USA Compression Partners, LP (NYSE:USAC) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Tuesday, August 1st.
USAC has been the subject of a number of other research reports. Royal Bank Of Canada reiterated a “hold” rating and issued a $20.00 price objective on shares of USA Compression Partners, in a research report on Friday, April 21st. Zacks Investment Research downgraded USA Compression Partners, from a “hold” rating to a “sell” rating in a research report on Wednesday, April 19th.
Shares of USA Compression Partners, (NYSE USAC) traded up 1.08% during midday trading on Tuesday, hitting $14.99. 127,601 shares of the company were exchanged. The company has a 50-day moving average price of $16.51 and a 200-day moving average price of $16.78. USA Compression Partners, has a 52-week low of $14.30 and a 52-week high of $19.78. The stock has a market capitalization of $922.99 million, a price-to-earnings ratio of 454.24 and a beta of 1.16.
USA Compression Partners, (NYSE:USAC) last released its earnings results on Friday, August 4th. The oil and gas company reported $0.05 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.05. USA Compression Partners, had a return on equity of 1.38% and a net margin of 1.20%. The firm had revenue of $66 million for the quarter, compared to analyst estimates of $65.85 million. During the same quarter last year, the firm posted $0.05 EPS. The company’s revenue was up 3.9% on a year-over-year basis. On average, analysts forecast that USA Compression Partners, will post $0.26 EPS for the current year.
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A number of institutional investors have recently modified their holdings of USAC. First Trust Advisors LP purchased a new stake in USA Compression Partners, during the second quarter valued at approximately $12,741,000. OppenheimerFunds Inc. boosted its stake in USA Compression Partners, by 6.5% in the first quarter. OppenheimerFunds Inc. now owns 6,417,478 shares of the oil and gas company’s stock valued at $108,391,000 after buying an additional 392,500 shares during the period. Carlyle Group L.P. boosted its stake in USA Compression Partners, by 1.6% in the second quarter. Carlyle Group L.P. now owns 24,513,196 shares of the oil and gas company’s stock valued at $401,036,000 after buying an additional 378,167 shares during the period. Riverstone Holdings LLC boosted its stake in USA Compression Partners, by 1.6% in the second quarter. Riverstone Holdings LLC now owns 23,882,976 shares of the oil and gas company’s stock valued at $390,725,000 after buying an additional 368,445 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in USA Compression Partners, by 62.3% in the first quarter. Goldman Sachs Group Inc. now owns 923,944 shares of the oil and gas company’s stock valued at $15,605,000 after buying an additional 354,499 shares during the period.
About USA Compression Partners,
USA Compression Partners, LP is an independent provider of compression services in the United States. The Company provides compression services to its customers primarily in connection with infrastructure applications, including both allowing for the processing and transportation of natural gas through the domestic pipeline system and managing crude oil production through artificial lift processes.
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