Usa Compression Partners LP (USAC) was Reiterated by RBC Capital Mkts to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 15 from a previous price target of $11 . RBC Capital Mkts advised their investors in a research report released on May 6, 2016.
On the company’s financial health, Usa Compression Partners LP reported $0.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.15. The company had revenue of $66.40 million for the quarter, compared to analysts expectations of $67.46 million. The company’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS.
Usa Compression Partners LP opened for trading at $13.58 and hit $14.54 on the upside on Friday, eventually ending the session at $14.33, with a gain of 5.21% or 0.71 points. The heightened volatility saw the trading volume jump to 2,39,354 shares. Company has a market cap of $754 M.
In a different news, on Feb 18, 2016, William G Manias (officer ) purchased 10,000 shares at $8.19 per share price. According to the SEC, on Dec 10, 2015, Eric D Long (director officer ) purchased 22,000 shares at $12.09 per share price.
USA Compression Partners LP is a provider of compression services in the United States in terms of total compression fleet horsepower. The Companys general partner USA Compression GP LLC manages its operations and activities. It provides services to its customers primarily in connection with infrastructure applications including processing and transportation of natural gas through the domestic pipeline system and crude oil production through artificial lift processes. As part of its services the Company engineer design operate service and repair its fleet of compression units and maintain related support inventory and equipment. The Company has approximately 1549020 horsepower in its fleet. It provides compression services in a number of shale plays throughout the United States including the Utica Marcellus Permian Basin Eagle Ford Mississippi Lime Granite Wash Woodford Barnett Haynesville and Fayetteville shales.