USA Compression Partners (NYSE:USAC) Share Price Passes Above 200 Day Moving Average – Here’s Why

USA Compression Partners LP (NYSE:USAC) 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.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Citigroup assumed coverage on USA Compression Partners in a research note on Friday, September 27th. They set a “neutral” rating and a $23.00 target price on the stock. Mizuho decreased their price objective on USA Compression Partners from $25.00 to $24.00 and set a “neutral” rating for the company in a report on Wednesday, October 2nd. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $27.00 price objective on shares of USA Compression Partners in a report on Friday, November 22nd. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, USA Compression Partners currently has a consensus rating of “Hold” and an average price target of $26.00.

USA Compression Partners Trading Up 0.1 %

The firm has a fifty day moving average of $23.37 and a two-hundred day moving average of $22.90. The company has a market cap of $2.95 billion, a PE ratio of 44.19 and a beta of 1.34.

USA Compression Partners (NYSE:USAC) last posted its earnings results on Tuesday, November 5th. The oil and gas company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.07). The company had revenue of $239.97 million for the quarter, compared to analysts’ expectations of $238.37 million. USA Compression Partners had a net margin of 9.36% and a negative return on equity of 47.53%. During the same period in the previous year, the firm earned $0.09 EPS. Sell-side analysts expect that USA Compression Partners LP will post 0.8 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC grew its holdings in USA Compression Partners by 9.2% during 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 grew its holdings in USA Compression Partners by 14.9% during the 3rd quarter. Infrastructure Capital Advisors LLC now owns 196,206 shares of the oil and gas company’s stock valued at $4,497,000 after buying an additional 25,439 shares in the last quarter. Stifel Financial Corp purchased a new position in USA Compression Partners during the 3rd quarter valued at about $210,000. Rockefeller Capital Management L.P. grew its holdings 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 in the last quarter. Finally, Exchange Traded Concepts LLC grew its holdings in shares of USA Compression Partners by 12.8% during the third quarter. Exchange Traded Concepts LLC now owns 93,523 shares of the oil and gas company’s stock worth $2,144,000 after purchasing an additional 10,592 shares in the last quarter. Hedge funds and other institutional investors own 47.77% of the company’s stock.

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.