USA Compression Partners (USAC) Given a $21.00 Price Target at B. Riley

B. Riley set a $21.00 price target on USA Compression Partners (NYSE:USAC) in a research note issued to investors on Tuesday morning. The firm currently has a buy rating on the oil and gas company’s stock.

Several other analysts have also recently commented on USAC. ValuEngine upgraded USA Compression Partners from a hold rating to a buy rating in a report on Wednesday, August 8th. Mitsubishi UFJ Financial Group began coverage on USA Compression Partners in a report on Wednesday, September 5th. They issued an overweight rating and a $22.00 price target on the stock. Wells Fargo & Co decreased their price target on USA Compression Partners from $20.00 to $19.00 and set a market perform rating on the stock in a report on Thursday, September 13th. Zacks Investment Research cut USA Compression Partners from a buy rating to a hold rating in a report on Tuesday, September 18th. Finally, Royal Bank of Canada upgraded USA Compression Partners from a sector perform rating to an outperform rating and set a $21.00 price target on the stock in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $20.57.

Shares of USAC stock opened at $14.53 on Tuesday. The company has a current ratio of 1.39, a quick ratio of 0.86 and a debt-to-equity ratio of 1.11. The firm has a market cap of $1.28 billion, a PE ratio of 90.81 and a beta of 1.20. USA Compression Partners has a 52 week low of $14.01 and a 52 week high of $19.33.

USA Compression Partners (NYSE:USAC) last announced its earnings results on Tuesday, November 6th. The oil and gas company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.06). The business had revenue of $168.90 million for the quarter, compared to the consensus estimate of $170.93 million. USA Compression Partners had a positive return on equity of 1.49% and a negative net margin of 1.67%. USA Compression Partners’s revenue for the quarter was up 132.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.07 EPS. As a group, equities analysts predict that USA Compression Partners will post -0.31 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, November 9th. Investors of record on Monday, October 29th were issued a $0.525 dividend. This is a boost from USA Compression Partners’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Friday, October 26th. This represents a $2.10 annualized dividend and a yield of 14.45%. USA Compression Partners’s dividend payout ratio (DPR) is currently 1,312.50%.

A number of institutional investors have recently bought and sold shares of USAC. OppenheimerFunds Inc. boosted its holdings in USA Compression Partners by 21.9% in the second quarter. OppenheimerFunds Inc. now owns 9,020,191 shares of the oil and gas company’s stock valued at $151,810,000 after acquiring an additional 1,618,796 shares during the last quarter. Perella Weinberg Partners Capital Management LP boosted its holdings in USA Compression Partners by 134.8% in the second quarter. Perella Weinberg Partners Capital Management LP now owns 1,051,564 shares of the oil and gas company’s stock valued at $17,698,000 after acquiring an additional 603,657 shares during the last quarter. Dividend Assets Capital LLC bought a new position in USA Compression Partners in the third quarter valued at about $5,591,000. Bank of America Corp DE boosted its holdings in USA Compression Partners by 122.7% in the second quarter. Bank of America Corp DE now owns 463,227 shares of the oil and gas company’s stock valued at $7,796,000 after acquiring an additional 255,201 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in USA Compression Partners in the second quarter valued at about $3,302,000. Institutional investors and hedge funds own 42.53% of the company’s stock.

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.

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Analyst Recommendations for USA Compression Partners (NYSE:USAC)

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