USA Compression Partners (USAC) Upgraded by Zacks Investment Research to “Buy”

Zacks Investment Research upgraded shares of USA Compression Partners (NYSE:USAC) from a hold rating to a buy rating in a research report released on Thursday. Zacks Investment Research currently has $18.00 target price on the oil and gas company’s stock.

According to Zacks, “USA Compression Partners, LP is engaged in providing compression services primarily in the United States. It designs, engineers, operates and maintains natural gas compressor packages. The Company’s customer base is comprised of producers, processors, gatherers and transporters of natural gas. It generally provides its compression services primarily under long-term, fixed fee contracts. USA Compression Partners, LP is headquartered in Austin, Texas. “

A number of other research firms also recently commented on USAC. B. Riley set a $22.00 target price on USA Compression Partners and gave the company a buy rating in a report on Wednesday, February 20th. UBS Group downgraded USA Compression Partners from a buy rating to a neutral rating in a report on Thursday, January 3rd. Finally, ValuEngine downgraded USA Compression Partners from a buy rating to a hold rating in a report on Wednesday, January 2nd. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $20.20.

NYSE:USAC traded down $0.07 during midday trading on Thursday, reaching $16.00. The stock had a trading volume of 1,309 shares, compared to its average volume of 296,063. USA Compression Partners has a 12-month low of $12.09 and a 12-month high of $19.28. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.46 and a quick ratio of 0.86. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of -37.30 and a beta of 1.38.

USA Compression Partners (NYSE:USAC) last released its earnings results on Tuesday, February 19th. The oil and gas company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.06. USA Compression Partners had a positive return on equity of 1.57% and a negative net margin of 0.44%. The company had revenue of $172.00 million during the quarter, compared to the consensus estimate of $170.78 million. During the same quarter last year, the company earned $0.07 earnings per share. USA Compression Partners’s quarterly revenue was up 128.1% compared to the same quarter last year. As a group, analysts expect that USA Compression Partners will post -0.15 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the company. First Foundation Advisors acquired a new position in shares of USA Compression Partners during the 4th quarter worth $143,000. Advisor Group Inc. raised its stake in shares of USA Compression Partners by 11.2% during the 4th quarter. Advisor Group Inc. now owns 11,631 shares of the oil and gas company’s stock worth $151,000 after buying an additional 1,170 shares during the last quarter. Tortoise Index Solutions LLC raised its stake in USA Compression Partners by 104.6% in the 4th quarter. Tortoise Index Solutions LLC now owns 11,718 shares of the oil and gas company’s stock valued at $152,000 after purchasing an additional 5,992 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in USA Compression Partners in the 4th quarter valued at about $156,000. Finally, Fort Washington Investment Advisors Inc. OH acquired a new position in USA Compression Partners in the 3rd quarter valued at about $291,000. 34.71% of the stock is owned by institutional investors and hedge funds.

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.

Recommended Story: What is Put Option Volume?

Get a free copy of the Zacks research report on USA Compression Partners (USAC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for USA Compression Partners (NYSE:USAC)

Receive News & Ratings for USA Compression Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for USA Compression Partners and related companies with MarketBeat.com's FREE daily email newsletter.