USA Compression Partners (NYSE:USAC) Stock Passes Above 200-Day Moving Average - Should You Sell?

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.

Wall Street Analyst Weigh In

Several research analysts have issued reports on USAC shares. Citigroup increased their price objective on USA Compression Partners from $24.00 to $27.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. increased their price objective on USA Compression Partners from $23.00 to $24.00 and gave the stock an "underweight" rating in a research report on Tuesday, March 11th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $26.00.

USA Compression Partners Trading Up 0.9%

The firm has a 50-day moving average of $24.66 and a 200 day moving average of $25.14. The stock has a market capitalization of $3.05 billion, a price-to-earnings ratio of 35.52 and a beta of 0.40.

USA Compression Partners (NYSE:USAC - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.04). USA Compression Partners had a negative return on equity of 62.46% and a net margin of 10.48%. The business had revenue of $245.23 million for the quarter, compared to analysts' expectations of $244.79 million. As a group, research analysts forecast that USA Compression Partners LP will post 1.05 EPS for the current year.

USA Compression Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Monday, April 28th were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 8.10%. 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. USA Compression Partners's payout ratio is 308.82%.

Insiders Place Their Bets

In other news, Director Bradford D. Whitehurst acquired 10,000 shares of the business's stock in a transaction dated Thursday, May 8th. The stock was acquired at an average price of $23.50 per share, for a total transaction of $235,000.00. Following the completion of the acquisition, the director now directly owns 23,616 shares in the company, valued at $554,976. This represents a 73.44% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link.

Institutional Investors Weigh In On USA Compression Partners

A number of institutional investors and hedge funds have recently modified their holdings of USAC. Northwestern Mutual Wealth Management Co. acquired a new position in USA Compression Partners in the 1st quarter worth about $32,000. Brown Brothers Harriman & Co. acquired a new position in USA Compression Partners in the 4th quarter worth about $95,000. Perkins Coie Trust Co increased its position in USA Compression Partners by 40.0% in the 1st quarter. Perkins Coie Trust Co now owns 7,000 shares of the oil and gas company's stock worth $189,000 after purchasing an additional 2,000 shares during the last quarter. Broadway Wealth Solutions Inc. acquired a new position in USA Compression Partners in the 4th quarter worth about $201,000. Finally, IFG Advisory LLC acquired a new position in USA Compression Partners in the 1st quarter worth about $202,000. 47.77% of the stock is owned by institutional investors and hedge funds.

USA Compression Partners Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.