USA Compression Partners (NYSE:USAC - Get Free Report) had its price target reduced by equities research analysts at Mizuho from $25.00 to $24.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has a "neutral" rating on the oil and gas company's stock. Mizuho's target price indicates a potential upside of 4.62% from the stock's previous close.
USAC has been the subject of several other reports. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $26.00 price objective on shares of USA Compression Partners in a research note on Thursday, September 12th. Citigroup started coverage on USA Compression Partners in a research note on Friday, September 27th. They set a "neutral" rating and a $23.00 price objective for the company. Finally, StockNews.com downgraded USA Compression Partners from a "buy" rating to a "hold" rating in a research note on Thursday, July 11th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, USA Compression Partners presently has an average rating of "Hold" and an average price target of $25.40.
Check Out Our Latest Analysis on USAC
USA Compression Partners Trading Down 1.0 %
Shares of USA Compression Partners stock traded down $0.24 on Wednesday, hitting $22.94. The stock had a trading volume of 114,111 shares, compared to its average volume of 374,568. USA Compression Partners has a 52-week low of $21.06 and a 52-week high of $28.47. The stock has a market cap of $2.68 billion, a price-to-earnings ratio of 55.61 and a beta of 1.32. The company's 50 day moving average price is $22.34 and its 200 day moving average price is $23.94.
USA Compression Partners (NYSE:USAC - Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.17 by $0.04. The firm had revenue of $235.31 million during the quarter, compared to the consensus estimate of $232.86 million. USA Compression Partners had a negative return on equity of 40.62% and a net margin of 9.77%. Analysts predict that USA Compression Partners will post 0.82 EPS for the current fiscal year.
Insider Buying and Selling
In related news, insider Eric D. Long sold 1,786 shares of the company's stock in a transaction that occurred on 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 owns 307,026 shares in the company, valued at approximately $7,003,263.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other USA Compression Partners news, insider Eric D. Long sold 21,396 shares of the 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 owns 1,786 shares in the company, valued at approximately $39,774.22. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Eric D. Long sold 1,786 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $22.81, for a total value of $40,738.66. Following the sale, the insider now owns 307,026 shares in the company, valued at approximately $7,003,263.06. The disclosure for this sale can be found here.
Institutional Investors Weigh In On USA Compression Partners
Large investors have recently bought and sold shares of the stock. Creekmur Asset Management LLC acquired a new stake in USA Compression Partners during the 4th quarter valued at $46,000. Sunbelt Securities Inc. boosted its holdings in shares of USA Compression Partners by 12.2% during the second quarter. Sunbelt Securities Inc. now owns 4,445 shares of the oil and gas company's stock worth $105,000 after purchasing an additional 485 shares during the last quarter. F&V Capital Management LLC acquired a new stake in shares of USA Compression Partners during the first quarter worth $209,000. Sanctuary Advisors LLC acquired a new stake in shares of USA Compression Partners during the second quarter worth $204,000. Finally, TSA Wealth Managment LLC acquired a new stake in shares of USA Compression Partners during the first quarter worth $232,000. Institutional investors and hedge funds own 47.77% of the company's stock.
About USA Compression Partners
(
Get Free Report)
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.
Recommended Stories
Before you consider USA Compression Partners, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and USA Compression Partners wasn't on the list.
While USA Compression Partners currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
