USD Partners LP (NYSE:USDP) was upgraded by equities researchers at TheStreet from a “c” rating to a “b-” rating in a report released on Monday.
USDP has been the subject of a number of other research reports. Zacks Investment Research lowered USD Partners from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 3rd. BidaskClub lowered USD Partners from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $15.50.
Shares of USD Partners (USDP) opened at 10.80 on Monday. USD Partners has a 12 month low of $9.00 and a 12 month high of $17.50. The stock has a market cap of $284.68 million, a P/E ratio of 9.58 and a beta of 1.01. The stock has a 50 day moving average price of $10.69 and a 200-day moving average price of $11.96.
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In other news, insider G Stacy Smith acquired 3,000 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The stock was acquired at an average cost of $10.78 per share, for a total transaction of $32,340.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Dan Borgen acquired 5,000 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The shares were purchased at an average price of $9.83 per share, with a total value of $49,150.00. The disclosure for this purchase can be found here. Insiders bought 36,350 shares of company stock valued at $377,464 in the last 90 days.
Several large investors have recently made changes to their positions in the stock. Renaissance Technologies LLC raised its holdings in shares of USD Partners by 10.3% during the first quarter. Renaissance Technologies LLC now owns 65,691 shares of the transportation company’s stock worth $808,000 after acquiring an additional 6,125 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of USD Partners during the second quarter worth $165,000. EJF Capital LLC raised its holdings in shares of USD Partners by 66.7% during the first quarter. EJF Capital LLC now owns 50,000 shares of the transportation company’s stock worth $615,000 after acquiring an additional 20,000 shares in the last quarter. Evergreen Capital Management LLC raised its holdings in shares of USD Partners by 26.8% during the second quarter. Evergreen Capital Management LLC now owns 620,220 shares of the transportation company’s stock worth $6,946,000 after acquiring an additional 131,193 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of USD Partners by 31.1% during the first quarter. Bank of America Corp DE now owns 554,948 shares of the transportation company’s stock worth $6,826,000 after acquiring an additional 131,521 shares in the last quarter. Institutional investors and hedge funds own 30.29% of the company’s stock.
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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