Mizuho Issues Positive Forecast for USA Compression Partners (NYSE:USAC) Stock Price

USA Compression Partners (NYSE:USAC) had its target price hoisted by analysts at Mizuho from $24.00 to $26.00 in a report released on Monday,Benzinga reports. The firm presently has a “neutral” rating on the oil and gas company’s stock. Mizuho’s target price would indicate a potential downside of 3.76% from the company’s current price.

Separately, Royal Bank of Canada restated a “sector perform” rating and set a $27.00 target price on shares of USA Compression Partners in a research report on Friday, November 22nd. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $26.50.

USA Compression Partners Price Performance

Shares of NYSE:USAC traded up $0.37 during trading on Monday, reaching $27.02. The stock had a trading volume of 228,116 shares, compared to its average volume of 432,102. The stock has a market capitalization of $3.16 billion, a PE ratio of 47.07 and a beta of 1.34. USA Compression Partners has a 52 week low of $21.06 and a 52 week high of $28.47. The business’s 50-day moving average price is $23.96 and its 200 day moving average price is $23.05.

USA Compression Partners (NYSE:USAC) last announced its earnings results on Tuesday, November 5th. The oil and gas company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.07). The business had revenue of $239.97 million during the quarter, compared to analyst estimates of $238.37 million. USA Compression Partners had a net margin of 9.36% and a negative return on equity of 47.53%. During the same quarter last year, the business posted $0.09 earnings per share. Analysts forecast that USA Compression Partners will post 0.8 EPS for the current year.

Institutional Investors Weigh In On USA Compression Partners

Hedge funds have recently bought and sold shares of the stock. Seelaus Asset Management LLC boosted its holdings in USA Compression Partners by 4.6% in the 3rd quarter. Seelaus Asset Management LLC now owns 11,278 shares of the oil and gas company’s stock valued at $258,000 after purchasing an additional 500 shares during the period. Sunbelt Securities Inc. boosted its stake in shares of USA Compression Partners by 16.4% in the third quarter. Sunbelt Securities Inc. now owns 5,175 shares of the oil and gas company’s stock valued at $119,000 after buying an additional 730 shares during the period. Sanctuary Advisors LLC grew its position in USA Compression Partners by 9.2% during the third quarter. Sanctuary Advisors LLC now owns 9,052 shares of the oil and gas company’s stock worth $215,000 after buying an additional 766 shares in the last quarter. Rockefeller Capital Management L.P. increased its stake in USA Compression Partners by 0.4% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 211,521 shares of the oil and gas company’s stock worth $4,848,000 after acquiring an additional 833 shares during the period. Finally, World Investment Advisors LLC raised its holdings in USA Compression Partners by 9.0% in the 3rd quarter. World Investment Advisors LLC now owns 11,720 shares of the oil and gas company’s stock valued at $269,000 after acquiring an additional 970 shares in the last quarter. 47.77% of the stock is currently owned by institutional investors and hedge funds.

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.