USA Compression Partners (NYSE:USAC) Share Price Crosses Above 200 Day Moving Average – What’s Next?

USA Compression Partners LP (NYSE:USAC) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $22.90 and traded as high as $25.75. USA Compression Partners shares last traded at $25.19, with a volume of 286,680 shares traded.

Analysts Set New Price Targets

A number of analysts have commented on USAC shares. Mizuho reduced their price objective on shares of USA Compression Partners from $25.00 to $24.00 and set a “neutral” rating for the company in a research note on Wednesday, October 2nd. Citigroup started coverage on shares of USA Compression Partners in a research report on Friday, September 27th. They issued a “neutral” rating and a $23.00 price target for the company. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $27.00 target price on shares of USA Compression Partners in a research note on Friday, November 22nd. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $26.00.

USA Compression Partners Trading Up 0.8 %

The business has a fifty day moving average price of $23.47 and a two-hundred day moving average price of $22.94. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 45.17 and a beta of 1.34.

USA Compression Partners (NYSE:USAC) last released its quarterly earnings data on Tuesday, November 5th. The oil and gas company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.07). USA Compression Partners had a net margin of 9.36% and a negative return on equity of 47.53%. The company had revenue of $239.97 million during the quarter, compared to analyst estimates of $238.37 million. During the same quarter in the prior year, the company posted $0.09 EPS. On average, analysts anticipate that USA Compression Partners LP will post 0.8 EPS for the current year.

USA Compression Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Monday, January 27th will be paid a $0.525 dividend. The ex-dividend date is Monday, January 27th. This represents a $2.10 dividend on an annualized basis and a yield of 8.16%. USA Compression Partners’s dividend payout ratio (DPR) is currently 368.43%.

Institutional Investors Weigh In On USA Compression Partners

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Allworth Financial LP increased its holdings 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 worth $30,000 after buying an additional 1,283 shares during the last quarter. Sunbelt Securities Inc. grew its position in USA Compression Partners by 12.2% in the second quarter. Sunbelt Securities Inc. now owns 4,445 shares of the oil and gas company’s stock worth $105,000 after acquiring an additional 485 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of USA Compression Partners during the 2nd quarter worth $204,000. Stifel Financial Corp acquired a new stake in shares of USA Compression Partners in the 3rd quarter valued at $210,000. Finally, Seelaus Asset Management LLC lifted its stake in shares of USA Compression Partners by 4.6% in the 3rd 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 last quarter. 47.77% of the stock is owned by hedge funds and other institutional investors.

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.