USA Compression Partners (NYSE:USAC) Price Target Raised to $27.00 at Citigroup

USA Compression Partners (NYSE:USAC) had its target price lifted by research analysts at Citigroup from $24.00 to $27.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the oil and gas company’s stock. Citigroup’s target price suggests a potential downside of 1.89% from the stock’s previous close.

USAC has been the subject of several other reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $27.00 price objective on shares of USA Compression Partners in a research note on Friday, November 22nd. Mizuho upped their price target on USA Compression Partners from $24.00 to $26.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $27.50.

USA Compression Partners Trading Down 0.8 %

Shares of USA Compression Partners stock traded down $0.22 during trading on Tuesday, reaching $27.52. The company’s stock had a trading volume of 199,726 shares, compared to its average volume of 475,469. The company has a 50-day moving average price of $25.51 and a two-hundred day moving average price of $23.66. USA Compression Partners has a fifty-two week low of $21.06 and a fifty-two week high of $30.10. The firm has a market cap of $3.23 billion, a PE ratio of 37.76 and a beta of 1.34.

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

Hedge Funds Weigh In On USA Compression Partners

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allworth Financial LP boosted its stake in shares of USA Compression Partners by 3,054.8% in the third quarter. Allworth Financial LP now owns 1,325 shares of the oil and gas company’s stock valued at $30,000 after buying an additional 1,283 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new position in USA Compression Partners in the fourth quarter worth $95,000. Sunbelt Securities Inc. lifted its holdings in USA Compression Partners by 16.4% in the third quarter. Sunbelt Securities Inc. now owns 5,175 shares of the oil and gas company’s stock valued at $119,000 after acquiring an additional 730 shares during the period. Broadway Wealth Solutions Inc. purchased a new stake in shares of USA Compression Partners during the 4th quarter worth $201,000. Finally, TSA Wealth Managment LLC acquired a new position in shares of USA Compression Partners during the 4th quarter worth $205,000. Institutional investors and hedge funds 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.