USA Compression Partners (NYSE:USAC) Stock Price Passes Below 200 Day Moving Average of $24.13

Shares of USA Compression Partners LP (NYSE:USAC) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $24.13 and traded as low as $22.72. USA Compression Partners shares last traded at $23.12, with a volume of 113,077 shares.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on USAC shares. StockNews.com downgraded shares of USA Compression Partners from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th. Mizuho raised shares of USA Compression Partners from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $23.00 to $26.00 in a research note on Thursday, May 30th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $26.00 target price on shares of USA Compression Partners in a research note on Thursday, September 12th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $26.50.

USA Compression Partners Price Performance

The firm’s 50-day moving average is $22.50 and its 200-day moving average is $24.13. The company has a market capitalization of $2.38 billion, a P/E ratio of 56.39 and a beta of 1.32.

USA Compression Partners (NYSE:USAC) last announced its earnings results on Tuesday, August 6th. The oil and gas company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.04. USA Compression Partners had a net margin of 9.77% and a negative return on equity of 40.62%. The company had revenue of $235.31 million during the quarter, compared to analyst estimates of $232.86 million. As a group, analysts forecast that USA Compression Partners LP will post 0.82 EPS for the current fiscal year.

USA Compression Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 2nd. Stockholders of record on Monday, July 22nd were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 9.08%. The ex-dividend date of this dividend was Monday, July 22nd. USA Compression Partners’s dividend payout ratio (DPR) is presently 512.20%.

Insider Transactions at USA Compression Partners

In related news, insider Eric D. Long sold 1,786 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $22.81, for a total transaction of $40,738.66. Following the sale, the insider now owns 307,026 shares of the company’s stock, valued at $7,003,263.06. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other USA Compression Partners news, insider Eric D. Long sold 1,786 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $22.81, for a total transaction of $40,738.66. Following the transaction, the insider now owns 307,026 shares in the company, valued at $7,003,263.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Eric D. Long sold 21,396 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $22.27, for a total transaction of $476,488.92. Following the transaction, the insider now owns 1,786 shares in the company, valued at approximately $39,774.22. The disclosure for this sale can be found here.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Creekmur Asset Management LLC bought a new position in shares of USA Compression Partners in the fourth quarter worth about $46,000. Sunbelt Securities Inc. grew its holdings in USA Compression Partners by 12.2% during the 2nd quarter. Sunbelt Securities Inc. now owns 4,445 shares of the oil and gas company’s stock worth $105,000 after acquiring an additional 485 shares in the last quarter. F&V Capital Management LLC bought a new position in USA Compression Partners during the 1st quarter worth about $209,000. Sanctuary Advisors LLC bought a new position in USA Compression Partners during the 2nd quarter worth about $204,000. Finally, TSA Wealth Managment LLC bought a new position in USA Compression Partners during the 1st quarter worth about $232,000. 47.77% of the stock is currently owned by institutional investors.

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.