Mizuho Forecasts Strong Price Appreciation for USA Compression Partners (NYSE:USAC) Stock

USA Compression Partners (NYSE:USAC) had its target price hoisted by investment analysts at Mizuho from $24.00 to $26.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the oil and gas company’s stock. Mizuho’s price objective indicates a potential downside of 3.76% from the company’s current price.

Separately, Royal Bank of Canada reissued a “sector perform” rating and set a $27.00 price target on shares of USA Compression Partners in a research note on Friday, November 22nd. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $26.50.

USA Compression Partners Stock Up 1.4 %

Shares of USAC stock traded up $0.37 on Monday, reaching $27.02. The company had a trading volume of 228,116 shares, compared to its average volume of 432,102. The business’s 50-day moving average is $23.96 and its 200 day moving average is $23.05. The stock has a market capitalization of $3.16 billion, a PE ratio of 47.07 and a beta of 1.34. USA Compression Partners has a one year low of $21.06 and a one year high of $28.47.

USA Compression Partners (NYSE:USAC) last posted its earnings results on Tuesday, November 5th. The oil and gas company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.07). USA Compression Partners had a negative return on equity of 47.53% and a net margin of 9.36%. The company had revenue of $239.97 million for the quarter, compared to the consensus estimate of $238.37 million. During the same period in the previous year, the firm posted $0.09 EPS. On average, sell-side analysts forecast that USA Compression Partners will post 0.8 earnings per share for the current fiscal year.

Institutional Trading of USA Compression Partners

Several institutional investors have recently added to or reduced their stakes in USAC. Allworth Financial LP raised its position in shares of 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 worth $30,000 after acquiring an additional 1,283 shares in the last quarter. Sunbelt Securities Inc. grew its stake in USA Compression Partners by 16.4% during the third quarter. Sunbelt Securities Inc. now owns 5,175 shares of the oil and gas company’s stock worth $119,000 after purchasing an additional 730 shares during the period. Sanctuary Advisors LLC bought a new stake in USA Compression Partners in the second quarter worth approximately $204,000. Stifel Financial Corp acquired a new position in USA Compression Partners in the third quarter valued at approximately $210,000. Finally, Seelaus Asset Management LLC boosted its holdings in shares of USA Compression Partners by 4.6% during the 3rd quarter. Seelaus Asset Management LLC now owns 11,278 shares of the oil and gas company’s stock worth $258,000 after buying an additional 500 shares in the last quarter. 47.77% of the stock is currently owned by institutional investors.

About USA Compression Partners

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.