USA Compression Partners (NYSE:USAC) Stock Price Passes Below Two Hundred Day Moving Average - Here's What Happened

USA Compression Partners, LP (NYSE:USAC - Get Free Report) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $25.47 and traded as low as $24.03. USA Compression Partners shares last traded at $24.19, with a volume of 123,242 shares traded.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reissued an "underweight" rating and issued a $25.00 target price (up from $24.00) on shares of USA Compression Partners in a research report on Monday, June 23rd.

USA Compression Partners Trading Up 0.9%

The stock has a 50 day simple moving average of $24.89 and a 200-day simple moving average of $25.50. The firm has a market cap of $2.84 billion, a P/E ratio of 35.58 and a beta of 0.38.

USA Compression Partners (NYSE:USAC - Get Free Report) last released its earnings results on Tuesday, May 6th. The oil and gas company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.04). The company had revenue of $245.23 million for the quarter, compared to the consensus estimate of $244.79 million. USA Compression Partners had a net margin of 9.99% and a negative return on equity of 81.01%. As a group, equities analysts forecast that USA Compression Partners, LP will post 1.05 earnings per share for the current fiscal year.

USA Compression Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Monday, July 28th will be issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 8.68%. The ex-dividend date of this dividend is Monday, July 28th. USA Compression Partners's payout ratio is currently 308.82%.

Insider Transactions at USA Compression Partners

In other USA Compression Partners news, Director Bradford D. Whitehurst acquired 10,000 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The stock was bought at an average price of $23.50 per share, for a total transaction of $235,000.00. Following the acquisition, the director directly owned 23,616 shares in the company, valued at $554,976. The trade was a 73.44% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Institutional Investors Weigh In On USA Compression Partners

Hedge funds have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. lifted its stake in shares of USA Compression Partners by 14.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 56,168 shares of the oil and gas company's stock worth $1,515,000 after purchasing an additional 7,293 shares during the last quarter. HighTower Advisors LLC increased its position in USA Compression Partners by 94.8% during the 4th quarter. HighTower Advisors LLC now owns 34,935 shares of the oil and gas company's stock valued at $823,000 after buying an additional 17,005 shares in the last quarter. SeaCrest Wealth Management LLC acquired a new position in USA Compression Partners during the 1st quarter valued at about $264,000. F&V Capital Management LLC acquired a new position in USA Compression Partners during the 1st quarter valued at about $301,000. Finally, Concurrent Investment Advisors LLC acquired a new position in USA Compression Partners during the 1st quarter valued at about $2,718,000. 47.77% of the stock is currently owned by hedge funds and other 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.