USA Compression Partners (NYSE:USAC) Raised to “Strong-Buy” at Texas Capital

USA Compression Partners (NYSE:USAC) was upgraded by research analysts at Texas Capital from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other research firms have also issued reports on USAC. Zacks Research raised USA Compression Partners from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. Stifel Nicolaus upped their price objective on USA Compression Partners from $27.00 to $30.00 and gave the company a “hold” rating in a research note on Wednesday, February 18th. Citigroup reaffirmed a “neutral” rating on shares of USA Compression Partners in a research report on Tuesday, December 2nd. Wall Street Zen downgraded USA Compression Partners from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Finally, Mizuho boosted their target price on USA Compression Partners from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Monday, January 12th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.67.

USA Compression Partners Price Performance

Shares of NYSE:USAC opened at $27.80 on Monday. The stock has a market cap of $4.03 billion, a P/E ratio of 33.10 and a beta of 0.22. The firm has a fifty day moving average price of $25.92 and a 200 day moving average price of $24.41. USA Compression Partners has a 1-year low of $21.59 and a 1-year high of $28.09.

USA Compression Partners (NYSE:USAC) last issued its quarterly earnings data on Tuesday, February 17th. The oil and gas company reported $0.28 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.28. USA Compression Partners had a net margin of 11.15% and a negative return on equity of 87.34%. The company had revenue of $252.48 million for the quarter, compared to the consensus estimate of $253.43 million. Sell-side analysts expect that USA Compression Partners will post 1.05 EPS for the current fiscal year.

Institutional Investors Weigh In On USA Compression Partners

Hedge funds have recently added to or reduced their stakes in the company. ING Groep NV purchased a new stake in shares of USA Compression Partners in the third quarter valued at approximately $5,158,000. Citigroup Inc. purchased a new position in USA Compression Partners in the third quarter worth $2,553,000. Alps Advisors Inc. raised its position in USA Compression Partners by 9.6% in the third quarter. Alps Advisors Inc. now owns 17,105,738 shares of the oil and gas company’s stock worth $410,538,000 after acquiring an additional 1,500,640 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in USA Compression Partners by 274.5% in the second quarter. JPMorgan Chase & Co. now owns 5,351,079 shares of the oil and gas company’s stock valued at $130,085,000 after acquiring an additional 3,922,383 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in USA Compression Partners by 14.1% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,305,265 shares of the oil and gas company’s stock valued at $128,971,000 after acquiring an additional 654,001 shares during the period. Institutional investors and hedge funds own 47.77% of the company’s stock.

About USA Compression Partners

USA Compression Partners (NYSE: USAC) is a Houston-based master limited partnership specializing in natural gas compression services for oil and gas producers. The company offers a full suite of midstream compression solutions designed to enhance production flow and optimize field operations. Its core activities include the design, engineering, fabrication, installation, operation and maintenance of natural gas compression equipment onshore across key U.S. basins.

USA Compression’s product and service offerings encompass new equipment deployment, aftermarket parts and component sales, field service support, and instrumentation and control systems.