USD Partners LP (USDP) Upgraded to “Hold” at Zacks Investment Research
According to Zacks, “USD Partners LP acquires, develops and operates energy-related rail terminals and other and complementary midstream infrastructure assets and businesses. Its assets consist primarily of an origination crude-by-rail terminal in Hardisty, Alberta, Canada and two destination unit train-capable ethanol rail terminals in San Antonio, Texas, and West Colton, California. The Company also provides railcar services. USD Partners LP is headquartered in Houston, Texas. “
A number of other equities analysts have also recently issued reports on USDP. FBR & Co assumed coverage on shares of USD Partners in a research report on Friday, September 9th. They issued an outperform rating and a $18.00 price objective on the stock. Citigroup Inc. lifted their target price 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, DA Davidson initiated coverage on shares of USD Partners in a research note on Thursday, October 6th. They set a buy rating and a $15.00 target price on the stock. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of Buy and an average target price of $13.64.
USD Partners (NYSE:USDP) traded down 1.39% during midday trading on Wednesday, reaching $13.50. 10,098 shares of the company’s stock traded hands. USD Partners has a 52-week low of $4.72 and a 52-week high of $13.69. The firm has a market cap of $312.55 million, a PE ratio of 15.38 and a beta of 1.13. The firm’s 50-day moving average is $12.29 and its 200 day moving average is $10.65.
Several hedge funds and other institutional investors have recently modified their holdings of USDP. Creative Planning purchased a new position in shares of USD Partners during the second quarter valued at about $105,000. Financial Counselors Inc. purchased a new position in shares of USD Partners during the second quarter valued at about $142,000. GSA Capital Partners LLP increased its position in shares of USD Partners by 91.8% in the second quarter. GSA Capital Partners LLP now owns 26,083 shares of the company’s stock valued at $251,000 after buying an additional 12,483 shares in the last quarter. Finally, Evergreen Capital Management LLC increased its position in shares of USD Partners by 0.4% in the second quarter. Evergreen Capital Management LLC now owns 763,885 shares of the company’s stock valued at $7,364,000 after buying an additional 3,250 shares in the last quarter.
USD Partners Company Profile
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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