USA Compression Partners (NYSE:USAC) Stock Crosses Below 200-Day Moving Average – Here’s Why

USA Compression Partners, LP (NYSE:USAC)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $26.59 and traded as low as $26.09. USA Compression Partners shares last traded at $26.36, with a volume of 67,376 shares changing hands.

Analysts Set New Price Targets

USAC has been the topic of a number of recent analyst reports. Royal Bank Of Canada boosted their target price on USA Compression Partners from $29.00 to $30.00 and gave the stock a “sector perform” rating in a report on Friday, June 5th. Citigroup lifted their price target on shares of USA Compression Partners from $26.00 to $28.00 and gave the company a “neutral” rating in a research report on Wednesday, May 13th. Mizuho upped their price objective on shares of USA Compression Partners from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Friday, June 12th. Texas Capital raised USA Compression Partners from a “hold” rating to a “strong-buy” rating in a report on Monday, March 9th. Finally, Zacks Research lowered shares of USA Compression Partners from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, USA Compression Partners has a consensus rating of “Hold” and a consensus target price of $29.25.

USA Compression Partners Stock Up 0.8%

The company has a market capitalization of $3.82 billion, a P/E ratio of 27.13 and a beta of 0.21. The company has a debt-to-equity ratio of 9.41, a current ratio of 1.55 and a quick ratio of 0.86. The stock has a 50-day moving average price of $27.56 and a 200-day moving average price of $26.62.

USA Compression Partners (NYSE:USAC) last posted its quarterly earnings data on Tuesday, May 5th. The oil and gas company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.08). The firm had revenue of $331.27 million during the quarter, compared to the consensus estimate of $308.35 million. USA Compression Partners had a net margin of 11.91% and a negative return on equity of 807.33%. On average, research analysts predict that USA Compression Partners, LP will post 1.06 EPS for the current fiscal year.

USA Compression Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Monday, April 27th were issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 8.0%. The ex-dividend date was Monday, April 27th. USA Compression Partners’s payout ratio is presently 216.49%.

Hedge Funds Weigh In On USA Compression Partners

Several institutional investors have recently added to or reduced their stakes in the business. Citigroup Inc. acquired a new position in shares of USA Compression Partners during the 3rd quarter valued at $2,553,000. Alps Advisors Inc. increased its stake in USA Compression Partners by 3.8% in the fourth quarter. Alps Advisors Inc. now owns 17,748,200 shares of the oil and gas company’s stock valued at $408,209,000 after purchasing an additional 642,462 shares in the last quarter. ING Groep NV increased its stake in USA Compression Partners by 45.5% in the fourth quarter. ING Groep NV now owns 312,600 shares of the oil and gas company’s stock valued at $7,190,000 after purchasing an additional 97,700 shares in the last quarter. Arista Wealth Management LLC bought a new stake in USA Compression Partners in the fourth quarter valued at $230,000. Finally, Objectivity Squared LLC raised its holdings in shares of USA Compression Partners by 2.2% during the fourth quarter. Objectivity Squared LLC now owns 230,402 shares of the oil and gas company’s stock valued at $5,299,000 after purchasing an additional 4,973 shares during the period. 47.77% of the stock is owned by institutional investors and hedge funds.

About USA Compression Partners

USA Compression Partners (NYSE: USAC) is a Houston-based master limited partnership specializing in natural gas compression services for oil and gas producers. The company offers a full suite of midstream compression solutions designed to enhance production flow and optimize field operations. Its core activities include the design, engineering, fabrication, installation, operation and maintenance of natural gas compression equipment onshore across key U.S. basins.

USA Compression’s product and service offerings encompass new equipment deployment, aftermarket parts and component sales, field service support, and instrumentation and control systems.