USA Compression Partners (NYSE:USAC) Stock Price Passes Above Two Hundred Day Moving Average - What's Next?

USA Compression Partners LP (NYSE:USAC - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $22.90 and traded as high as $25.75. USA Compression Partners shares last traded at $25.19, with a volume of 286,680 shares traded.

Analyst Upgrades and Downgrades

USAC has been the subject of several research reports. Mizuho lowered their price objective on shares of USA Compression Partners from $25.00 to $24.00 and set a "neutral" rating for the company in a research report on Wednesday, October 2nd. Royal Bank of Canada reissued a "sector perform" rating and issued a $27.00 price target on shares of USA Compression Partners in a report on Friday, November 22nd. Finally, Citigroup started coverage on USA Compression Partners in a report on Friday, September 27th. They set a "neutral" rating and a $23.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $26.00.

USA Compression Partners Stock Performance

The business's 50-day simple moving average is $23.41 and its 200-day simple moving average is $22.92. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of 44.70 and a beta of 1.34.

USA Compression Partners (NYSE:USAC - Get Free Report) last released its quarterly earnings data on Tuesday, November 5th. The oil and gas company reported $0.13 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.07). USA Compression Partners had a net margin of 9.36% and a negative return on equity of 47.53%. The company had revenue of $239.97 million during the quarter, compared to the consensus estimate of $238.37 million. During the same quarter in the prior year, the company posted $0.09 EPS. On average, analysts forecast that USA Compression Partners LP will post 0.8 earnings per share for the current year.

USA Compression Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Monday, January 27th will be issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 8.24%. USA Compression Partners's dividend payout ratio is currently 368.43%.

Institutional Investors Weigh In On USA Compression Partners

Hedge funds have recently bought and sold shares of the company. Sanctuary Advisors LLC increased its position in shares of USA Compression Partners by 9.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 9,052 shares of the oil and gas company's stock valued at $215,000 after buying an additional 766 shares in the last quarter. Infrastructure Capital Advisors LLC increased its holdings in shares of USA Compression Partners by 14.9% in the third quarter. Infrastructure Capital Advisors LLC now owns 196,206 shares of the oil and gas company's stock worth $4,497,000 after acquiring an additional 25,439 shares in the last quarter. Stifel Financial Corp bought a new stake in shares of USA Compression Partners in the third quarter worth about $210,000. Rockefeller Capital Management L.P. raised its position in shares of USA Compression Partners by 0.4% during the third quarter. Rockefeller Capital Management L.P. now owns 211,521 shares of the oil and gas company's stock worth $4,848,000 after purchasing an additional 833 shares during the period. Finally, Exchange Traded Concepts LLC lifted its holdings in shares of USA Compression Partners by 12.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 93,523 shares of the oil and gas company's stock valued at $2,144,000 after purchasing an additional 10,592 shares in the last quarter. 47.77% of the stock is currently owned by institutional investors and hedge funds.

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.