USA Compression Partners (NYSE:USAC) Downgraded to “Hold” at StockNews.com

USA Compression Partners (NYSE:USAC – Get Rating) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.

A number of other equities analysts also recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on USA Compression Partners from $17.00 to $20.00 and gave the stock an “underweight” rating in a report on Tuesday, March 7th. Mizuho increased their price objective on USA Compression Partners from $19.00 to $22.00 and gave the stock a “neutral” rating in a report on Wednesday, February 15th. Royal Bank of Canada raised their price target on USA Compression Partners from $19.00 to $23.00 and gave the company a “sector perform” rating in a report on Wednesday, February 15th. Finally, Stifel Nicolaus raised their price target on USA Compression Partners from $18.00 to $21.00 in a report on Wednesday, February 15th.

USA Compression Partners Trading Down 1.5 %

USAC opened at $20.10 on Monday. The stock has a fifty day simple moving average of $20.65 and a two-hundred day simple moving average of $19.11. The company has a market cap of $1.98 billion, a price-to-earnings ratio of -105.79 and a beta of 1.54. USA Compression Partners has a 12-month low of $14.90 and a 12-month high of $21.95.

Institutional Investors Weigh In On USA Compression Partners

Several institutional investors have recently modified their holdings of the business. Invesco Ltd. boosted its position in shares of USA Compression Partners by 0.3% during the first quarter. Invesco Ltd. now owns 17,488,613 shares of the oil and gas company’s stock valued at $307,975,000 after buying an additional 50,981 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of USA Compression Partners during the fourth quarter valued at $20,241,000. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of USA Compression Partners by 6.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 909,438 shares of the oil and gas company’s stock valued at $17,761,000 after buying an additional 57,471 shares during the last quarter. Energy Income Partners LLC boosted its position in shares of USA Compression Partners by 5.1% during the fourth quarter. Energy Income Partners LLC now owns 463,516 shares of the oil and gas company’s stock valued at $9,052,000 after buying an additional 22,554 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its position in shares of USA Compression Partners by 1.5% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 383,152 shares of the oil and gas company’s stock valued at $7,483,000 after buying an additional 5,593 shares during the last quarter. 23.02% of the stock is owned by hedge funds and other institutional investors.

About USA Compression Partners

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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.