Usa Compression Partners LP (USAC) was Downgraded by RBC Capital Mkts to ” Sector Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 20 from a previous price target of $17 . Earlier the firm had a rating of “Outperform ” on the company shares. RBC Capital Mkts advised their Clients and Investors in a research report released on Feb 14, 2017.
On the company’s financial health, Usa Compression Partners LP reported $0.05 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Feb 13, 2017. Analyst had a consensus of $0.06. The company had revenue of $74.90 million for the quarter, compared to analysts expectations of $62.35 million. The company’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-3.02 EPS.
Several company insiders have filed Insider transactions , 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 closed down -0.11 points or -0.59% at $18.41 with 1,62,821 shares getting traded on Friday. Post opening the session at $18.63, the shares hit an intraday low of $18.3 and an intraday high of $18.822 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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.