USD Partners LP (NYSE:USDP) Receives $14.10 Average Target Price from Analysts
USD Partners LP (NYSE:USDP) has earned an average rating of “Hold” from the seven analysts that are presently covering the firm. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $14.25.
USDP has been the topic of a number of research analyst reports. DA Davidson initiated coverage on shares of USD Partners in a research note on Thursday. They set a “buy” rating and a $15.00 price objective on the stock. Zacks Investment Research upgraded shares of USD Partners from a “strong sell” rating to a “hold” rating in a research note on Saturday, July 9th. Citigroup Inc. increased their price objective on shares of USD Partners from $10.50 to $11.50 and gave the company a “neutral” rating in a research note on Monday, August 8th. Finally, FBR & Co initiated coverage on shares of USD Partners in a research note on Friday, September 9th. They set an “outperform” rating and a $18.00 price objective on the stock.
Hedge funds have recently modified their holdings of the company. Financial Counselors Inc. purchased a new stake in USD Partners during the second quarter worth $142,000. GSA Capital Partners LLP boosted its stake in USD Partners by 91.8% in the second quarter. GSA Capital Partners LLP now owns 26,083 shares of the company’s stock worth $251,000 after buying an additional 12,483 shares during the period. Creative Planning purchased a new stake in USD Partners during the second quarter worth $105,000. Finally, Evergreen Capital Management LLC boosted its stake in USD Partners by 0.4% in the second quarter. Evergreen Capital Management LLC now owns 763,885 shares of the company’s stock worth $7,364,000 after buying an additional 3,250 shares during the period.
Shares of USD Partners (NYSE:USDP) opened at 13.22 on Friday. The stock has a market cap of $306.07 million, a P/E ratio of 15.06 and a beta of 1.13. USD Partners has a 12-month low of $4.72 and a 12-month high of $13.35. The company’s 50-day moving average is $12.14 and its 200-day moving average is $10.54.
About USD Partners
USD Partners LP (USD Partners) is a fee-based, master limited partnership formed by US Development Group LLC (USD) to acquire, develop and operate energy-related logistics assets, including rail terminals and other midstream infrastructure. The Company conducts its business through two segments: Terminalling services and Fleet services.
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