USA Compression Partners (NYSE:USAC) Stock Price Expected to Rise, Mizuho Analyst Says

USA Compression Partners (NYSE:USAC) had its target price lifted by Mizuho from $22.00 to $23.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the oil and gas company’s stock. Mizuho’s price objective suggests a potential downside of 4.66% from the company’s previous close.

Separately, JPMorgan Chase & Co. restated an “underweight” rating and issued a $25.00 target price (up previously from $24.00) on shares of USA Compression Partners in a research note on Monday, June 23rd. Three equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, USA Compression Partners has an average rating of “Reduce” and an average target price of $25.50.

USA Compression Partners Price Performance

Shares of NYSE:USAC opened at $24.13 on Friday. The stock has a market cap of $2.96 billion, a P/E ratio of 36.01 and a beta of 0.36. The firm has a fifty day moving average price of $24.26 and a 200 day moving average price of $25.11. USA Compression Partners has a 1-year low of $21.24 and a 1-year high of $30.10.

USA Compression Partners (NYSE:USAC) last issued its quarterly earnings results on Wednesday, August 6th. The oil and gas company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.01. The firm had revenue of $250.13 million during the quarter, compared to analysts’ expectations of $246.99 million. USA Compression Partners had a net margin of 9.56% and a negative return on equity of 71.82%. Sell-side analysts expect that USA Compression Partners will post 1.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. purchased a new position in USA Compression Partners in the first quarter valued at about $32,000. Perkins Coie Trust Co increased its holdings in USA Compression Partners by 40.0% in the first quarter. Perkins Coie Trust Co now owns 7,000 shares of the oil and gas company’s stock valued at $189,000 after buying an additional 2,000 shares in the last quarter. IFG Advisory LLC purchased a new position in USA Compression Partners in the first quarter valued at about $202,000. 49 Wealth Management LLC purchased a new position in USA Compression Partners in the first quarter valued at about $228,000. Finally, Kestra Private Wealth Services LLC purchased a new position in USA Compression Partners in the first quarter valued at about $230,000. 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.