USA Compression Partners (NYSE:USAC) Trading Up 8.3%

USA Compression Partners LP (NYSE:USAC) shares were up 8.3% on Thursday . The company traded as high as $13.65 and last traded at $13.60. Approximately 286,455 shares changed hands during trading, a decline of 17% from the average daily volume of 346,283 shares. The stock had previously closed at $12.56.

USAC has been the subject of several analyst reports. Zacks Investment Research raised shares of USA Compression Partners from a “sell” rating to a “hold” rating and set a $11.00 price objective for the company in a research note on Tuesday, October 27th. ValuEngine raised shares of USA Compression Partners from a “hold” rating to a “buy” rating in a research note on Tuesday, December 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. USA Compression Partners currently has an average rating of “Hold” and a consensus price target of $13.00.

The firm’s fifty day moving average price is $12.31 and its 200-day moving average price is $11.44. The company has a current ratio of 1.16, a quick ratio of 0.67 and a debt-to-equity ratio of 4.15. The company has a market cap of $1.32 billion, a P/E ratio of -2.10 and a beta of 2.37.

USA Compression Partners (NYSE:USAC) last posted its quarterly earnings data on Tuesday, November 3rd. The oil and gas company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.03. USA Compression Partners had a negative net margin of 84.00% and a positive return on equity of 4.19%. The company had revenue of $161.67 million for the quarter, compared to the consensus estimate of $162.88 million. As a group, research analysts forecast that USA Compression Partners LP will post -0.25 earnings per share for the current fiscal year.

In related news, insider Eric D. Long sold 2,341 shares of the company’s stock in a transaction dated Friday, December 18th. The shares were sold at an average price of $13.05, for a total value of $30,550.05. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

A number of hedge funds and other institutional investors have recently bought and sold shares of USAC. Professional Financial Advisors LLC acquired a new position in USA Compression Partners in the third quarter valued at about $52,000. Bank of Montreal Can acquired a new position in USA Compression Partners in the second quarter valued at about $144,000. Verus Financial Partners Inc. acquired a new position in USA Compression Partners in the third quarter valued at about $150,000. Rockefeller Capital Management L.P. boosted its position in USA Compression Partners by 2,346.5% in the second quarter. Rockefeller Capital Management L.P. now owns 18,349 shares of the oil and gas company’s stock valued at $199,000 after buying an additional 17,599 shares in the last quarter. Finally, Lucas Capital Management acquired a new position in shares of USA Compression Partners during the second quarter worth approximately $219,000. 26.27% of the stock is currently owned by institutional investors and hedge funds.

USA Compression Partners Company Profile (NYSE:USAC)

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.

Further Reading: Sell-Side Analysts

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