USA Compression Partners (NYSE:USAC) Now Covered by Analysts at Citigroup

Analysts at Citigroup started coverage on shares of USA Compression Partners (NYSE:USAC - Get Free Report) in a research report issued on Friday, Briefing.com reports. The brokerage set a "neutral" rating and a $23.00 price target on the oil and gas company's stock. Citigroup's price target would suggest a potential upside of 3.93% from the company's current price.

Other equities analysts have also issued reports about the company. Mizuho raised USA Compression Partners from an "underperform" rating to a "neutral" rating and upped their target price for the company from $23.00 to $26.00 in a report on Thursday, May 30th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $26.00 target price on shares of USA Compression Partners in a research report on Thursday, September 12th. Finally, StockNews.com downgraded shares of USA Compression Partners from a "buy" rating to a "hold" rating in a report on Thursday, July 11th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $25.80.

USA Compression Partners Stock Performance

Shares of USAC opened at $22.13 on Friday. The firm has a market capitalization of $2.59 billion, a P/E ratio of 53.98 and a beta of 1.32. USA Compression Partners has a 52 week low of $21.06 and a 52 week high of $28.47. The stock has a 50 day moving average price of $22.43 and a two-hundred day moving average price of $24.09.

USA Compression Partners (NYSE:USAC - Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.04. USA Compression Partners had a negative return on equity of 40.62% and a net margin of 9.77%. The business had revenue of $235.31 million for the quarter, compared to analysts' expectations of $232.86 million. On average, equities analysts forecast that USA Compression Partners will post 0.82 earnings per share for the current year.

Insider Buying and Selling at USA Compression Partners

In related news, insider Eric D. Long sold 21,396 shares of the firm's stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $22.27, for a total value of $476,488.92. Following the completion of the transaction, the insider now directly owns 1,786 shares of the company's stock, valued at approximately $39,774.22. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Eric D. Long sold 21,396 shares of the business's stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $22.27, for a total transaction of $476,488.92. Following the sale, the insider now directly owns 1,786 shares in the company, valued at approximately $39,774.22. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Eric D. Long sold 1,786 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $22.81, for a total value of $40,738.66. Following the sale, the insider now directly owns 307,026 shares in the company, valued at approximately $7,003,263.06. The disclosure for this sale can be found here.

Institutional Trading of USA Compression Partners

Several institutional investors and hedge funds have recently bought and sold shares of USAC. Creekmur Asset Management LLC bought a new stake in shares of USA Compression Partners during the 4th quarter valued at about $46,000. Sunbelt Securities Inc. grew its stake in USA Compression Partners by 12.2% in the 2nd quarter. Sunbelt Securities Inc. now owns 4,445 shares of the oil and gas company's stock worth $105,000 after buying an additional 485 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of USA Compression Partners in the 2nd quarter worth $204,000. F&V Capital Management LLC purchased a new stake in shares of USA Compression Partners during the 1st quarter valued at $209,000. Finally, TSA Wealth Managment LLC bought a new stake in shares of USA Compression Partners during the 1st quarter worth $232,000. 47.77% of the stock is currently owned by hedge funds and other 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.