UPDATE: RBC Capital Downgrades USA Compression Partners LP (USAC) to Sector Perform

(Updated - February 17, 2021 5:01 AM EST)

RBC Capital analyst TJ Schultz downgraded USA Compression Partners LP (NYSE: USAC) from Outperform to Sector Perform with a price target of $16.00.

The analyst comments "We expect 2021 cash flow to remain relatively stable y/y if utilization troughed last quarter as expected. This view meshes with strengthening gas prices and improving gas demand. We think this outlook is adequately reflected in current valuation (no change to price target), and we downgrade from Outperform to Sector Perform. We estimate tight dividend coverage this year and believe USAC could potentially address dividend policy as the easiest means to de-lever balance sheet."

For an analyst ratings summary and ratings history on USA Compression Partners LP click here. For more ratings news on USA Compression Partners LP click here.

Shares of USA Compression Partners LP closed at $15.03 yesterday.

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