USA Compression Partners, LP (USAC) Lifted to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of USA Compression Partners, LP (NYSE:USAC) from a hold rating to a buy rating in a report released on Thursday morning. They currently have $19.00 price objective 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. “

Several other analysts also recently weighed in on USAC. BidaskClub upgraded USA Compression Partners, from a strong sell rating to a sell rating in a report on Tuesday, June 13th. Royal Bank Of Canada restated a hold rating and issued a $20.00 price objective on shares of USA Compression Partners, in a report on Monday, July 31st. Janney Montgomery Scott started coverage on USA Compression Partners, in a research note on Friday, September 1st. They issued a neutral rating and a $16.00 target price on the stock. Finally, ValuEngine lowered USA Compression Partners, from a hold rating to a sell rating in a research note on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $18.33.

USA Compression Partners, (NYSE:USAC) opened at 17.28 on Thursday. The firm’s 50-day moving average is $15.84 and its 200-day moving average is $16.34. USA Compression Partners, has a 12 month low of $14.30 and a 12 month high of $19.78. The stock has a market capitalization of $1.06 billion, a P/E ratio of 523.64 and a beta of 1.18.

USA Compression Partners, (NYSE:USAC) last released its quarterly earnings data on Friday, August 4th. The oil and gas company reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05. The firm had revenue of $66.00 million during the quarter, compared to the consensus estimate of $65.85 million. USA Compression Partners, had a return on equity of 1.38% and a net margin of 1.20%. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.05 earnings per share. On average, equities analysts expect that USA Compression Partners, will post $0.26 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This report was published by Transcript Daily and is the sole property of of Transcript Daily. If you are viewing this report on another website, it was copied illegally and reposted in violation of US and international trademark & copyright legislation. The original version of this report can be viewed at https://transcriptdaily.com/2017/10/09/usa-compression-partners-lp-usac-lifted-to-buy-at-zacks-investment-research.html.

A number of institutional investors and hedge funds have recently bought and sold shares of USAC. First Trust Advisors LP purchased a new position in USA Compression Partners, in the second quarter valued at about $12,741,000. Carlyle Group L.P. grew its stake in USA Compression Partners, by 1.6% in the second quarter. Carlyle Group L.P. now owns 24,513,196 shares of the oil and gas company’s stock valued at $401,036,000 after purchasing an additional 378,167 shares during the last quarter. Riverstone Holdings LLC grew its stake in USA Compression Partners, by 1.6% in the second quarter. Riverstone Holdings LLC now owns 23,882,976 shares of the oil and gas company’s stock valued at $390,725,000 after purchasing an additional 368,445 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in USA Compression Partners, by 62.3% in the first quarter. Goldman Sachs Group Inc. now owns 923,944 shares of the oil and gas company’s stock valued at $15,605,000 after purchasing an additional 354,499 shares during the last quarter. Finally, FMR LLC purchased a new position in USA Compression Partners, in the first quarter valued at about $2,162,000.

About USA Compression Partners,

USA Compression Partners, LP is an independent provider of compression services in the United States. The Company provides compression services to its customers primarily in connection with infrastructure applications, including both allowing for the processing and transportation of natural gas through the domestic pipeline system and managing crude oil production through artificial lift processes.

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

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

Leave a Reply