USA Compression Partners (NYSE:USAC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of USA Compression Partners (NYSE:USAC) from a hold rating to a buy rating in a report published on Saturday.

USAC has been the subject of several other research reports. Mizuho increased their price target on USA Compression Partners from $22.00 to $23.00 and gave the stock a “neutral” rating in a research note on Friday, August 29th. Citigroup reiterated a “neutral” rating on shares of USA Compression Partners in a research report on Tuesday, December 2nd. Finally, Zacks Research raised shares of USA Compression Partners from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $25.00.

USA Compression Partners Stock Down 0.3%

USA Compression Partners stock opened at $24.20 on Friday. The firm has a 50 day moving average price of $23.50 and a 200-day moving average price of $24.09. USA Compression Partners has a twelve month low of $21.53 and a twelve month high of $30.10. The company has a market capitalization of $2.97 billion, a P/E ratio of 30.25 and a beta of 0.24.

USA Compression Partners (NYSE:USAC) last posted its quarterly earnings results on Wednesday, November 5th. The oil and gas company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.04. USA Compression Partners had a net margin of 10.99% and a negative return on equity of 76.84%. The company had revenue of $250.26 million for the quarter, compared to analysts’ expectations of $250.23 million. Equities analysts expect that USA Compression Partners will post 1.05 EPS for the current fiscal year.

USA Compression Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Monday, October 27th were given a $0.525 dividend. The ex-dividend date was Monday, October 27th. This represents a $2.10 dividend on an annualized basis and a yield of 8.7%. USA Compression Partners’s payout ratio is presently 262.50%.

Institutional Investors Weigh In On USA Compression Partners

A number of hedge funds have recently made changes to their positions in USAC. Alps Advisors Inc. boosted its stake in shares of USA Compression Partners by 9.6% in the 3rd quarter. Alps Advisors Inc. now owns 17,105,738 shares of the oil and gas company’s stock valued at $410,538,000 after purchasing an additional 1,500,640 shares in the last quarter. Invesco Ltd. lifted its stake in shares of USA Compression Partners by 0.7% in the 1st quarter. Invesco Ltd. now owns 12,360,573 shares of the oil and gas company’s stock valued at $333,488,000 after acquiring an additional 86,122 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in USA Compression Partners by 274.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,351,079 shares of the oil and gas company’s stock valued at $130,085,000 after acquiring an additional 3,922,383 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in USA Compression Partners by 14.1% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,305,265 shares of the oil and gas company’s stock valued at $128,971,000 after acquiring an additional 654,001 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in USA Compression Partners by 82.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,863,377 shares of the oil and gas company’s stock worth $77,254,000 after acquiring an additional 1,296,339 shares during the last quarter. 47.77% 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.