Analysts Set USD Partners LP (USDP) Price Target at $14.50
Shares of USD Partners LP (NYSE:USDP) have been given a consensus rating of “Hold” by the eight ratings firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $14.50.
Several equities analysts have issued reports on USDP shares. FBR & Co reaffirmed a “buy” rating on shares of USD Partners in a report on Thursday, May 4th. Zacks Investment Research raised USD Partners from a “strong sell” rating to a “hold” rating in a report on Thursday, May 11th. ValuEngine raised USD Partners from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. BidaskClub raised USD Partners from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 19th. Finally, TheStreet raised USD Partners from a “d” rating to a “c” rating in a report on Wednesday, May 17th.
In other USD Partners news, insider G Stacy Smith bought 13,500 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was acquired at an average price of $10.83 per share, for a total transaction of $146,205.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
A number of large investors have recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership purchased a new stake in shares of USD Partners during the second quarter worth approximately $165,000. Acadian Asset Management LLC purchased a new stake in shares of USD Partners during the first quarter worth approximately $281,000. Creative Planning increased its stake in shares of USD Partners by 97.4% in the first quarter. Creative Planning now owns 48,300 shares of the transportation company’s stock worth $594,000 after buying an additional 23,832 shares during the last quarter. EJF Capital LLC increased its stake in shares of USD Partners by 66.7% in the first quarter. EJF Capital LLC now owns 50,000 shares of the transportation company’s stock worth $615,000 after buying an additional 20,000 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of USD Partners by 12.2% in the fourth quarter. Renaissance Technologies LLC now owns 59,566 shares of the transportation company’s stock worth $941,000 after buying an additional 6,466 shares during the last quarter. Hedge funds and other institutional investors own 29.84% of the company’s stock.
Shares of USD Partners (NYSE:USDP) traded down 0.48% on Friday, reaching $10.45. The company had a trading volume of 122,537 shares. The firm’s 50 day moving average is $11.38 and its 200 day moving average is $12.80. The firm has a market capitalization of $244.21 million, a PE ratio of 8.17 and a beta of 1.03. USD Partners has a 12 month low of $9.85 and a 12 month high of $17.50.
The firm also recently announced a quarterly dividend, which was paid on Friday, August 11th. Stockholders of record on Monday, August 7th were paid a dividend of $0.34 per share. This is an increase from USD Partners’s previous quarterly dividend of $0.34. The ex-dividend date was Thursday, August 3rd. This represents a $1.36 annualized dividend and a dividend yield of 13.01%. USD Partners’s dividend payout ratio is 110.57%.
USD Partners Company Profile
USD Partners LP acquires, develops and operates energy-related logistics assets, including rail terminals and other midstream infrastructure. The Company’s segments include Terminalling services and Fleet services. The Terminalling services segment consists of various operations, including Hardisty terminal, Casper terminal and Ethanol terminals.
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