JPMorgan Chase & Co. Issues Positive Forecast for USA Compression Partners (NYSE:USAC) Stock Price

USA Compression Partners (NYSE:USAC) had its target price hoisted by equities researchers at JPMorgan Chase & Co. from $23.00 to $24.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an “underweight” rating on the oil and gas company’s stock. JPMorgan Chase & Co.‘s target price indicates a potential downside of 5.26% from the stock’s previous close.

A number of other equities research analysts have also issued reports on USAC. Mizuho raised 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. Royal Bank of Canada reiterated a “sector perform” rating and set a $27.00 target price on shares of USA Compression Partners in a research report on Friday, November 22nd. Finally, Citigroup upped their target price on shares of USA Compression Partners from $24.00 to $27.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $26.80.

USA Compression Partners Trading Up 0.2 %

Shares of USAC opened at $25.33 on Tuesday. The company’s fifty day simple moving average is $26.31 and its 200-day simple moving average is $24.00. The company has a market cap of $2.98 billion, a P/E ratio of 34.70 and a beta of 1.31. USA Compression Partners has a twelve month low of $21.06 and a twelve month high of $30.10.

USA Compression Partners (NYSE:USAC) last posted its quarterly earnings data on Tuesday, February 11th. The oil and gas company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates 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%. Analysts predict that USA Compression Partners will post 1.05 earnings per share for the current fiscal year.

Institutional Trading of USA Compression Partners

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new stake in USA Compression Partners during the fourth quarter valued at about $13,905,000. Invesco Ltd. lifted its position in shares of USA Compression Partners by 0.9% during the fourth quarter. Invesco Ltd. now owns 12,274,451 shares of the oil and gas company’s stock valued at $289,186,000 after buying an additional 107,058 shares during the last quarter. Truist Financial Corp bought a new stake in shares of USA Compression Partners in the 4th quarter valued at about $2,428,000. Mallini Complete Financial Planning LLC purchased a new position in shares of USA Compression Partners in the 4th quarter worth approximately $2,176,000. Finally, Jane Street Group LLC raised its stake in shares of USA Compression Partners by 236.0% during the 4th quarter. Jane Street Group LLC now owns 130,270 shares of the oil and gas company’s stock worth $3,069,000 after acquiring an additional 91,499 shares in the last quarter. Institutional investors 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.