Today, USD Partners LP (USDP) Stock Rating Upgraded by Zacks Investment Research

Today, USD Partners LP (USDP) Stock Rating Upgraded by Zacks Investment Research

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.

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