for the current year.

Insider Transactions at USA Compression Partners

In related news, major shareholder Veteran Equity Aggregator Eig sold 5,889,297 shares of the firm’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $25.12, for a total value of $147,939,140.64. Following the transaction, the insider now directly owns 5,882,528 shares of the company’s stock, valued at approximately $147,769,103.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other USA Compression Partners news, insider Eric D. Long sold 43,725 shares of USA Compression Partners stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $24.58, for a total transaction of $1,074,760.50. Following the sale, the insider now owns 312,346 shares of the company’s stock, valued at approximately $7,677,464.68. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Veteran Equity Aggregator Eig sold 5,889,297 shares of the company’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $25.12, for a total transaction of $147,939,140.64. Following the sale, the insider now directly owns 5,882,528 shares of the company’s stock, valued at approximately $147,769,103.36. The disclosure for this sale can be found here. Insiders sold 6,073,877 shares of company stock valued at $152,474,943 over the last 90 days.

Hedge Funds Weigh In On USA Compression Partners

Several hedge funds and other institutional investors have recently modified their holdings of USAC. Creekmur Asset Management LLC acquired a new stake in USA Compression Partners in the 4th quarter valued at about $46,000. JNBA Financial Advisors acquired a new stake in shares of USA Compression Partners in the fourth quarter valued at approximately $46,000. Tower Research Capital LLC TRC increased its holdings in shares of USA Compression Partners by 914.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,196 shares of the oil and gas company’s stock valued at $73,000 after purchasing an additional 2,881 shares during the last quarter. F&V Capital Management LLC purchased a new position in USA Compression Partners during the first quarter worth approximately $209,000. Finally, TSA Wealth Managment LLC acquired a new stake in shares of USA Compression Partners during the first quarter worth about $232,000. 47.77% of the stock is owned by hedge funds and other institutional investors.

USA Compression Partners Company Profile

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.