USA Compression Partners (NYSE:USAC) Stock Price Breaks Below Two Hundred Day Moving Average – Here’s What Happened

USA Compression Partners, LP (NYSE:USAC) shares passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $26.76 and traded as low as $25.05. USA Compression Partners shares last traded at $25.05, with a volume of 214,468 shares traded.

Analysts Set New Price Targets

USAC has been the subject of a number of analyst reports. Royal Bank Of Canada boosted their price target on USA Compression Partners from $30.00 to $31.00 and gave the company a “sector perform” rating in a research note on Tuesday, September 1st. Wall Street Zen downgraded shares of USA Compression Partners from a “buy” rating to a “hold” rating in a research note on Saturday, September 26th. Finally, Zacks Research raised shares of USA Compression Partners from a “strong sell” rating to a “hold” rating in a report on Monday, August 31st. One equities research analyst has rated the stock with a Strong Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, USA Compression Partners has a consensus rating of “Hold” and a consensus price target of $29.50.

USA Compression Partners Trading Up 0.1%

The firm has a market capitalization of $3.63 billion, a price-to-earnings ratio of 23.63 and a beta of 0.28. The company has a debt-to-equity ratio of 10.25, a current ratio of 1.35 and a quick ratio of 0.68. The firm’s 50-day simple moving average is $26.16 and its 200 day simple moving average is $26.76.

USA Compression Partners (NYSE:USAC) last issued its quarterly earnings results on Tuesday, August 4th. The oil and gas company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.03. USA Compression Partners had a return on equity of 179.77% and a net margin of 12.43%. The company had revenue of $342.15 million for the quarter, compared to analyst estimates of $340.49 million. Equities analysts expect that USA Compression Partners, LP will post 1.16 earnings per share for the current year.

USA Compression Partners Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 6th. Shareholders of record on Monday, October 26th will be paid a dividend of $0.5250 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 8.4%. The ex-dividend date of this dividend is Monday, October 26th. USA Compression Partners’s payout ratio is presently 198.11%.

Insider Activity

In other news, Director Bradford Whitehurst purchased 6,000 shares of the company’s stock in a transaction dated Friday, August 21st. The stock was bought at an average cost of $26.10 per share, for a total transaction of $156,600.00. Following the purchase, the director owned 43,616 shares of the company’s stock, valued at approximately $1,138,377.60. The trade was a 15.95% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Institutional Investors Weigh In On USA Compression Partners

Hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada increased its holdings in USA Compression Partners by 38.5% in the first quarter. Royal Bank of Canada now owns 176,124 shares of the oil and gas company’s stock valued at $4,776,000 after purchasing an additional 48,978 shares during the period. TSA Wealth Managment LLC acquired a new position in shares of USA Compression Partners during the 1st quarter valued at $236,000. One Charles Private Wealth Services LLC acquired a new position in shares of USA Compression Partners during the first quarter valued at about $212,000. Sanctuary Advisors LLC raised its stake in USA Compression Partners by 28.9% during the 1st quarter. Sanctuary Advisors LLC now owns 73,991 shares of the oil and gas company’s stock worth $2,007,000 after buying an additional 16,583 shares during the period. Finally, D.A. Davidson & CO. boosted its holdings in USA Compression Partners by 1.6% in the first quarter. D.A. Davidson & CO. now owns 28,790 shares of the oil and gas company’s stock worth $781,000 after acquiring an additional 447 shares in the last quarter. Institutional investors own 47.77% of the company’s stock.

About USA Compression Partners

USA Compression Partners LP (NYSE: USAC) is a master limited partnership that provides natural gas compression services in the United States. The company owns and operates a fleet of natural gas compression equipment and supplies compression to producers, processors, gatherers and pipeline operators under primarily fee-based contracts.

Its services support several stages of the natural gas value chain, including the gathering and processing of natural gas, transportation through interstate and intrastate pipelines, and natural gas storage.