USA Compression Partners (NYSE:USAC) Stock Price Expected to Rise, Citigroup Analyst Says

USA Compression Partners (NYSE:USAC) had its price target increased by Citigroup from $24.00 to $27.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the oil and gas company’s stock. Citigroup’s price target would suggest a potential downside of 1.65% from the company’s previous close.

Other research analysts also recently issued research reports about the company. Royal Bank of Canada reiterated a “sector perform” rating and issued a $27.00 price objective on shares of USA Compression Partners in a report on Friday, November 22nd. Mizuho increased their price objective on USA Compression Partners from $24.00 to $26.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $27.50.

USA Compression Partners Price Performance

Shares of NYSE USAC opened at $27.45 on Tuesday. The stock’s 50-day moving average is $25.72 and its two-hundred day moving average is $23.73. USA Compression Partners has a 1-year low of $21.06 and a 1-year high of $30.10. The company has a market cap of $3.23 billion, a price-to-earnings ratio of 37.61 and a beta of 1.34.

USA Compression Partners (NYSE:USAC) last issued its quarterly earnings results on Tuesday, February 11th. The oil and gas company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.06). USA Compression Partners had a negative return on equity of 62.46% and a net margin of 10.48%. Equities research analysts anticipate that USA Compression Partners will post 1.05 earnings per share for the current fiscal year.

Institutional Trading of USA Compression Partners

Hedge funds have recently modified their holdings of the business. Allworth Financial LP increased its stake in USA Compression Partners by 3,054.8% in the 3rd quarter. Allworth Financial LP now owns 1,325 shares of the oil and gas company’s stock valued at $30,000 after purchasing an additional 1,283 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new position in USA Compression Partners in the 4th quarter valued at approximately $95,000. Sunbelt Securities Inc. increased its stake in USA Compression Partners by 16.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 5,175 shares of the oil and gas company’s stock valued at $119,000 after purchasing an additional 730 shares in the last quarter. Broadway Wealth Solutions Inc. purchased a new position in USA Compression Partners in the 4th quarter valued at approximately $201,000. Finally, TSA Wealth Managment LLC purchased a new position in USA Compression Partners during the fourth quarter worth $205,000. 47.77% of the stock is owned by institutional investors and hedge funds.

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.