USA Compression Partners LP (NYSE:USAC - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $25.14 and traded as high as $26.17. USA Compression Partners shares last traded at $25.93, with a volume of 146,660 shares changing hands.
Analysts Set New Price Targets
A number of equities analysts recently commented on the company. JPMorgan Chase & Co. lifted their price target on USA Compression Partners from $23.00 to $24.00 and gave the stock an "underweight" rating in a report on Tuesday, March 11th. Citigroup lifted their target price 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. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat, USA Compression Partners presently has an average rating of "Hold" and a consensus target price of $26.00.
Read Our Latest Research Report on USAC
USA Compression Partners Trading Down 1.2%
The firm has a market cap of $2.98 billion, a price-to-earnings ratio of 34.74 and a beta of 0.40. The stock's 50 day moving average is $24.62 and its 200 day moving average is $25.17.
USA Compression Partners (NYSE:USAC - Get Free Report) last issued its quarterly earnings data 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). The firm had revenue of $245.23 million for the quarter, compared to the consensus estimate of $244.79 million. USA Compression Partners had a negative return on equity of 62.46% and a net margin of 10.48%. On average, equities research analysts predict that USA Compression Partners LP will post 1.05 EPS for the current year.
USA Compression Partners Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Monday, April 28th were issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 8.28%. This is a positive change from USA Compression Partners's previous quarterly dividend of $0.51. The ex-dividend date was Monday, April 28th. USA Compression Partners's dividend payout ratio is currently 308.82%.
Insiders Place Their Bets
In other USA Compression Partners news, Director Bradford D. Whitehurst bought 10,000 shares of the stock in a transaction dated Thursday, May 8th. The shares were bought at an average cost of $23.50 per share, with a total value of $235,000.00. Following the completion of the acquisition, the director now owns 23,616 shares of the company's stock, valued at $554,976. This trade represents a 73.44% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.
Institutional Investors Weigh In On USA Compression Partners
Institutional investors have recently made changes to their positions in the stock. Strategic Financial Concepts LLC acquired a new position in USA Compression Partners in the 4th quarter valued at $333,000. Raymond James Financial Inc. bought a new position in shares of USA Compression Partners in the fourth quarter worth $13,905,000. Truist Financial Corp acquired a new position in USA Compression Partners in the fourth quarter valued at about $2,428,000. Bravias Capital Group LLC bought a new stake in USA Compression Partners during the fourth quarter worth about $230,000. Finally, Mallini Complete Financial Planning LLC bought a new stake in USA Compression Partners during the fourth quarter worth about $2,176,000. 47.77% of the stock is currently 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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