According to Zacks, “USA Compression Partners, LP is engaged in providing compression services primarily in the United States. It designs, engineers, operates and maintains natural gas compressor packages. The Company’s customer base is comprised of producers, processors, gatherers and transporters of natural gas. It generally provides its compression services primarily under long-term, fixed fee contracts. USA Compression Partners, LP is headquartered in Austin, Texas. “
Other equities research analysts have also recently issued reports about the company. FBR & Co started coverage on USA Compression Partners in a report on Friday, September 9th. They issued an outperform rating and a $21.00 target price on the stock. Goldman Sachs Group Inc. cut USA Compression Partners from a neutral rating to a sell rating and lifted their target price for the stock from $10.00 to $13.00 in a report on Tuesday, June 21st. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $14.00.
USA Compression Partners (NYSE:USAC) opened at 18.37 on Thursday. The company’s market cap is $1.01 billion. USA Compression Partners has a 12 month low of $7.03 and a 12 month high of $19.09. The stock has a 50 day moving average price of $17.72 and a 200 day moving average price of $15.33.
USA Compression Partners (NYSE:USAC) last issued its earnings results on Thursday, August 4th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by $0.07. USA Compression Partners had a positive return on equity of 4.53% and a negative net margin of 51.30%. The firm earned $63.50 million during the quarter, compared to the consensus estimate of $64.98 million. During the same period last year, the firm posted ($0.34) earnings per share. The company’s revenue for the quarter was down 4.4% compared to the same quarter last year. Analysts anticipate that USA Compression Partners will post $0.40 earnings per share for the current fiscal year.
A number of large investors have recently modified their holdings of the company. Carlyle Group L.P. raised its position in shares of USA Compression Partners by 211.7% in the first quarter. Carlyle Group L.P. now owns 22,651,056 shares of the company’s stock valued at $266,150,000 after buying an additional 15,383,546 shares during the period. UBS Group AG raised its position in shares of USA Compression Partners by 193.3% in the first quarter. UBS Group AG now owns 860,151 shares of the company’s stock valued at $10,107,000 after buying an additional 566,919 shares during the period. Lyon Street Capital LLC acquired a new position in shares of USA Compression Partners during the second quarter valued at about $1,237,000. Barclays PLC raised its position in shares of USA Compression Partners by 137.7% in the second quarter. Barclays PLC now owns 76,951 shares of the company’s stock valued at $1,128,000 after buying an additional 44,581 shares during the period. Finally, Harvest Fund Advisors LLC raised its position in shares of USA Compression Partners by 2.4% in the first quarter. Harvest Fund Advisors LLC now owns 1,738,401 shares of the company’s stock valued at $20,426,000 after buying an additional 40,988 shares during the period.
USA Compression Partners Company Profile
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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