USA Compression Partners (NYSE:USAC) Shares Pass 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 changing hands.

Analysts Set New Price Targets

Several research firms recently weighed in on USAC. Mizuho decreased their target price 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. Royal Bank of Canada reissued a “sector perform” rating and issued a $27.00 price objective on shares of USA Compression Partners in a research report on Friday, November 22nd. Finally, Citigroup began coverage on shares of USA Compression Partners in a report on Friday, September 27th. They issued a “neutral” rating and a $23.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $26.00.

USA Compression Partners Stock Performance

The business has a fifty day moving average of $23.47 and a two-hundred day moving average of $22.94. The firm has a market capitalization 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 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.07). The company had revenue of $239.97 million during the quarter, compared to analyst estimates of $238.37 million. USA Compression Partners had a net margin of 9.36% and a negative return on equity of 47.53%. During the same quarter in the prior year, the firm earned $0.09 earnings per share. As a group, sell-side analysts predict that USA Compression Partners LP will post 0.8 EPS for the current fiscal year.

USA Compression Partners Announces Dividend

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

Institutional Investors Weigh In On USA Compression Partners

Institutional investors have recently made changes to their positions in the company. Rockefeller Capital Management L.P. increased its stake in shares of USA Compression Partners by 0.4% during the third quarter. Rockefeller Capital Management L.P. now owns 211,521 shares of the oil and gas company’s stock worth $4,848,000 after purchasing an additional 833 shares during the period. Objectivity Squared LLC increased its position in USA Compression Partners by 2.3% during the 3rd quarter. Objectivity Squared LLC now owns 206,843 shares of the oil and gas company’s stock worth $4,768,000 after buying an additional 4,644 shares during the period. Infrastructure Capital Advisors LLC lifted its holdings in shares of USA Compression Partners by 14.9% during the third quarter. Infrastructure Capital Advisors LLC now owns 196,206 shares of the oil and gas company’s stock worth $4,497,000 after buying an additional 25,439 shares in the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of USA Compression Partners by 12.8% during the third quarter. Exchange Traded Concepts LLC now owns 93,523 shares of the oil and gas company’s stock worth $2,144,000 after buying an additional 10,592 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its position in shares of USA Compression Partners by 2.7% in the third quarter. GSA Capital Partners LLP now owns 92,955 shares of the oil and gas company’s stock valued at $2,131,000 after acquiring an additional 2,425 shares during the period. Institutional investors own 47.77% of the company’s stock.

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.