JPMorgan Chase & Co. Forecasts Strong Price Appreciation for USA Compression Partners (NYSE:USAC) Stock

USA Compression Partners (NYSE:USAC) had its price target hoisted by equities researchers at JPMorgan Chase & Co. from $23.00 to $24.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an “underweight” rating on the oil and gas company’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential downside of 5.26% from the company’s previous close.

A number of other research firms have also recently commented on USAC. Mizuho boosted their price target on USA Compression Partners from $24.00 to $26.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Royal Bank of Canada reissued a “sector perform” rating and issued a $27.00 target price on shares of USA Compression Partners in a report on Friday, November 22nd. Finally, Citigroup upped their target price on shares of USA Compression Partners from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, USA Compression Partners currently has a consensus rating of “Hold” and an average target price of $26.80.

USA Compression Partners Price Performance

Shares of NYSE USAC opened at $25.33 on Tuesday. USA Compression Partners has a 1 year low of $21.06 and a 1 year high of $30.10. The firm has a fifty day moving average price of $26.31 and a 200-day moving average price of $24.00. The stock has a market cap of $2.98 billion, a PE ratio of 34.70 and a beta of 1.31.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Invesco Ltd. lifted its position in USA Compression Partners by 0.9% during the fourth quarter. Invesco Ltd. now owns 12,274,451 shares of the oil and gas company’s stock valued at $289,186,000 after purchasing an additional 107,058 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of USA Compression Partners during the 4th quarter valued at about $13,905,000. Objectivity Squared LLC lifted its holdings in shares of USA Compression Partners by 2.4% in the 4th quarter. Objectivity Squared LLC now owns 211,813 shares of the oil and gas company’s stock valued at $5,048,000 after acquiring an additional 4,970 shares during the last quarter. Rockefeller Capital Management L.P. grew its position in USA Compression Partners by 0.4% in the third quarter. Rockefeller Capital Management L.P. now owns 211,521 shares of the oil and gas company’s stock worth $4,848,000 after acquiring an additional 833 shares in the last quarter. Finally, Infrastructure Capital Advisors LLC grew its position in USA Compression Partners by 14.9% in the third quarter. Infrastructure Capital Advisors LLC now owns 196,206 shares of the oil and gas company’s stock worth $4,497,000 after acquiring an additional 25,439 shares in the last quarter. 47.77% of the stock is 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.