USA Compression Partners, LP (NYSE:USAC – Get Free Report) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $26.82 and traded as low as $26.59. USA Compression Partners shares last traded at $26.76, with a volume of 233,425 shares changing hands.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on USAC shares. Mizuho boosted their price objective on shares of USA Compression Partners from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Friday, June 12th. Citigroup increased their price target on USA Compression Partners from $26.00 to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 13th. Zacks Research cut USA Compression Partners from a “hold” rating to a “strong sell” rating in a report on Monday, July 6th. Finally, Royal Bank Of Canada lifted their price objective on USA Compression Partners from $29.00 to $30.00 and gave the company a “sector perform” rating in a research report on Friday, June 5th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, USA Compression Partners has an average rating of “Hold” and a consensus target price of $29.25.
View Our Latest Stock Report on USA Compression Partners
USA Compression Partners Stock Performance
USA Compression Partners (NYSE:USAC – Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The oil and gas company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.08). The firm had revenue of $331.27 million during the quarter, compared to analysts’ expectations of $308.35 million. USA Compression Partners had a negative return on equity of 807.33% and a net margin of 11.91%. Equities analysts predict that USA Compression Partners, LP will post 1.02 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. D.A. Davidson & CO. raised its holdings in shares of USA Compression Partners by 1.6% during the first quarter. D.A. Davidson & CO. now owns 28,790 shares of the oil and gas company’s stock worth $781,000 after purchasing an additional 447 shares during the period. Royal Bank of Canada boosted its holdings in shares of USA Compression Partners by 0.4% in the 4th quarter. Royal Bank of Canada now owns 127,146 shares of the oil and gas company’s stock valued at $2,924,000 after buying an additional 521 shares during the period. Kestra Advisory Services LLC grew its position in shares of USA Compression Partners by 1.2% during the 1st quarter. Kestra Advisory Services LLC now owns 46,340 shares of the oil and gas company’s stock valued at $1,257,000 after buying an additional 540 shares during the last quarter. Cetera Investment Advisers lifted its holdings in USA Compression Partners by 2.4% in the first quarter. Cetera Investment Advisers now owns 28,636 shares of the oil and gas company’s stock worth $777,000 after acquiring an additional 674 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in USA Compression Partners by 5.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 13,482 shares of the oil and gas company’s stock valued at $310,000 after acquiring an additional 724 shares during the period. 47.77% of the stock is owned by institutional investors and hedge funds.
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.
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