USA Compression Partners (NYSE:USAC) Stock Crosses Below 200-Day Moving Average of $24.93

Shares of USA Compression Partners LP (NYSE:USAC) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-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 traded.

Analyst Ratings Changes

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

USA Compression Partners Stock Down 0.6 %

The business has a fifty day simple moving average of $24.27 and a two-hundred day simple moving average of $24.93. The company has a market capitalization of $2.46 billion, a price-to-earnings ratio of 58.37 and a beta of 1.32.

USA Compression Partners (NYSE:USAC) last posted its quarterly earnings data on Tuesday, May 7th. The oil and gas company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. USA Compression Partners had a negative return on equity of 31.50% and a net margin of 9.21%. The company had revenue of $229.28 million for the quarter, compared to analyst estimates of $226.43 million. As a group, equities analysts predict that USA Compression Partners LP will post 0.77 earnings per share for the current fiscal year.

USA Compression Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 3rd. Investors of record on Monday, April 22nd were given a $0.525 dividend. The ex-dividend date of this dividend was Friday, April 19th. This represents a $2.10 dividend on an annualized basis and a yield of 8.78%. USA Compression Partners’s payout ratio is 512.20%.

Insider Transactions at USA Compression Partners

In related news, Director Bradford D. Whitehurst purchased 10,000 shares of USA Compression Partners stock in a transaction dated Friday, May 10th. The shares were acquired at an average cost of $24.66 per share, for a total transaction of $246,600.00. Following the transaction, 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 Securities & Exchange Commission, which is available at this link. In other news, Director Bradford D. Whitehurst bought 10,000 shares of the business’s stock in a transaction on Friday, May 10th. The shares were bought at an average cost of $24.66 per share, for a total transaction of $246,600.00. Following the completion of the acquisition, the director now owns 13,616 shares in the company, valued at approximately $335,770.56. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Veteran Equity Aggregator Eig sold 5,889,297 shares of USA Compression Partners stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $25.12, for a total transaction of $147,939,140.64. Following the transaction, the insider now directly owns 5,882,528 shares in the company, valued at $147,769,103.36. The disclosure for this sale can be found here. Insiders sold a total of 8,904,114 shares of company stock worth $217,621,712 in the last quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of USAC. SVB Wealth LLC bought a new stake in shares of USA Compression Partners in the first quarter valued at about $297,000. Energy Income Partners LLC raised its position in USA Compression Partners by 7.8% in the 1st quarter. Energy Income Partners LLC now owns 478,431 shares of the oil and gas company’s stock valued at $12,760,000 after buying an additional 34,817 shares during the last quarter. TSA Wealth Managment LLC bought a new stake in USA Compression Partners in the 1st quarter valued at approximately $232,000. Susquehanna Fundamental Investments LLC acquired a new position in USA Compression Partners during the 1st quarter worth approximately $1,107,000. Finally, Jennison Associates LLC bought a new position in shares of USA Compression Partners during the 1st quarter worth approximately $4,775,000. Institutional investors own 47.77% of the company’s stock.

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.