USA Compression Partners’ (USAC) Sector Perform Rating Reiterated at Royal Bank of Canada

USA Compression Partners (NYSE:USAC)‘s stock had its “sector perform” rating reissued by stock analysts at Royal Bank of Canada in a research report issued on Friday,Benzinga reports. They currently have a $27.00 target price on the oil and gas company’s stock. Royal Bank of Canada’s price objective suggests a potential upside of 12.59% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. Mizuho dropped their price target on USA Compression Partners from $25.00 to $24.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 2nd. Citigroup initiated coverage on USA Compression Partners in a research note on Friday, September 27th. They issued a “neutral” rating and a $23.00 price target on the stock. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, USA Compression Partners presently has an average rating of “Hold” and a consensus target price of $26.00.

USA Compression Partners Stock Up 0.5 %

USA Compression Partners stock traded up $0.13 during midday trading on Friday, hitting $23.98. The company’s stock had a trading volume of 143,570 shares, compared to its average volume of 355,431. The stock’s 50-day moving average price is $22.70 and its 200-day moving average price is $23.10. USA Compression Partners has a 12 month low of $21.06 and a 12 month high of $28.47. The company has a market capitalization of $2.81 billion, a PE ratio of 42.07 and a beta of 1.32.

USA Compression Partners (NYSE:USAC) last issued its quarterly earnings results on Tuesday, November 5th. The oil and gas company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.07). USA Compression Partners had a negative return on equity of 47.53% and a net margin of 9.36%. The business had revenue of $239.97 million during the quarter, compared to the consensus estimate of $238.37 million. During the same quarter last year, the firm posted $0.09 earnings per share. As a group, equities analysts anticipate that USA Compression Partners will post 0.81 EPS for the current year.

Insider Transactions at USA Compression Partners

In related news, insider Eric D. Long sold 1,786 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $22.81, for a total value of $40,738.66. Following the completion of the transaction, the insider now directly owns 307,026 shares of the company’s stock, valued at $7,003,263.06. This trade represents a 0.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Allworth Financial LP raised its stake in USA Compression Partners by 3,054.8% during the third quarter. Allworth Financial LP now owns 1,325 shares of the oil and gas company’s stock worth $30,000 after acquiring an additional 1,283 shares in the last quarter. Sunbelt Securities Inc. raised its stake in USA Compression Partners by 12.2% during the second quarter. Sunbelt Securities Inc. now owns 4,445 shares of the oil and gas company’s stock worth $105,000 after acquiring an additional 485 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in USA Compression Partners during the second quarter worth $204,000. Stifel Financial Corp acquired a new position in USA Compression Partners during the third quarter worth $210,000. Finally, Perkins Coie Trust Co acquired a new position in USA Compression Partners during the second quarter worth $263,000. 47.77% of the stock is 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.