USA Compression Partners (NYSE:USAC) Stock Passes 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 Wednesday . The stock has a two hundred 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 trading hands.

Analysts Set New Price Targets

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

USA Compression Partners Stock Up 0.1 %

The stock has a market cap of $2.95 billion, a PE ratio of 44.19 and a beta of 1.34. The business has a 50 day moving average price of $23.37 and a 200 day moving average price of $22.90.

USA Compression Partners (NYSE:USAC) last issued its earnings results 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). The company had revenue of $239.97 million during the quarter, compared to analysts’ expectations of $238.37 million. USA Compression Partners had a negative return on equity of 47.53% and a net margin of 9.36%. During the same quarter in the previous year, the company earned $0.09 EPS. On average, research analysts predict that USA Compression Partners LP will post 0.8 earnings per share for the current fiscal year.

Hedge Funds Weigh In On USA Compression Partners

A number of hedge funds have recently bought and sold shares of the business. Spring Capital Management LLC purchased a new position in USA Compression Partners during the fourth quarter worth approximately $283,000. World Investment Advisors LLC boosted its position in USA Compression Partners by 9.0% during the third 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 in the last quarter. Sanctuary Advisors LLC boosted its position in USA Compression Partners by 9.2% during the third 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 in the last quarter. Sunbelt Securities Inc. boosted its position in USA Compression Partners by 16.4% during the third quarter. Sunbelt Securities Inc. now owns 5,175 shares of the oil and gas company’s stock worth $119,000 after purchasing an additional 730 shares in the last quarter. Finally, Hodges Capital Management Inc. boosted its position in USA Compression Partners by 9.0% during the third quarter. Hodges Capital Management Inc. now owns 24,306 shares of the oil and gas company’s stock worth $557,000 after purchasing an additional 2,000 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.