USA Compression Partners (NYSE:USAC) Now Covered by Citigroup

Analysts at Citigroup assumed coverage on shares of USA Compression Partners (NYSE:USAC) in a research note issued on Friday, Marketbeat.com reports. The firm set a “neutral” rating and a $23.00 price target on the oil and gas company’s stock. Citigroup’s price target indicates a potential upside of 1.86% from the company’s previous close.

A number of other analysts have also commented on the company. Mizuho raised USA Compression Partners from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $23.00 to $26.00 in a research report on Thursday, May 30th. StockNews.com lowered USA Compression Partners from a “buy” rating to a “hold” rating in a research report on Thursday, July 11th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $26.00 target price on shares of USA Compression Partners in a research report on Thursday, September 12th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, USA Compression Partners presently has a consensus rating of “Hold” and a consensus target price of $25.80.

USA Compression Partners Price Performance

Shares of NYSE:USAC opened at $22.58 on Friday. The company has a market capitalization of $2.64 billion, a price-to-earnings ratio of 55.07 and a beta of 1.32. The business’s 50-day moving average is $22.35 and its 200-day moving average is $24.05. USA Compression Partners has a 1 year low of $21.06 and a 1 year high of $28.47.

USA Compression Partners (NYSE:USAC) last announced its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. The company had revenue of $235.31 million for the quarter, compared to the consensus estimate of $232.86 million. USA Compression Partners had a negative return on equity of 40.62% and a net margin of 9.77%. Analysts anticipate that USA Compression Partners will post 0.82 EPS for the current year.

Insiders Place Their Bets

In other USA Compression Partners news, insider Eric D. Long sold 1,786 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $22.81, for a total transaction of $40,738.66. Following the completion of the sale, the insider now directly owns 307,026 shares of the company’s stock, valued at approximately $7,003,263.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Eric D. Long sold 21,396 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $22.27, for a total value of $476,488.92. Following the completion of the transaction, the insider now directly owns 1,786 shares of the company’s stock, valued at $39,774.22. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Eric D. Long sold 1,786 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were 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. The disclosure for this sale can be found here.

Hedge Funds Weigh In On USA Compression Partners

Institutional investors have recently bought and sold shares of the company. Creekmur Asset Management LLC purchased a new position in USA Compression Partners in the fourth quarter valued at approximately $46,000. Sunbelt Securities Inc. lifted its position in shares of 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 purchased a new stake in shares of USA Compression Partners in the second quarter worth $204,000. F&V Capital Management LLC purchased a new stake in shares of USA Compression Partners in the first quarter worth $209,000. Finally, TSA Wealth Managment LLC purchased a new stake in shares of USA Compression Partners in the first quarter worth $232,000. Hedge funds and other institutional investors own 47.77% of the company’s stock.

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.