RBC Capital analyst Elvira Scotto maintained a Hold rating on USA Compression (USAC – Research Report) yesterday and set a price target of $26.00. The company’s shares closed yesterday at $24.80.
According to TipRanks, Scotto is a top 100 analyst with an average return of 18.0% and a 64.42% success rate. Scotto covers the Energy sector, focusing on stocks such as Archrock, Cheniere Energy, and Cheniere Energy Partners.
The word on The Street in general, suggests a Hold analyst consensus rating for USA Compression with a $25.00 average price target.
Based on USA Compression’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $225.05 million and a net profit of $12.84 million. In comparison, last year the company earned a revenue of $190.11 million and had a net profit of $8.37 million
Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of USAC in relation to earlier this year.
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USA Compression (USAC) Company Description:
USA Compression Partners LP engages in the provision of compression services in terms of total compression fleet horsepower. It offers services in connection with infrastructure applications, which includes processing and transportation of natural gas through the domestic pipeline system and enhancing crude oil production through artificial lift processes. The company was founded by Eric Dee Long on July 10, 1998 and is headquartered in Austin, TX.
