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

USA Compression Partners LP (NYSE:USAC)’s stock price passed 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.

Wall Street Analyst Weigh In

USAC has been the subject of several research analyst reports. Royal Bank of Canada restated a “sector perform” rating and issued a $27.00 price objective on shares of USA Compression Partners in a research note on Friday, November 22nd. Mizuho lifted their price target 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. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, USA Compression Partners has an average rating of “Hold” and a consensus target price of $26.50.

USA Compression Partners Stock Down 0.0 %

The firm has a 50-day moving average of $25.20 and a two-hundred day 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 announced its quarterly earnings results on Tuesday, February 11th. The oil and gas company reported $0.18 earnings per share for the quarter, missing the consensus estimate 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 predict that USA Compression Partners LP will post 1.05 EPS for the current fiscal year.

USA Compression Partners Announces Dividend

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

Institutional Trading of USA Compression Partners

Several institutional investors have recently bought and sold shares of the business. Seelaus Asset Management LLC grew its holdings in USA Compression Partners by 4.6% in the third quarter. Seelaus Asset Management LLC now owns 11,278 shares of the oil and gas company’s stock valued at $258,000 after purchasing an additional 500 shares during the period. Sunbelt Securities Inc. grew its holdings in 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 valued at $119,000 after purchasing an additional 730 shares during the period. Sanctuary Advisors LLC grew its holdings in USA Compression Partners by 9.2% in the third quarter. Sanctuary Advisors LLC now owns 9,052 shares of the oil and gas company’s stock valued at $215,000 after purchasing an additional 766 shares during the period. Rockefeller Capital Management L.P. grew its holdings in USA Compression Partners by 0.4% in the third quarter. Rockefeller Capital Management L.P. now owns 211,521 shares of the oil and gas company’s stock valued at $4,848,000 after purchasing an additional 833 shares during the period. Finally, World Investment Advisors LLC grew its holdings in USA Compression Partners by 9.0% in the third quarter. World Investment Advisors LLC now owns 11,720 shares of the oil and gas company’s stock valued at $269,000 after purchasing an additional 970 shares during the period. 47.77% of the stock is owned by institutional investors and hedge funds.

USA Compression Partners Company Profile

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.