USA Compression Partners (USAC) Given a $18.00 Price Target at Wells Fargo & Co

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Wells Fargo & Co set a $18.00 price target on USA Compression Partners (NYSE:USAC) in a research report released on Friday morning. The brokerage currently has a hold rating on the oil and gas company’s stock.

A number of other brokerages also recently commented on USAC. ValuEngine raised shares of USA Compression Partners from a hold rating to a buy rating in a research report on Wednesday, August 8th. Zacks Investment Research downgraded shares of USA Compression Partners from a buy rating to a hold rating in a research report on Tuesday, September 18th. Mitsubishi UFJ Financial Group assumed coverage on shares of USA Compression Partners in a research report on Wednesday, September 5th. They issued an overweight rating and a $22.00 price objective on the stock. B. Riley reissued a buy rating and issued a $21.00 price objective on shares of USA Compression Partners in a research report on Friday, August 31st. Finally, Royal Bank of Canada raised shares of USA Compression Partners from a sector perform rating to an outperform rating and set a $21.00 price objective on the stock in a research report on Wednesday. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. USA Compression Partners presently has an average rating of Buy and a consensus target price of $20.57.

Shares of NYSE:USAC traded down $0.14 during trading hours on Friday, reaching $14.53. The stock had a trading volume of 239,425 shares, compared to its average volume of 309,842. USA Compression Partners has a 1 year low of $14.01 and a 1 year high of $19.33. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.32 and a quick ratio of 0.86.

USA Compression Partners (NYSE:USAC) last announced its quarterly earnings data on Tuesday, November 6th. The oil and gas company reported ($0.10) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.06). USA Compression Partners had a negative net margin of 1.67% and a positive return on equity of 1.31%. The firm had revenue of $168.90 million during the quarter, compared to analysts’ expectations of $170.93 million. During the same period in the prior year, the company posted $0.07 earnings per share. The company’s revenue for the quarter was up 132.0% on a year-over-year basis. As a group, research analysts forecast that USA Compression Partners will post -0.34 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, November 9th. Investors of record on Monday, October 29th were given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 14.45%. This is an increase from USA Compression Partners’s previous quarterly dividend of $0.51. The ex-dividend date was Friday, October 26th. USA Compression Partners’s dividend payout ratio (DPR) is 1,312.50%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC grew its position in shares of USA Compression Partners by 88.6% in the 2nd quarter. Renaissance Technologies LLC now owns 323,300 shares of the oil and gas company’s stock valued at $5,441,000 after buying an additional 151,900 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in USA Compression Partners during the 2nd quarter worth $1,086,000. Raymond James Financial Services Advisors Inc. boosted its stake in USA Compression Partners by 32.2% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 230,008 shares of the oil and gas company’s stock worth $3,871,000 after purchasing an additional 56,025 shares during the period. Jane Street Group LLC acquired a new stake in USA Compression Partners during the 2nd quarter worth $285,000. Finally, Partnervest Advisory Services LLC boosted its stake in USA Compression Partners by 55.2% during the 3rd quarter. Partnervest Advisory Services LLC now owns 21,449 shares of the oil and gas company’s stock worth $354,000 after purchasing an additional 7,626 shares during the period. 42.53% of the stock is currently owned by hedge funds and other institutional investors.

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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Analyst Recommendations for USA Compression Partners (NYSE:USAC)

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