USA Compression Partners (NYSE:USAC) PT Raised to $20.00 at JPMorgan Chase & Co.

USA Compression Partners (NYSE:USAC – Get Rating) had its target price raised by JPMorgan Chase & Co. from $17.00 to $20.00 in a report issued on Tuesday, Benzinga reports. The firm presently has an “underweight” rating on the oil and gas company’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential downside of 7.32% from the stock’s previous close.

USAC has been the topic of several other reports. Stifel Nicolaus upped their target price on shares of USA Compression Partners from $18.00 to $21.00 in a research note on Wednesday, February 15th. Mizuho increased their price objective on shares of USA Compression Partners from $19.00 to $22.00 and gave the company a “neutral” rating in a research report on Wednesday, February 15th. Finally, Royal Bank of Canada increased their price objective on shares of USA Compression Partners from $19.00 to $23.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 15th.

USA Compression Partners Stock Down 0.7 %

Shares of USAC opened at $21.58 on Tuesday. USA Compression Partners has a fifty-two week low of $14.90 and a fifty-two week high of $21.95. The firm’s 50 day moving average price is $20.59 and its 200 day moving average price is $19.06. The company has a market cap of $2.12 billion, a P/E ratio of -113.58 and a beta of 1.54.

Insider Buying and Selling

In related news, insider Eric D. Long sold 23,039 shares of the stock in a transaction on Monday, December 12th. The shares were sold at an average price of $19.26, for a total transaction of $443,731.14. Following the completion of the sale, the insider now owns 477,011 shares in the company, valued at approximately $9,187,231.86. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Eric D. Long sold 14,975 shares of the firm’s stock in a transaction on Friday, December 9th. The shares were sold at an average price of $18.82, for a total value of $281,829.50. Following the completion of the sale, the insider now owns 500,050 shares in the company, valued at approximately $9,410,941. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Eric D. Long sold 23,039 shares of the firm’s stock in a transaction on Monday, December 12th. The stock was sold at an average price of $19.26, for a total transaction of $443,731.14. Following the completion of the sale, the insider now owns 477,011 shares of the company’s stock, valued at approximately $9,187,231.86. The disclosure for this sale can be found here.

Institutional Trading of USA Compression Partners

Several hedge funds have recently made changes to their positions in USAC. Bard Associates Inc. increased its holdings in shares of USA Compression Partners by 2.1% in the 2nd quarter. Bard Associates Inc. now owns 248,975 shares of the oil and gas company’s stock valued at $4,163,000 after purchasing an additional 5,100 shares in the last quarter. WMG Financial Advisors LLC increased its holdings in USA Compression Partners by 2.3% during the 3rd quarter. WMG Financial Advisors LLC now owns 26,638 shares of the oil and gas company’s stock valued at $463,000 after acquiring an additional 600 shares in the last quarter. CNB Bank purchased a new position in USA Compression Partners during the 2nd quarter valued at about $50,000. National Bank of Canada FI increased its holdings in USA Compression Partners by 41.1% during the 3rd quarter. National Bank of Canada FI now owns 2,883 shares of the oil and gas company’s stock valued at $50,000 after acquiring an additional 840 shares in the last quarter. Finally, Zazove Associates LLC purchased a new position in USA Compression Partners during the 3rd quarter valued at about $2,640,000. Institutional investors and hedge funds own 23.02% of the company’s stock.

About USA Compression Partners

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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.