Zacks Investment Research upgraded shares of USD Partners LP (NYSE:USDP) from a sell rating to a hold rating in a report published on Wednesday morning.
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. “
Other equities analysts have also issued research reports about the stock. DA Davidson assumed coverage on shares of USD Partners in a report on Thursday, October 6th. They set a buy rating and a $15.00 target price on the stock. FBR & Co assumed coverage on shares of USD Partners in a report on Friday, September 9th. They set an outperform rating and a $18.00 target price on the stock. Finally, Citigroup Inc. increased their target price on shares of USD Partners from $10.50 to $11.50 and gave the company a neutral rating in a report on Monday, August 8th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $14.70.
Shares of USD Partners (NYSE:USDP) opened at 14.60 on Wednesday. The firm has a 50-day moving average of $12.47 and a 200 day moving average of $10.79. The company has a market capitalization of $338.02 million, a P/E ratio of 16.63 and a beta of 1.13. USD Partners has a 1-year low of $4.72 and a 1-year high of $14.60.
A number of large investors have recently made changes to their positions in the stock. Evergreen Capital Management LLC boosted its stake 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 during the last quarter. Creative Planning boosted its stake 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 last quarter. GSA Capital Partners LLP boosted its stake 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 last quarter. Finally, Financial Counselors Inc. purchased a new stake in shares of USD Partners during the second quarter valued at $142,000.
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.