USA Compression Partners (NYSE:USAC) Given New $24.00 Price Target at JPMorgan Chase & Co.

USA Compression Partners (NYSE:USAC - Get Free Report) had its target price raised by analysts at JPMorgan Chase & Co. from $23.00 to $24.00 in a note issued to investors 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 would suggest a potential downside of 4.48% from the stock's previous close.

A number of other brokerages have also recently issued reports on USAC. Royal Bank of Canada reiterated a "sector perform" rating and issued a $27.00 price target on shares of USA Compression Partners in a research note on Friday, November 22nd. Mizuho lifted their target price on shares of USA Compression Partners from $24.00 to $26.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. Finally, Citigroup increased their price target on shares of USA Compression Partners from $24.00 to $27.00 and gave the company a "neutral" rating in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $26.80.

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USA Compression Partners Stock Up 0.1 %

Shares of USAC stock traded up $0.03 during trading hours on Tuesday, hitting $25.13. 14,716 shares of the company's stock traded hands, compared to its average volume of 462,159. The stock's fifty day simple moving average is $26.24 and its two-hundred day simple moving average is $23.97. USA Compression Partners has a 12-month low of $21.06 and a 12-month high of $30.10. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of 34.42 and a beta of 1.31.

USA Compression Partners (NYSE:USAC - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The oil and gas company reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by ($0.06). USA Compression Partners had a net margin of 10.48% and a negative return on equity of 62.46%. On average, equities analysts forecast that USA Compression Partners will post 1.05 earnings per share for the current fiscal year.

Institutional Trading of USA Compression Partners

Large investors have recently made changes to their positions in the stock. Invesco Ltd. boosted its holdings in USA Compression Partners by 0.9% in the fourth quarter. Invesco Ltd. now owns 12,274,451 shares of the oil and gas company's stock worth $289,186,000 after purchasing an additional 107,058 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of USA Compression Partners during the 4th quarter valued at $13,905,000. Objectivity Squared LLC lifted its holdings in shares of USA Compression Partners by 2.4% during the 4th quarter. Objectivity Squared LLC now owns 211,813 shares of the oil and gas company's stock valued at $5,048,000 after buying an additional 4,970 shares during the period. Rockefeller Capital Management L.P. boosted its stake in shares of USA Compression Partners by 0.4% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 211,521 shares of the oil and gas company's stock worth $4,848,000 after buying an additional 833 shares during the last quarter. Finally, Infrastructure Capital Advisors LLC grew its holdings in shares of USA Compression Partners by 14.9% in the third quarter. Infrastructure Capital Advisors LLC now owns 196,206 shares of the oil and gas company's stock worth $4,497,000 after acquiring an additional 25,439 shares during the period. 47.77% of the stock is currently owned by 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.

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