Raymond James Increases USA Compression Partners (NYSE:USAC) Price Target to $30.00

USA Compression Partners (NYSE:USAC) had its price target lifted by investment analysts at Raymond James from $28.00 to $30.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an “outperform” rating on the oil and gas company’s stock. Raymond James’ target price suggests a potential upside of 20.07% from the company’s previous close.

USAC has been the subject of a number of other reports. Mizuho upped their price objective on USA Compression Partners from $22.00 to $23.00 and gave the stock an “underperform” rating in a research note on Wednesday, February 14th. StockNews.com lowered shares of USA Compression Partners from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $24.75.

USA Compression Partners Trading Down 0.1 %

NYSE USAC opened at $24.99 on Tuesday. USA Compression Partners has a 12 month low of $18.48 and a 12 month high of $28.47. The company’s 50-day moving average price is $25.93 and its 200-day moving average price is $25.20. The stock has a market cap of $2.57 billion, a PE ratio of 118.98 and a beta of 1.30.

USA Compression Partners (NYSE:USAC) last announced its quarterly earnings data on Tuesday, February 13th. The oil and gas company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.02). The firm had revenue of $225.05 million during the quarter, compared to the consensus estimate of $221.50 million. USA Compression Partners had a negative return on equity of 31.81% and a net margin of 8.07%. During the same period last year, the company earned ($0.04) EPS. As a group, sell-side analysts forecast that USA Compression Partners will post 0.57 earnings per share for the current year.

Insider Buying and Selling at USA Compression Partners

In other USA Compression Partners news, major shareholder Veteran Equity Aggregator Eig sold 1,681,689 shares of the company’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $25.10, for a total value of $42,210,393.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, major shareholder Veteran Equity Aggregator Eig sold 1,681,689 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $25.10, for a total value of $42,210,393.90. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Eric D. Long sold 9,329 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $24.50, for a total transaction of $228,560.50. Following the completion of the sale, the insider now owns 356,071 shares of the company’s stock, valued at $8,723,739.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,755,566 shares of company stock valued at $194,685,337.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in USAC. Barclays PLC boosted its stake in USA Compression Partners by 3,008.6% during the third quarter. Barclays PLC now owns 72,618 shares of the oil and gas company’s stock worth $1,733,000 after buying an additional 70,282 shares during the period. J.P. Morgan Private Wealth Advisors LLC increased its holdings in USA Compression Partners by 6.7% in the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 224,114 shares of the oil and gas company’s stock valued at $5,347,000 after purchasing an additional 14,000 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in USA Compression Partners by 1.9% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 463,298 shares of the oil and gas company’s stock valued at $10,577,000 after purchasing an additional 8,659 shares during the period. AE Wealth Management LLC lifted its stake in USA Compression Partners by 23.6% during the third quarter. AE Wealth Management LLC now owns 42,132 shares of the oil and gas company’s stock worth $1,005,000 after purchasing an additional 8,047 shares in the last quarter. Finally, Global Retirement Partners LLC purchased a new position in shares of USA Compression Partners during the fourth quarter worth $258,000. 47.77% of the stock is currently owned by hedge funds and other institutional investors.

About USA Compression Partners

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.