USA Compression Partners, LP (NYSE:USAC - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $25.23 and traded as high as $25.52. USA Compression Partners shares last traded at $24.94, with a volume of 1,648,109 shares trading hands.
Wall Street Analysts Forecast Growth
USAC has been the subject of a number of recent research reports. Citigroup raised their price target on USA Compression Partners from $24.00 to $27.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $25.00 target price (up from $24.00) on shares of USA Compression Partners in a research note on Monday. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat, USA Compression Partners has a consensus rating of "Hold" and an average price target of $26.25.
Read Our Latest Analysis on USAC
USA Compression Partners Stock Performance
The company has a market cap of $2.90 billion, a P/E ratio of 36.24 and a beta of 0.40. The firm has a 50 day moving average price of $24.93 and a 200-day moving average price of $25.28.
USA Compression Partners (NYSE:USAC - Get Free Report) last announced its earnings results on Tuesday, May 6th. The oil and gas company reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by ($0.04). USA Compression Partners had a negative return on equity of 81.01% and a net margin of 9.99%. The company had revenue of $245.23 million for the quarter, compared to the consensus estimate of $244.79 million. On average, sell-side analysts forecast that USA Compression Partners, LP will post 1.05 EPS for the current fiscal year.
USA Compression Partners Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Monday, April 28th were paid a $0.525 dividend. The ex-dividend date of this dividend was Monday, April 28th. This is a positive change from USA Compression Partners's previous quarterly dividend of $0.51. This represents a $2.10 dividend on an annualized basis and a yield of 8.52%. USA Compression Partners's dividend payout ratio (DPR) is presently 308.82%.
Insiders Place Their Bets
In other USA Compression Partners news, Director Bradford D. Whitehurst acquired 10,000 shares of USA Compression Partners stock in a transaction dated Thursday, May 8th. The stock was bought at an average cost of $23.50 per share, with a total value of $235,000.00. Following the completion of the transaction, the director now owns 23,616 shares of the company's stock, valued at $554,976. The trade was a 73.44% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Institutional Trading of USA Compression Partners
A number of hedge funds have recently bought and sold shares of USAC. Hodges Capital Management Inc. raised its position in shares of USA Compression Partners by 1.9% during the first quarter. Hodges Capital Management Inc. now owns 26,621 shares of the oil and gas company's stock valued at $718,000 after buying an additional 500 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in USA Compression Partners by 82.7% during the first quarter. Goldman Sachs Group Inc. now owns 2,863,377 shares of the oil and gas company's stock valued at $77,254,000 after acquiring an additional 1,296,339 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of USA Compression Partners by 32.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,651,264 shares of the oil and gas company's stock worth $125,491,000 after acquiring an additional 1,141,556 shares during the period. Energy Income Partners LLC grew its holdings in shares of USA Compression Partners by 1.6% during the 1st quarter. Energy Income Partners LLC now owns 381,787 shares of the oil and gas company's stock worth $10,301,000 after purchasing an additional 5,959 shares in the last quarter. Finally, Jump Financial LLC bought a new stake in shares of USA Compression Partners during the first quarter valued at approximately $699,000. 47.77% of the stock is owned by institutional investors.
About USA Compression Partners
(
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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.
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