USA Compression Partners (NYSE:USAC) Shares Cross Below Two Hundred Day Moving Average - Should You Sell?

Shares of USA Compression Partners, LP (NYSE:USAC - Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-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 trading hands.

Analyst Upgrades and Downgrades

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

USA Compression Partners Trading Up 0.1%

The stock has a market cap of $2.84 billion, a P/E ratio of 35.57 and a beta of 0.38. The business has a 50-day simple moving average of $24.89 and a 200 day simple moving average of $25.49.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by ($0.04). USA Compression Partners had a net margin of 9.99% and a negative return on equity of 81.01%. The company had revenue of $245.23 million for the quarter, compared to analyst estimates of $244.79 million. As a group, equities analysts expect that USA Compression Partners, LP will post 1.05 earnings per share for the current year.

USA Compression Partners Announces Dividend

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

Insider Buying and Selling

In related news, Director Bradford D. Whitehurst purchased 10,000 shares of the business's stock in a transaction on Thursday, May 8th. The stock was acquired at an average price of $23.50 per share, with a total value of $235,000.00. Following the purchase, the director directly owned 23,616 shares in the company, valued at approximately $554,976. This represents a 73.44% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Institutional Investors Weigh In On USA Compression Partners

A number of hedge funds and other institutional investors have recently modified their holdings of USAC. Alps Advisors Inc. raised its position in USA Compression Partners by 18.5% during the 1st quarter. Alps Advisors Inc. now owns 15,990,511 shares of the oil and gas company's stock valued at $431,424,000 after purchasing an additional 2,490,895 shares during the last quarter. Invesco Ltd. increased its position in USA Compression Partners by 0.7% during the 1st quarter. Invesco Ltd. now owns 12,360,573 shares of the oil and gas company's stock valued at $333,488,000 after purchasing an additional 86,122 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in 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 purchasing an additional 1,141,556 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of USA Compression Partners by 82.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,863,377 shares of the oil and gas company's stock worth $77,254,000 after purchasing an additional 1,296,339 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of USA Compression Partners during the 4th quarter valued at about $13,905,000. Institutional investors own 47.77% of the company's stock.

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.