USA Compression Partners LP (NYSE:USAC) traded with an addition of $2.48 to $25.08 on Thursday, an upside of 10.95 percent. An average of 372,962 shares of common stock have been traded in the last five days. There was a gain of $2.98 in the past week, and it reached a new high 27 times over the past 12 months. The last 20 days have seen an average of 204,350 shares traded, while the 50-day average volume stands at 154,144.
USAC stock has increased by 19.58% in the last month. The company shares reached their 1-month lowest point of $20.73 on 08/29/23. With the stock rallying to its 52-week high on 09/28/23, shares of the company touched a low of $16.34 and a high of $23.00 in 52 weeks. It has reached a new high 18 times so far this year and achieved 28.39% or $5.62 in price. In spite of this, the price is up 9.02% from the 52-week high.
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Insider Transactions
USAC stock investors should be aware that USA Compression Partners LP (USAC) stock had its last reported insider trading activity 289 days ago on Dec 13. In this transaction, the insider spent $60,883. LONG ERIC D, disposed of 23,039 shares at a price of $19.26 on Dec 12. The insider now owns more than $443,731 worth of shares. Prior to that, Porter Christopher W went on to sell 10,000 shares at $19.32 each on Dec 12. An amount of $193,200 was transacted.
Valuation Metrics
USA Compression Partners LP (USAC) has a trailing price-to-earnings (P/E) ratio of 688.87, which compares with the N/A for the broader industry. The stock’s beta is 1.37. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.18, and the price-to-cash flow ratio at 38.08.
Financial Health
The quick ratio of USA Compression Partners LP for the three months ended June 29 was 0.59, and the current ratio was 1.13, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 8.28 and a total debt to equity ratio of 8.28 for the quarter ending June 29. USA Compression Partners LP’s EBITDA margin for the year ending June 29 is 58.05%, while its operating margin for the same period stands at 26.80%. Its gross profit as reported stood at $169.29 million compared to revenue of $704.6 million.
Earnings Surprise
For the three-month period that ended June 29, USA Compression Partners LP had $2.21 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $11.4 million in the quarter, while revenues of -$1.25 million were grew 127.19%. The analyst consensus anticipated USA Compression Partners LP’s latest quarter earnings to come in at $0.05 per share, but it turned out to be $0.11, a 120.00% surprise. For the quarter, EBITDA amounted to $113.28 million. Shareholders own equity worth $98.28 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at USA Compression Partners LP (USAC) price momentum. RSI 9-day as of the close on 27 September was 82.50%, suggesting the stock is Overbought, with historical volatility in this time frame at 57.08%.
As of today, USAC’s price is $22.93 +13.44% or $2.98 from its 5-day moving average. USAC is currently trading +16.33% higher than its 20-day SMA and +25.62% higher than its 100-day SMA. However, the stock’s current price level is +22.98% above the SMA50 and +34.20% above the SMA200.
The stochastic %K and %D were 58.56% and 54.87%, respectively, and the average true range (ATR) was 0.92. With the 14-day stochastic at 72.35% and the average true range at 0.76, the RSI (14) stands at 78.87%. The stock has reached 0.66 on the 9-day MACD Oscillator while the 14-day reading was at 0.75.
Analyst Ratings
Mizuho launched coverage on USA Compression Partners LP (NYSE: USAC) in its analyst report released on July 27, 2022. The firm assigned the stock a Neutral rating. The consensus rating for USA Compression Partners LP (USAC) among analysts is Underweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell USAC, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.
What is USAC’s price target for the next 12 months?
Analysts predict a range of price targets between $20.00 and $22.00, with a median target of $22.00. Taking a look at these predictions, the average price target given by analysts for USA Compression Partners LP (USAC) stock is $21.50.
