USA Compression Partners (NYSE:USAC) Price Target Raised to $30.00

USA Compression Partners (NYSE:USAC) had its price target increased by equities researchers at Raymond James from $28.00 to $30.00 in a report released on Tuesday, Benzinga reports. The firm currently has an “outperform” rating on the oil and gas company’s stock. Raymond James’ target price points to a potential upside of 20.07% from the stock’s previous close.

Other research analysts also recently issued research reports about the stock. Mizuho lifted their price objective on shares of USA Compression Partners from $22.00 to $23.00 and gave the company an “underperform” rating in a research report on Wednesday, February 14th. StockNews.com downgraded shares of USA Compression Partners from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, USA Compression Partners presently has an average rating of “Hold” and a consensus price target of $24.75.

USA Compression Partners Trading Down 0.1 %

USAC stock opened at $24.99 on Tuesday. The stock has a market cap of $2.57 billion, a PE ratio of 118.98 and a beta of 1.30. The stock has a 50-day moving average price of $25.93 and a two-hundred day moving average price of $25.20. USA Compression Partners has a 1 year low of $18.48 and a 1 year high of $28.47.

USA Compression Partners (NYSE:USAC) last announced its quarterly earnings data on Tuesday, February 13th. The oil and gas company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02). USA Compression Partners had a negative return on equity of 31.81% and a net margin of 8.07%. The business had revenue of $225.05 million during the quarter, compared to the consensus estimate of $221.50 million. During the same period in the prior year, the firm earned ($0.04) EPS. On average, analysts forecast that USA Compression Partners will post 0.57 earnings per share for the current fiscal year.

Insider Buying and Selling

In other USA Compression Partners news, major shareholder Veteran Equity Aggregator Eig sold 1,681,689 shares of the firm’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $25.10, for a total value of $42,210,393.90. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, major shareholder Veteran Equity Aggregator Eig sold 1,681,689 shares of the stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $25.10, for a total value of $42,210,393.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Eric D. Long sold 43,725 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $24.58, for a total transaction of $1,074,760.50. Following the completion of the transaction, the insider now owns 312,346 shares of the company’s stock, valued at approximately $7,677,464.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,755,566 shares of company stock worth $194,685,337.

Institutional Trading of USA Compression Partners

Institutional investors have recently bought and sold shares of the company. Belpointe Asset Management LLC boosted its stake in USA Compression Partners by 232.9% during the first quarter. Belpointe Asset Management LLC now owns 1,235 shares of the oil and gas company’s stock worth $26,000 after acquiring an additional 864 shares in the last quarter. State of Wyoming acquired a new position in shares of USA Compression Partners during the fourth quarter worth approximately $32,000. Creekmur Asset Management LLC bought a new position in shares of USA Compression Partners in the 4th quarter worth $46,000. JNBA Financial Advisors acquired a new position in shares of USA Compression Partners during the fourth quarter valued at about $46,000. Finally, Barclays PLC increased its holdings in USA Compression Partners by 1,102.9% during the 1st quarter. Barclays PLC now owns 2,887 shares of the oil and gas company’s stock worth $61,000 after purchasing an additional 2,647 shares in the last quarter. Institutional investors own 47.77% of the company’s stock.

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.