USD Partners LP (USDP) PT Lowered to $17.00 at FBR & Co
USDP has been the topic of a number of other reports. DA Davidson began coverage on USD Partners in a report on Thursday, October 6th. They set a buy rating and a $15.00 price target on the stock. Janney Montgomery Scott cut USD Partners from a buy rating to a neutral rating in a report on Monday, October 17th. They noted that the move was a valuation call. Zacks Investment Research cut USD Partners from a hold rating to a sell rating in a report on Thursday, August 11th. Finally, Citigroup Inc. raised their price target on USD Partners from $10.50 to $11.50 and gave the company a neutral rating in a report on Monday, August 8th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $14.42.
USD Partners (NYSE:USDP) opened at 12.75 on Monday. The company has a market cap of $295.19 million, a price-to-earnings ratio of 14.52 and a beta of 1.13. The firm’s 50-day moving average price is $12.92 and its 200-day moving average price is $11.31. USD Partners has a 52-week low of $4.72 and a 52-week high of $14.60.
The business also recently declared a quarterly dividend, which will be paid on Monday, November 14th. Investors of record on Monday, November 7th will be given a $0.3225 dividend. The ex-dividend date is Thursday, November 3rd. This represents a $1.29 annualized dividend and a yield of 10.12%. This is a positive change from USD Partners’s previous quarterly dividend of $0.32.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Evergreen Capital Management LLC raised its position in 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. GSA Capital Partners LLP raised 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 during the period. Creative Planning raised its position in shares of USD Partners by 45.9% in the third quarter. Creative Planning now owns 15,878 shares of the company’s stock valued at $197,000 after buying an additional 4,995 shares during the period. Finally, Financial Counselors Inc. acquired a new position in shares of USD Partners during the second quarter valued at about $142,000.
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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