USD Partners (NYSE:USDP) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday. The firm presently has a $13.00 price objective on the transportation company’s stock. Zacks Investment Research‘s price target indicates a potential upside of 12.55% from the company’s previous close.
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. “
USDP has been the topic of several other reports. ValuEngine raised shares of USD Partners from a “buy” rating to a “strong-buy” rating in a research note on Monday, December 4th. BidaskClub lowered shares of USD Partners from a “buy” rating to a “hold” rating in a report on Friday, October 27th. TheStreet upgraded shares of USD Partners from a “c” rating to a “b-” rating in a report on Monday, October 9th. Finally, B. Riley set a $11.00 price objective on shares of USD Partners and gave the stock a “neutral” rating in a report on Monday, December 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $13.67.
Shares of USD Partners (USDP) opened at $11.55 on Friday. USD Partners has a 12 month low of $9.00 and a 12 month high of $16.50. The stock has a market cap of $304.45, a PE ratio of 12.55 and a beta of 0.95. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 2.50.
Several hedge funds have recently made changes to their positions in USDP. Goldman Sachs Group Inc. purchased a new position in shares of USD Partners during the 2nd quarter worth about $20,960,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of USD Partners during the 2nd quarter worth about $165,000. Evergreen Capital Management LLC lifted its holdings in shares of USD Partners by 39.1% during the 3rd quarter. Evergreen Capital Management LLC now owns 862,570 shares of the transportation company’s stock worth $9,488,000 after acquiring an additional 242,350 shares during the period. Finally, Institutional & Family Asset Management LLC purchased a new position in shares of USD Partners during the 3rd quarter worth about $271,000. Institutional investors and hedge funds own 27.01% of the company’s stock.
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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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