USA Compression Partners (NYSE:USAC) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Shares of USA Compression Partners, LP (NYSE:USAC) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $23.87 and traded as high as $25.56. USA Compression Partners shares last traded at $25.20, with a volume of 270,971 shares changing hands.

Analyst Ratings Changes

Several research firms have recently weighed in on USAC. Wall Street Zen lowered USA Compression Partners from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Zacks Research downgraded USA Compression Partners from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Citigroup reissued a “neutral” rating on shares of USA Compression Partners in a research note on Tuesday, December 2nd. Finally, Mizuho raised their price objective on shares of USA Compression Partners from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Monday, January 12th. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $25.67.

USA Compression Partners Price Performance

The firm has a fifty day simple moving average of $24.18 and a 200-day simple moving average of $23.87. The firm has a market cap of $3.09 billion, a P/E ratio of 31.50 and a beta of 0.23.

USA Compression Partners (NYSE:USAC) last issued its earnings results on Wednesday, November 5th. The oil and gas company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.04. USA Compression Partners had a negative return on equity of 76.84% and a net margin of 10.99%.The company had revenue of $250.26 million for the quarter, compared to analyst estimates of $250.23 million. On average, equities analysts predict 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, February 6th. Shareholders of record on Monday, January 26th will be paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date of this dividend is Monday, January 26th. USA Compression Partners’s dividend payout ratio (DPR) is 262.50%.

Institutional Investors Weigh In On USA Compression Partners

Several hedge funds and other institutional investors have recently made changes to their positions in USAC. JPMorgan Chase & Co. raised its holdings in shares of USA Compression Partners by 274.5% in the second quarter. JPMorgan Chase & Co. now owns 5,351,079 shares of the oil and gas company’s stock valued at $130,085,000 after purchasing an additional 3,922,383 shares during the last quarter. Alps Advisors Inc. grew its position in USA Compression Partners by 9.6% in the 3rd quarter. Alps Advisors Inc. now owns 17,105,738 shares of the oil and gas company’s stock worth $410,538,000 after purchasing an additional 1,500,640 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in 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 valued at $77,254,000 after buying an additional 1,296,339 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of USA Compression Partners by 14.1% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,305,265 shares of the oil and gas company’s stock worth $128,971,000 after buying an additional 654,001 shares in the last quarter. Finally, Corient Private Wealth LLC lifted its position in shares of USA Compression Partners by 131.7% during the 2nd quarter. Corient Private Wealth LLC now owns 412,900 shares of the oil and gas company’s stock worth $10,038,000 after buying an additional 234,730 shares in the last quarter. 47.77% of the stock is owned by institutional investors.

About USA Compression Partners

USA Compression Partners (NYSE: USAC) is a Houston-based master limited partnership specializing in natural gas compression services for oil and gas producers. The company offers a full suite of midstream compression solutions designed to enhance production flow and optimize field operations. Its core activities include the design, engineering, fabrication, installation, operation and maintenance of natural gas compression equipment onshore across key U.S. basins.

USA Compression’s product and service offerings encompass new equipment deployment, aftermarket parts and component sales, field service support, and instrumentation and control systems.