Better Times Ahead For USA Compression Partners LP (NYSE: USAC)?

USA Compression Partners LP (USAC) concluded trading on Thursday at a closing price of $24.50, with 5.17 million shares of worth about $126.77 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 20.45% during that period and on Thursday the price saw a gain of about 0.37%. Currently the company’s common shares owned by public are about 98.23M shares, out of which, 50.71M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 10 times over the past 12 months. They bought 8,413,281 shares in 1 of the transactions. In 9 selling transactions, insiders dumped 6,941,737 shares.

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However, the stock later moved at a day high price of 24.50, or with a gain of 0.37%. Stock saw a price change of -4.33% in past 5 days and over the past one month there was a price change of -0.37%. Year-to-date (YTD), USAC shares are showing a performance of 7.31% which increased to 15.02% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $18.48 but also hit the highest price of $26.93 during that period. The average intraday trading volume for USA Compression Partners LP shares is 647.45K. The stock is currently trading -2.60% below its 20-day simple moving average (SMA20), while that difference is up 0.22% for SMA50 and it goes to 9.37% higher than SMA200.

USA Compression Partners LP (NYSE: USAC) currently have 98.23M outstanding shares and institutions hold larger chunk of about 33.15% of that.

The stock has a current market capitalization of $2.41B and its 3Y-monthly beta is at 1.21. PE ratio of stock for trailing 12 months is 163.77, while it has posted earnings per share of $0.15 in the same period. It has Quick Ratio of 0.66 while making debt-to-equity ratio of 10.11. 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 2.23% while standing at 3.27% over the month.

Analysts are in expectations that USA Compression Partners LP (USAC) stock would likely to be making an EPS of $0.1 in the current quarter, while forecast for next quarter EPS is $0.1 and it is $0.55 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.07 which is $0.12 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 -$0.04 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 253.89% while it is estimated to increase by 93.49% in next year. EPS is likely to shrink at an annualized rate of -1.00% for next 5-years, compared to annual growth of 46.50% made by the stock over the past 5-years.

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 September 29, 2023 offering an Underperform rating for the stock and assigned a target price of $22 to it.

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