USA Compression Partners (USAC) Lifted to “Buy” at Zacks Investment Research

USA Compression Partners (NYSE:USAC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Wednesday, Zacks.com reports. The brokerage presently has a $20.00 target price on the oil and gas company’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 12.55% from the stock’s current price.

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. “

USAC has been the subject of a number of other research reports. B. Riley set a $22.00 price target on USA Compression Partners and gave the company a “buy” rating in a report on Wednesday, February 20th. Stifel Nicolaus started coverage on USA Compression Partners in a report on Thursday, April 4th. They set a “buy” rating and a $18.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $20.17.

Shares of USAC stock traded down $0.01 during trading hours on Wednesday, reaching $17.77. The company had a trading volume of 1,354 shares, compared to its average volume of 308,358. The firm has a market cap of $1.60 billion, a P/E ratio of -41.33 and a beta of 1.41. USA Compression Partners has a twelve month low of $12.09 and a twelve month high of $18.80. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.99 and a current ratio of 1.70.

USA Compression Partners (NYSE:USAC) last issued its quarterly earnings results on Tuesday, May 7th. The oil and gas company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). The business had revenue of $170.70 million during the quarter, compared to analysts’ expectations of $171.61 million. USA Compression Partners had a net margin of 2.86% and a return on equity of 1.38%. The company’s revenue for the quarter was up 119.7% on a year-over-year basis. During the same period in the prior year, the company posted ($0.23) EPS.

Large investors have recently added to or reduced their stakes in the business. Intrinsic Edge Capital Management LLC acquired a new stake in shares of USA Compression Partners during the 4th quarter worth approximately $1,188,000. Albert D Mason Inc. raised its position in shares of USA Compression Partners by 4.9% during the 1st quarter. Albert D Mason Inc. now owns 32,416 shares of the oil and gas company’s stock worth $506,000 after purchasing an additional 1,525 shares during the period. Dividend Assets Capital LLC raised its position in shares of USA Compression Partners by 9.9% during the 4th quarter. Dividend Assets Capital LLC now owns 372,330 shares of the oil and gas company’s stock worth $4,833,000 after purchasing an additional 33,688 shares during the period. Wiley BROS. Aintree Capital LLC raised its position in shares of USA Compression Partners by 7.7% during the 1st quarter. Wiley BROS. Aintree Capital LLC now owns 33,633 shares of the oil and gas company’s stock worth $525,000 after purchasing an additional 2,400 shares during the period. Finally, Arrow Investment Advisors LLC raised its position in shares of USA Compression Partners by 2.5% during the 4th quarter. Arrow Investment Advisors LLC now owns 29,487 shares of the oil and gas company’s stock worth $383,000 after purchasing an additional 727 shares during the period. 34.34% of the stock is currently owned by institutional investors.

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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