Energy Income Partners LLC has recently announced that it has increased stake in USA Compression Partners LP (NYSE:USAC) by 21.21%. After grabbing 0.44 million shares, the institutional investor is now in possession of 77156.0 shares of the Energy Company. The new investment brought the stake of investor firm to 0.45% having worth around $8.1 million. Moreover, Raymond James Financial Services increased its share by 440.0 to have a control over 0.38 million shares. And First Republic Investment Managem raised its holdings to 320.0 shares by acquiring 0.26 million shares or 0.26% of the stake.
USA Compression Partners LP (USAC) concluded trading on 01/12/23 at a closing price of $20.86, with 0.49 million shares of worth about $10.21 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 20.79% during that period and on Thursday the price saw a gain of about 1.02%. Currently the company’s common shares owned by public are about 97.97M shares, out of which, 50.22M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 4 analysts are covering the USAC stock and their offered price forecasts bring an average price target of $18.25. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $19.00 and could fall to a lowest price of $17.00. The stock’s current price level is -14.3% below of average price target set by the analysts, while a dip to estimated low would result in loss of -22.71% for the stock. However, touching the estimated high of $19.00 would mean a loss of -9.79% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 11 times over the past 12 months. They bought 4,206,641 shares in 1 of the transactions. In 10 selling transactions, insiders dumped 3,885,471 shares.
Invesco SteelPath MLP Income Fund, Invesco SteelPath MLP Select 40 F, and Global X SuperDividend US ETF are the top 3 mutual funds which are holding stakes in USA Compression Partners LP Invesco SteelPath MLP Income Fund is currently holding 12.63 million shares of worth totaling $231.95 million. The company recently came buying 0.6 million shares which brought its stake up to 12.89% of the company’s outstanding shares. Invesco SteelPath MLP Select 40 F sold -0.86 million shares, after which its hold over company’s outstanding shares shrunk to 4.01%, leaving 3.93 million shares with the mutual fund that have a worth of about $72.11 million. Global X SuperDividend US ETF, after buying 0.89 million shares, have now control over 0.91% of the stake in the company. It holds 0.0 shares of worth $16.35 million.
USA Compression Partners LP (NYSE: USAC) started trading at $20.67, above $0.02 from concluding price of the previous day. However, the stock later moved at a day high price of 21.24, or with a gain of 1.02%. Stock saw a price change of 8.42% in past 5 days and over the past one month there was a price change of 7.03%. Year-to-date (YTD), USAC shares are showing a performance of 6.81% which increased to 19.68% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $14.90 but also hit the highest price of $20.65 during that period. The average intraday trading volume for USA Compression Partners LP shares is 182.59K. The stock is currently trading 7.40% above its 20-day simple moving average (SMA20), while that difference is up 11.06% for SMA50 and it goes to 15.43% higher than SMA200.
Energy Income Partners LLC acquired 0.44 million shares of USA Compression Partners LP having value of about $8.1 million. Data submitted at the U.S SEC by Energy Income Partners LLC revealed that the firm now holds 77156.0 shares in the company valued at close to $1609474.16, or have control over 21.21% stake in the company. USA Compression Partners LP (NYSE: USAC) currently have 97.97M outstanding shares and institutions hold larger chunk of about 23.10% of that. Holding of mutual funds in the company is about 3.37% while other institutional holders and individual stake holders have control over 63.79% and 19.61% of the stake respectively.
The stock has a current market capitalization of $2.02B and its 3Y-monthly beta is at 1.45. It has posted earnings per share of -$0.24 in the same period. It has Quick Ratio of 0.60. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for USAC, volatility over the week remained 2.73% while standing at 3.17% over the month.
Analysts are in expectations that USA Compression Partners LP (USAC) stock would likely to be making an EPS of $0.02 in the current quarter, while forecast for next quarter EPS is $0.03 and it is $0.16 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.02 which is $0.02 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.08 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 94.00% while it is estimated to increase by 266.70% in next year. EPS is likely to grow at an annualized rate of -1.00% for next 5-years, compared to annual growth of -31.20% made by the stock over the past 5-years.
Analysts at 4 brokerage firms have issued recommendations for the USA Compression Partners LP (USAC)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.20. Out of those 4 Wall Street analysts, 0 recommended a “Buy” rating, while 3 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Mizuho on July 27, 2022 offering a Neutral rating for the stock and assigned a target price of $18 to it. Coverage by JP Morgan stated USA Compression Partners LP (USAC) stock as an Underweight in their note to investors on March 14, 2022, suggesting a price target of $17 for the stock. On February 17, 2021, RBC Capital Mkts Downgrade their recommendations, while on June 05, 2020, UBS Upgrade their ratings for the stock with a price target of $17. Stock get a Neutral rating from JP Morgan on April 24, 2020.
