USA Compression Partners (NYSE:USAC) Shares Pass Below Two Hundred Day Moving Average of $24.93

USA Compression Partners LP (NYSE:USAC)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $24.93 and traded as low as $23.91. USA Compression Partners shares last traded at $23.93, with a volume of 261,362 shares.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on USAC. Raymond James increased their price objective on shares of USA Compression Partners from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Tuesday, April 16th. Royal Bank of Canada reissued a “sector perform” rating and set a $26.00 target price on shares of USA Compression Partners in a research note on Tuesday, June 11th. StockNews.com raised shares of USA Compression Partners from a “hold” rating to a “buy” rating in a research note on Thursday, May 16th. Finally, Mizuho raised shares of USA Compression Partners from an “underperform” rating to a “neutral” rating and raised their target price for the company from $23.00 to $26.00 in a research note on Thursday, May 30th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, USA Compression Partners presently has an average rating of “Hold” and a consensus price target of $26.50.

USA Compression Partners Stock Down 0.2 %

The firm’s 50-day moving average price is $24.22 and its two-hundred day moving average price is $24.92. The firm has a market capitalization of $2.45 billion, a PE ratio of 58.07 and a beta of 1.32.

USA Compression Partners (NYSE:USAC) last released its earnings results on Tuesday, May 7th. The oil and gas company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.04. USA Compression Partners had a net margin of 9.21% and a negative return on equity of 31.50%. The business had revenue of $229.28 million for the quarter, compared to the consensus estimate of $226.43 million. Equities research analysts forecast that USA Compression Partners LP will post 0.77 EPS for the current year.

USA Compression Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 3rd. Investors of record on Monday, April 22nd were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 8.82%. The ex-dividend date was Friday, April 19th. USA Compression Partners’s payout ratio is presently 512.20%.

Insider Activity at USA Compression Partners

In other USA Compression Partners news, Director Bradford D. Whitehurst bought 10,000 shares of USA Compression Partners stock in a transaction on Friday, May 10th. The stock was purchased at an average cost of $24.66 per share, for a total transaction of $246,600.00. Following the completion of the purchase, the director now directly owns 13,616 shares of the company’s stock, valued at $335,770.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other USA Compression Partners news, Director Bradford D. Whitehurst bought 10,000 shares of USA Compression Partners stock in a transaction on Friday, May 10th. The stock was purchased at an average cost of $24.66 per share, for a total transaction of $246,600.00. Following the completion of the purchase, the director now directly owns 13,616 shares of the company’s stock, valued at $335,770.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Veteran Equity Aggregator Eig sold 9,713 shares of USA Compression Partners stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $25.14, for a total transaction of $244,184.82. Following the completion of the sale, the insider now owns 5,827,680 shares of the company’s stock, valued at $146,507,875.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,904,114 shares of company stock valued at $217,621,712.

Institutional Trading of USA Compression Partners

Institutional investors and hedge funds have recently modified their holdings of the company. Creekmur Asset Management LLC acquired a new position in USA Compression Partners during the 4th quarter valued at $46,000. JNBA Financial Advisors bought a new stake in USA Compression Partners in the 4th quarter valued at $46,000. Tower Research Capital LLC TRC increased its holdings in USA Compression Partners by 914.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,196 shares of the oil and gas company’s stock valued at $73,000 after buying an additional 2,881 shares during the period. F&V Capital Management LLC bought a new stake in USA Compression Partners in the 1st quarter valued at $209,000. Finally, TSA Wealth Managment LLC bought a new stake in USA Compression Partners in the 1st quarter valued at $232,000. 47.77% of the stock is currently owned by institutional investors and hedge funds.

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.