USA Compression Partners LP (NYSE:USAC) was the recipient of a significant decline in short interest in the month of September. As of September 15th, there was short interest totalling 2,200,000 shares, a decline of 9.8% from the August 15th total of 2,440,000 shares. Approximately 4.7% of the company’s shares are sold short. Based on an average daily trading volume, of 193,300 shares, the short-interest ratio is presently 11.4 days.
USAC has been the topic of several research analyst reports. Zacks Investment Research raised USA Compression Partners from a “sell” rating to a “hold” rating in a research note on Friday, July 19th. ValuEngine cut USA Compression Partners from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Royal Bank of Canada set a $18.00 target price on USA Compression Partners and gave the company a “buy” rating in a research note on Wednesday, August 7th. UBS Group set a $17.00 target price on USA Compression Partners and gave the company a “hold” rating in a research note on Wednesday, August 7th. Finally, TheStreet cut USA Compression Partners from a “c-” rating to a “d” rating in a research note on Wednesday, August 28th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $18.83.
A number of hedge funds have recently modified their holdings of USAC. First Trust Advisors LP grew its stake in USA Compression Partners by 13.4% in the first quarter. First Trust Advisors LP now owns 599,284 shares of the oil and gas company’s stock worth $9,355,000 after purchasing an additional 70,874 shares during the period. Marshall Wace LLP purchased a new stake in shares of USA Compression Partners in the first quarter worth $1,203,000. Marshall Wace North America L.P. purchased a new stake in shares of USA Compression Partners in the first quarter worth $898,000. Walnut Private Equity Partners LLC purchased a new stake in shares of USA Compression Partners in the second quarter worth $358,000. Finally, Penbrook Management LLC purchased a new stake in shares of USA Compression Partners in the second quarter worth $775,000. 31.07% of the stock is currently owned by institutional investors.
Shares of USAC traded down $0.02 during mid-day trading on Monday, hitting $17.27. 138,500 shares of the company’s stock traded hands, compared to its average volume of 238,607. The company has a quick ratio of 0.82, a current ratio of 1.36 and a debt-to-equity ratio of 1.42. USA Compression Partners has a 1 year low of $12.09 and a 1 year high of $19.00. The firm has a market capitalization of $1.67 billion, a P/E ratio of -40.16 and a beta of 1.28. The business’s 50-day moving average price is $16.34 and its 200-day moving average price is $16.95.
USA Compression Partners (NYSE:USAC) last issued its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported $0.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.03. The company had revenue of $173.70 million for the quarter, compared to analysts’ expectations of $172.87 million. USA Compression Partners had a return on equity of 1.93% and a net margin of 3.82%. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.10) earnings per share. Sell-side analysts anticipate that USA Compression Partners will post -0.09 earnings per share for the current fiscal year.
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.
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