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

USA Compression Partners (NYSE:USAC) had its target price lifted by equities research analysts at Mizuho from $28.00 to $29.00 in a report released on Friday,Benzinga reports. The firm presently has a “neutral” rating on the oil and gas company’s stock. Mizuho’s price objective would suggest a potential upside of 3.63% from the stock’s previous close.

A number of other research firms also recently weighed in on USAC. Royal Bank Of Canada increased their price objective on USA Compression Partners from $29.00 to $30.00 and gave the company a “sector perform” rating in a report on Friday, June 5th. Citigroup raised their price target on shares of USA Compression Partners from $26.00 to $28.00 and gave the company a “neutral” rating in a research report on Wednesday, May 13th. Stifel Nicolaus raised their price target on shares of USA Compression Partners from $27.00 to $30.00 and gave the company a “hold” rating in a research report on Wednesday, February 18th. Wall Street Zen cut shares of USA Compression Partners from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Finally, Texas Capital upgraded shares of USA Compression Partners from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 9th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $28.40.

USA Compression Partners Price Performance

Shares of NYSE USAC opened at $27.99 on Friday. The business’s 50 day moving average price is $27.95 and its two-hundred day moving average price is $26.47. The company has a market cap of $4.06 billion, a PE ratio of 28.85 and a beta of 0.21. The company has a quick ratio of 0.86, a current ratio of 1.55 and a debt-to-equity ratio of 9.41. USA Compression Partners has a twelve month low of $21.85 and a twelve month high of $30.55.

USA Compression Partners (NYSE:USAC) last issued its quarterly earnings results on Tuesday, May 5th. The oil and gas company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.08). The company had revenue of $331.28 million during the quarter, compared to the consensus estimate of $308.35 million. USA Compression Partners had a net margin of 11.91% and a negative return on equity of 807.33%. On average, analysts predict that USA Compression Partners will post 1.21 EPS for the current year.

Institutional Investors Weigh In On USA Compression Partners

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. raised its position in shares of USA Compression Partners by 82.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,863,377 shares of the oil and gas company’s stock valued at $77,254,000 after purchasing an additional 1,296,339 shares during the period. Raymond James Financial Inc. grew its position in USA Compression Partners by 1.5% in the 2nd quarter. Raymond James Financial Inc. now owns 548,743 shares of the oil and gas company’s stock valued at $13,340,000 after acquiring an additional 8,169 shares during the last quarter. HRT Financial LP purchased a new stake in USA Compression Partners in the 2nd quarter valued at about $1,555,000. Corient Private Wealth LLC raised its holdings in shares of USA Compression Partners by 131.7% in the 2nd quarter. Corient Private Wealth LLC now owns 412,900 shares of the oil and gas company’s stock valued at $10,038,000 after purchasing an additional 234,730 shares in the last quarter. Finally, State of Wyoming bought a new stake in shares of USA Compression Partners in the 3rd quarter valued at about $64,000. Hedge funds and other institutional investors own 47.77% of the company’s stock.

USA Compression Partners Company Profile

USA Compression Partners (NYSE: USAC) is a Houston-based master limited partnership specializing in natural gas compression services for oil and gas producers. The company offers a full suite of midstream compression solutions designed to enhance production flow and optimize field operations. Its core activities include the design, engineering, fabrication, installation, operation and maintenance of natural gas compression equipment onshore across key U.S. basins.

USA Compression’s product and service offerings encompass new equipment deployment, aftermarket parts and component sales, field service support, and instrumentation and control systems.