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

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

A number of other brokerages also recently issued reports on USAC. Mizuho upped their price objective on shares of USA Compression Partners from $19.00 to $22.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 15th. Royal Bank of Canada upped their price objective on shares of USA Compression Partners from $19.00 to $23.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 15th. JPMorgan Chase & Co. upped their price objective on shares of USA Compression Partners from $17.00 to $20.00 and gave the stock an “underweight” rating in a research report on Tuesday, March 7th. 51job reiterated a “maintains” rating on shares of USA Compression Partners in a research note on Wednesday, May 3rd. Finally, Stifel Nicolaus boosted their target price on shares of USA Compression Partners from $18.00 to $21.00 in a research note on Wednesday, February 15th. One research analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $21.50.

USA Compression Partners Price Performance

NYSE:USAC opened at $19.45 on Thursday. The firm has a 50-day moving average of $20.73 and a 200-day moving average of $19.91. The company has a market cap of $1.91 billion, a PE ratio of -176.82 and a beta of 1.53. USA Compression Partners has a one year low of $14.90 and a one year high of $21.95.

USA Compression Partners (NYSE:USAC – Get Rating) last posted its earnings results on Tuesday, February 14th. The oil and gas company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.10). The business had revenue of $190.11 million for the quarter, compared to the consensus estimate of $180.14 million. USA Compression Partners had a negative return on equity of 42.01% and a net margin of 5.15%. On average, equities research analysts expect that USA Compression Partners will post 0.24 earnings per share for the current fiscal year.

Hedge Funds Weigh In On USA Compression Partners

A number of large investors have recently added to or reduced their stakes in the business. Invesco Ltd. raised its position in USA Compression Partners by 0.3% in the 1st quarter. Invesco Ltd. now owns 17,488,613 shares of the oil and gas company’s stock worth $307,975,000 after purchasing an additional 50,981 shares during the period. JPMorgan Chase & Co. purchased a new position in shares of USA Compression Partners in the fourth quarter valued at about $20,241,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of USA Compression Partners by 6.7% in 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 acquiring an additional 57,471 shares during the period. Energy Income Partners LLC increased its position in shares of USA Compression Partners by 5.1% in 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 acquiring an additional 22,554 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its position in shares of USA Compression Partners by 13.7% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 435,601 shares of the oil and gas company’s stock valued at $9,204,000 after acquiring an additional 52,449 shares during the period. Hedge funds and other institutional investors own 23.02% of the company’s stock.

USA Compression Partners Company Profile

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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.