USA Compression Partners (NYSE:USAC) Share Price Crosses Above 200-Day Moving Average of $18.10

USA Compression Partners LP (NYSE:USACGet Rating)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $18.10 and traded as high as $20.00. USA Compression Partners shares last traded at $19.92, with a volume of 132,771 shares.

Analyst Ratings Changes

USAC has been the topic of several analyst reports. StockNews.com assumed coverage on USA Compression Partners in a research report on Wednesday, October 12th. They issued a “buy” rating on the stock. Mizuho raised their price objective on USA Compression Partners from $18.00 to $19.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 8th.

USA Compression Partners Price Performance

The firm has a 50 day moving average of $18.79 and a 200-day moving average of $18.10. The stock has a market capitalization of $1.95 billion, a P/E ratio of -83.00 and a beta of 1.55.

USA Compression Partners (NYSE:USACGet Rating) last announced its earnings results on Tuesday, November 1st. The oil and gas company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.05). USA Compression Partners had a return on equity of 152.80% and a net margin of 3.72%. The business had revenue of $179.61 million during the quarter. As a group, equities analysts expect that USA Compression Partners LP will post -0.09 earnings per share for the current year.

USA Compression Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 4th. Investors of record on Monday, October 24th were given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 10.54%. The ex-dividend date was Friday, October 21st. USA Compression Partners’s dividend payout ratio is currently -874.96%.

Insider Activity at USA Compression Partners

In related news, insider Eric D. Long sold 23,039 shares of the company’s stock in a transaction on Monday, December 12th. The shares were sold at an average price of $19.26, for a total value of $443,731.14. Following the completion of the transaction, the insider now directly owns 477,011 shares of the company’s stock, valued at approximately $9,187,231.86. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Eric D. Long sold 14,975 shares of USA Compression Partners stock in a transaction that occurred on Friday, December 9th. The shares were sold at an average price of $18.82, for a total value of $281,829.50. Following the transaction, the insider now directly owns 500,050 shares of the company’s stock, valued at $9,410,941. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Eric D. Long sold 23,039 shares of the firm’s stock in a transaction that occurred on Monday, December 12th. The shares were sold at an average price of $19.26, for a total transaction of $443,731.14. Following the completion of the sale, the insider now owns 477,011 shares in the company, valued at approximately $9,187,231.86. The disclosure for this sale can be found here. Insiders sold a total of 58,422 shares of company stock worth $1,102,031 in the last quarter.

Hedge Funds Weigh In On USA Compression Partners

Hedge funds have recently bought and sold shares of the company. MinichMacGregor Wealth Management LLC bought a new stake in shares of USA Compression Partners during the fourth quarter worth about $60,000. Glenmede Trust Co. NA boosted its holdings in USA Compression Partners by 12.6% during the third quarter. Glenmede Trust Co. NA now owns 24,500 shares of the oil and gas company’s stock worth $426,000 after purchasing an additional 2,732 shares during the last quarter. Tortoise Index Solutions LLC boosted its stake in USA Compression Partners by 4.6% in the third quarter. Tortoise Index Solutions LLC now owns 47,827 shares of the oil and gas company’s stock valued at $832,000 after acquiring an additional 2,115 shares during the last quarter. Energy Income Partners LLC boosted its stake in USA Compression Partners by 21.2% in the third quarter. Energy Income Partners LLC now owns 440,962 shares of the oil and gas company’s stock valued at $7,672,000 after acquiring an additional 77,156 shares during the last quarter. Finally, Blackstone Inc. purchased a new position in USA Compression Partners in the third quarter valued at about $583,000. Institutional investors own 23.02% of the company’s stock.

USA Compression Partners Company Profile

(Get Rating)

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.

Further Reading

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