USA Compression Partners LP (USAC) Receives Average Recommendation of “Buy” from Brokerages

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Shares of USA Compression Partners LP (NYSE:USAC) have earned an average recommendation of “Buy” from the eight brokerages that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $20.17.

A number of research analysts recently weighed in on USAC shares. B. Riley set a $22.00 price objective on shares of USA Compression Partners and gave the company a “buy” rating in a research report on Wednesday, February 20th. Zacks Investment Research downgraded shares of USA Compression Partners from a “buy” rating to a “hold” rating in a research report on Friday, April 26th. Finally, Stifel Nicolaus initiated coverage on shares of USA Compression Partners in a research report on Thursday, April 4th. They issued a “buy” rating and a $18.00 price target on the stock.

USA Compression Partners stock traded up $0.03 during midday trading on Friday, reaching $17.83. 251,655 shares of the company traded hands, compared to its average volume of 283,577. The company has a market cap of $1.61 billion, a price-to-earnings ratio of -41.47 and a beta of 1.41. USA Compression Partners has a 12 month low of $12.09 and a 12 month high of $18.72. The company has a quick ratio of 0.99, a current ratio of 1.70 and a debt-to-equity ratio of 1.36.

USA Compression Partners (NYSE:USAC) last issued its quarterly earnings data on Tuesday, May 7th. The oil and gas company reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.01). The company had revenue of $170.70 million for the quarter, compared to the consensus estimate of $171.61 million. USA Compression Partners had a net margin of 2.86% and a return on equity of 1.38%. The firm’s revenue for the quarter was up 119.7% on a year-over-year basis. During the same quarter last year, the company earned ($0.23) EPS.

The firm also recently declared a quarterly dividend, which was paid on Friday, May 10th. Shareholders of record on Monday, April 29th were given a $0.525 dividend. The ex-dividend date was Friday, April 26th. This is an increase from USA Compression Partners’s previous quarterly dividend of $0.51. This represents a $2.10 annualized dividend and a yield of 11.78%. USA Compression Partners’s dividend payout ratio (DPR) is presently -488.37%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in USAC. Goldman Sachs Group Inc. raised its position in USA Compression Partners by 5.6% in the first quarter. Goldman Sachs Group Inc. now owns 4,696,884 shares of the oil and gas company’s stock worth $73,318,000 after acquiring an additional 250,838 shares during the period. Renaissance Technologies LLC bought a new position in USA Compression Partners in the first quarter worth approximately $1,464,000. Intrinsic Edge Capital Management LLC purchased a new stake in shares of USA Compression Partners in the fourth quarter worth $1,188,000. Zazove Associates LLC increased its stake in shares of USA Compression Partners by 114.9% in the fourth quarter. Zazove Associates LLC now owns 153,799 shares of the oil and gas company’s stock worth $1,996,000 after purchasing an additional 82,229 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of USA Compression Partners in the first quarter worth $1,203,000. Institutional investors and hedge funds own 35.33% 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.

Further Reading: Systematic Risk and Investors

Analyst Recommendations for USA Compression Partners (NYSE:USAC)

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