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

USA Compression Partners LP (NYSE:USAC) shares passed 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.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on USAC shares. Mizuho cut their target price on USA Compression Partners from $25.00 to $24.00 and set a “neutral” rating on the stock in a report on Wednesday, October 2nd. Citigroup started coverage on USA Compression Partners in a report on Friday, September 27th. They issued a “neutral” rating and a $23.00 target price on the stock. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $27.00 target price on shares of USA Compression Partners in a report on Friday, November 22nd. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, USA Compression Partners currently has an average rating of “Hold” and an average target price of $26.00.

USA Compression Partners Stock Performance

The firm has a 50 day simple moving average of $23.37 and a two-hundred day simple moving average of $22.90. The firm has a market capitalization of $2.95 billion, a P/E ratio of 44.19 and a beta of 1.34.

USA Compression Partners (NYSE:USAC) last issued its quarterly earnings data on Tuesday, November 5th. The oil and gas company reported $0.13 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $238.37 million. During the same quarter last year, the business posted $0.09 earnings per share. Sell-side analysts anticipate that USA Compression Partners LP will post 0.8 earnings per share for the current year.

Hedge Funds Weigh In On USA Compression Partners

Several large investors have recently bought and sold shares of USAC. Sunbelt Securities Inc. raised its stake in shares of USA Compression Partners by 12.2% during the 2nd quarter. Sunbelt Securities Inc. now owns 4,445 shares of the oil and gas company’s stock worth $105,000 after purchasing an additional 485 shares during the period. Seelaus Asset Management LLC raised its stake in shares of USA Compression Partners by 4.6% during the 3rd quarter. Seelaus Asset Management LLC now owns 11,278 shares of the oil and gas company’s stock worth $258,000 after purchasing an additional 500 shares during the period. Sanctuary Advisors LLC raised its stake in shares of 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 worth $215,000 after purchasing an additional 766 shares during the period. Rockefeller Capital Management L.P. raised its stake in shares of USA Compression Partners by 0.4% during the 3rd 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, World Investment Advisors LLC raised its stake in shares of USA Compression Partners by 9.0% during the 3rd quarter. World Investment Advisors LLC now owns 11,720 shares of the oil and gas company’s stock worth $269,000 after purchasing an additional 970 shares during the period. 47.77% of the stock is currently owned by institutional investors.

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.