USA Compression Partners (NYSE:USAC) Price Target Raised to $27.00 at Citigroup

USA Compression Partners (NYSE:USAC) had its price objective increased by Citigroup from $24.00 to $27.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the oil and gas company’s stock. Citigroup’s target price indicates a potential downside of 1.65% from the stock’s previous close.

Several other research firms have also commented on USAC. Mizuho upped their target price on USA Compression Partners from $24.00 to $26.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $27.00 target price on shares of USA Compression Partners in a report on Friday, November 22nd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $27.50.

USA Compression Partners Stock Performance

Shares of NYSE USAC opened at $27.45 on Tuesday. The firm has a market cap of $3.23 billion, a price-to-earnings ratio of 37.61 and a beta of 1.34. USA Compression Partners has a 1 year low of $21.06 and a 1 year high of $30.10. The stock’s 50-day simple moving average is $25.72 and its 200-day simple moving average is $23.73.

USA Compression Partners (NYSE:USAC) last announced its quarterly earnings data on Tuesday, February 11th. The oil and gas company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.06). USA Compression Partners had a net margin of 10.48% and a negative return on equity of 62.46%. As a group, research analysts predict that USA Compression Partners will post 1.05 EPS for the current year.

Institutional Trading of USA Compression Partners

Several large investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers raised its stake in USA Compression Partners by 12.8% during the 4th quarter. Cetera Investment Advisers now owns 31,911 shares of the oil and gas company’s stock valued at $752,000 after purchasing an additional 3,621 shares during the period. Jane Street Group LLC increased its stake in shares of USA Compression Partners by 236.0% in the fourth quarter. Jane Street Group LLC now owns 130,270 shares of the oil and gas company’s stock worth $3,069,000 after acquiring an additional 91,499 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in shares of USA Compression Partners in the fourth quarter worth $919,000. Stifel Financial Corp increased its stake in shares of USA Compression Partners by 20.8% in the fourth quarter. Stifel Financial Corp now owns 11,080 shares of the oil and gas company’s stock worth $261,000 after acquiring an additional 1,905 shares during the last quarter. Finally, Tradition Wealth Management LLC acquired a new position in shares of USA Compression Partners in the fourth quarter worth $207,000. 47.77% of the stock is owned by institutional investors and hedge funds.

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.