Stifel Nicolaus Downgrades USA Compression Partners (NYSE:USAC) to Hold

Stifel Nicolaus downgraded shares of USA Compression Partners (NYSE:USAC) from a buy rating to a hold rating in a research note published on Thursday morning, BenzingaRatingsTable reports. Stifel Nicolaus currently has $18.00 price target on the oil and gas company’s stock.

A number of other research analysts have also recently issued reports on USAC. UBS Group set a $17.00 price objective on USA Compression Partners and gave the company a hold rating in a report on Wednesday, August 7th. Zacks Investment Research raised USA Compression Partners from a hold rating to a buy rating and set a $19.00 price objective for the company in a report on Friday, October 11th. TheStreet cut USA Compression Partners from a c- rating to a d rating in a report on Wednesday, August 28th. ValuEngine raised USA Compression Partners from a hold rating to a buy rating in a report on Tuesday, October 1st. Finally, Royal Bank of Canada set a $18.00 price objective on USA Compression Partners and gave the company a buy rating in a report on Wednesday, August 7th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. USA Compression Partners has an average rating of Buy and an average price target of $18.67.

Shares of NYSE USAC traded down $0.04 during midday trading on Thursday, reaching $17.32. 9,257 shares of the company traded hands, compared to its average volume of 131,065. The firm has a market cap of $1.68 billion, a PE ratio of -39.95 and a beta of 1.26. The stock’s 50-day simple moving average is $16.82 and its 200-day simple moving average is $17.07. USA Compression Partners has a 12 month low of $12.09 and a 12 month high of $19.00. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 1.36.

USA Compression Partners (NYSE:USAC) last issued its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported $0.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.03. The company had revenue of $173.70 million during the quarter, compared to analysts’ expectations of $172.87 million. USA Compression Partners had a return on equity of 1.93% and a net margin of 3.82%. The business’s revenue was up 4.0% on a year-over-year basis. During the same period last year, the business earned ($0.10) earnings per share. On average, equities research analysts expect that USA Compression Partners will post -0.09 EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in USAC. Winslow Evans & Crocker Inc. bought a new position in shares of USA Compression Partners in the second quarter valued at about $34,000. First PREMIER Bank bought a new position in shares of USA Compression Partners in the third quarter valued at about $35,000. SG Americas Securities LLC bought a new position in shares of USA Compression Partners in the second quarter valued at about $145,000. Wells Fargo & Company MN increased its position in USA Compression Partners by 16.9% in the second quarter. Wells Fargo & Company MN now owns 9,708 shares of the oil and gas company’s stock worth $173,000 after purchasing an additional 1,405 shares during the period. Finally, Stephens Inc. AR acquired a new stake in USA Compression Partners in the second quarter worth about $178,000. 31.07% 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.

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Analyst Recommendations for USA Compression Partners (NYSE:USAC)

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