ValuEngine upgraded shares of USD Partners (NYSE:USDP) from a strong sell rating to a sell rating in a report released on Friday, June 8th.
Other research analysts have also recently issued reports about the company. B. Riley set a $11.00 price target on USD Partners and gave the stock a hold rating in a research note on Friday, March 9th. Zacks Investment Research upgraded USD Partners from a sell rating to a hold rating in a research note on Thursday, May 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The company presently has an average rating of Hold and an average target price of $13.50.
USD Partners opened at $10.85 on Friday, according to Marketbeat.com. USD Partners has a one year low of $9.00 and a one year high of $12.00. The company has a market capitalization of $287.30 million, a P/E ratio of 12.33 and a beta of 0.81. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.82 and a current ratio of 1.82.
USD Partners (NYSE:USDP) last released its quarterly earnings results on Monday, May 7th. The transportation company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. USD Partners had a return on equity of 32.18% and a net margin of 20.74%. The company had revenue of $29.73 million for the quarter, compared to analysts’ expectations of $29.73 million. analysts anticipate that USD Partners will post 1.11 EPS for the current year.
An institutional investor recently raised its position in USD Partners stock. Brookfield Asset Management Inc. increased its stake in USD Partners LP (NYSE:USDP) by 10.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,065,168 shares of the transportation company’s stock after acquiring an additional 96,933 shares during the period. Brookfield Asset Management Inc. owned approximately 4.04% of USD Partners worth $11,024,000 at the end of the most recent reporting period. 26.88% of the stock is owned by hedge funds and other institutional investors.
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. The company operates through Terminalling Services and Fleet Services segments. 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 terminals in San Antonio, Texas and West Colton, California, which are unit train-capable destination terminals that transload ethanol received by rail from producers onto trucks.
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