USA Compression Partners (NYSE:USAC) Share Price Passes Above 200 Day Moving Average – Here’s Why

Shares of USA Compression Partners LP (NYSE:USAC) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $23.52 and traded as high as $28.63. USA Compression Partners shares last traded at $28.59, with a volume of 241,838 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on USAC shares. Mizuho raised their price objective on USA Compression Partners from $24.00 to $26.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $27.00 price objective on shares of USA Compression Partners in a research report on Friday, November 22nd. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $26.50.

USA Compression Partners Stock Down 0.0 %

The business has a 50 day simple moving average of $25.20 and a 200 day simple moving average of $23.52. The company has a market capitalization of $3.36 billion, a PE ratio of 39.16 and a beta of 1.34.

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

USA Compression Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Monday, January 27th were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 7.35%. The ex-dividend date was Monday, January 27th. USA Compression Partners’s dividend payout ratio (DPR) is presently 287.67%.

Institutional Investors Weigh In On USA Compression Partners

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Allworth Financial LP raised its stake in USA Compression Partners by 3,054.8% in the third quarter. Allworth Financial LP now owns 1,325 shares of the oil and gas company’s stock valued at $30,000 after buying an additional 1,283 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new position in shares of USA Compression Partners in the fourth quarter worth about $95,000. Sunbelt Securities Inc. raised its stake in shares of USA Compression Partners by 16.4% in the third quarter. Sunbelt Securities Inc. now owns 5,175 shares of the oil and gas company’s stock worth $119,000 after purchasing an additional 730 shares during the last quarter. Broadway Wealth Solutions Inc. purchased a new position in shares of USA Compression Partners in the fourth quarter worth about $201,000. Finally, TSA Wealth Managment LLC purchased a new position in shares of USA Compression Partners in the fourth quarter worth about $205,000. 47.77% of the stock is currently 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.