StockNews.com Initiates Coverage on USD Partners (NYSE:USDP)

StockNews.com started coverage on shares of USD Partners (NYSE:USDP) in a research note issued to investors on Saturday. The firm issued a hold rating on the transportation company’s stock.

USD Partners Stock Performance

Shares of USDP stock opened at $0.12 on Friday. USD Partners has a fifty-two week low of $0.05 and a fifty-two week high of $4.25. The firm has a market capitalization of $4.05 million, a price-to-earnings ratio of 0.22 and a beta of 1.26. The stock’s 50-day simple moving average is $0.18 and its 200-day simple moving average is $0.24.

USD Partners (NYSE:USDP) last issued its quarterly earnings results on Monday, March 11th. The transportation company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.13). The firm had revenue of $11.18 million during the quarter.

Institutional Investors Weigh In On USD Partners

A number of large investors have recently modified their holdings of the business. Susquehanna International Group LLP grew its stake in shares of USD Partners by 145.1% during the first quarter. Susquehanna International Group LLP now owns 24,868 shares of the transportation company’s stock worth $75,000 after acquiring an additional 14,724 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its position in USD Partners by 5.5% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 345,340 shares of the transportation company’s stock valued at $1,091,000 after buying an additional 17,929 shares during the last quarter. Evergreen Capital Management LLC boosted its position in USD Partners by 15.3% in the fourth quarter. Evergreen Capital Management LLC now owns 804,289 shares of the transportation company’s stock valued at $2,542,000 after buying an additional 106,627 shares during the last quarter. Bank of America Corp DE boosted its position in USD Partners by 6.9% in the first quarter. Bank of America Corp DE now owns 136,097 shares of the transportation company’s stock valued at $820,000 after buying an additional 8,749 shares during the last quarter. Finally, BNP Paribas Arbitrage SA purchased a new stake in USD Partners in the first quarter valued at approximately $147,000. Hedge funds and other institutional investors own 0.09% of the company’s stock.

USD Partners Company Profile

USD Partners LP acquires, develops, and operates midstream infrastructure assets and logistics solutions for crude oil, biofuels, and other energy-related products in the United States and Canada. It operates through two segments, Terminalling Services and Fleet Services. The Terminalling Services segment owns and operates Hardisty terminal, an origination terminal for loading various grades of Canadian crude oil onto railcars for transportation to end markets; Stroud terminal, a crude oil destination terminal, which is used to facilitate rail-to-pipeline shipments of crude oil located in Stroud, Oklahoma; Casper terminal, a crude oil storage, blending, and railcar loading terminal located in Casper, Wyoming; and West Colton Terminal, an unit train-capable destination terminals that trans load approximately 13,000 barrels per day ethanol and renewable diesel received by rail from producers onto trucks.