USA Compression Partners (NYSE:USAC) Stock Rating Lowered by StockNews.com

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

Several other equities analysts have also recently issued reports on the company. Raymond James boosted their price objective on USA Compression Partners from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Tuesday, April 16th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $26.00 price target on shares of USA Compression Partners in a report on Tuesday, June 11th. Finally, Mizuho raised USA Compression Partners from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $23.00 to $26.00 in a report on Thursday, May 30th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $26.50.

USA Compression Partners Stock Performance

USA Compression Partners stock opened at $24.12 on Thursday. The business’s 50-day simple moving average is $24.04 and its two-hundred day simple moving average is $24.89. The company has a market cap of $2.48 billion, a PE ratio of 58.83 and a beta of 1.33. USA Compression Partners has a fifty-two week low of $19.60 and a fifty-two week high of $28.47.

USA Compression Partners (NYSE:USAC) last issued its quarterly earnings data on Tuesday, May 7th. The oil and gas company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.04. The business had revenue of $229.28 million during the quarter, compared to analysts’ expectations of $226.43 million. USA Compression Partners had a negative return on equity of 31.50% and a net margin of 9.21%. As a group, analysts predict that USA Compression Partners will post 0.77 EPS for the current fiscal year.

Insider Buying and Selling at USA Compression Partners

In other news, major shareholder Veteran Equity Aggregator Eig sold 2,776,383 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $23.00, for a total value of $63,856,809.00. Following the completion of the sale, the insider now directly owns 2,754,315 shares in the company, valued at $63,349,245. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Bradford D. Whitehurst purchased 10,000 shares of the company’s stock in a transaction dated Friday, May 10th. The stock was acquired at an average cost of $24.66 per share, for a total transaction of $246,600.00. Following the completion of the transaction, the director now directly owns 13,616 shares of the company’s stock, valued at $335,770.56. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Veteran Equity Aggregator Eig sold 2,776,383 shares of the stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $23.00, for a total value of $63,856,809.00. Following the completion of the transaction, the insider now owns 2,754,315 shares of the company’s stock, valued at $63,349,245. The disclosure for this sale can be found here. Insiders sold 3,014,817 shares of company stock valued at $69,682,572 over the last quarter.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in USAC. UBS Group AG boosted its position in shares of USA Compression Partners by 107.1% during the fourth quarter. UBS Group AG now owns 542,425 shares of the oil and gas company’s stock worth $12,384,000 after buying an additional 280,491 shares during the period. Energy Income Partners LLC boosted its position in shares of USA Compression Partners by 7.8% during the first quarter. Energy Income Partners LLC now owns 478,431 shares of the oil and gas company’s stock worth $12,760,000 after buying an additional 34,817 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in shares of USA Compression Partners by 2.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 473,414 shares of the oil and gas company’s stock valued at $12,626,000 after acquiring an additional 10,116 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of USA Compression Partners by 39.3% in the fourth quarter. Wells Fargo & Company MN now owns 303,469 shares of the oil and gas company’s stock valued at $6,928,000 after acquiring an additional 85,692 shares in the last quarter. Finally, Objectivity Squared LLC acquired a new stake in shares of USA Compression Partners in the fourth quarter valued at $4,429,000. 47.77% of the stock is currently owned by hedge funds and other institutional investors.

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.