USD Partners (NYSE:USDP) was upgraded by ValuEngine from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday.
Several other research analysts have also recently commented on the company. BidaskClub cut USD Partners from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. TheStreet raised USD Partners from a “c” rating to a “b-” rating in a research report on Monday, October 9th. Finally, Zacks Investment Research cut USD Partners from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $15.50.
USD Partners (NYSE USDP) opened at $10.05 on Monday. USD Partners has a 52-week low of $9.00 and a 52-week high of $17.50. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 2.50. The company has a market capitalization of $263.58, a P/E ratio of 10.20 and a beta of 0.95.
Large investors have recently added to or reduced their stakes in the stock. Evergreen Capital Management LLC lifted its holdings in USD Partners by 26.8% during the 2nd quarter. Evergreen Capital Management LLC now owns 620,220 shares of the transportation company’s stock worth $6,946,000 after purchasing an additional 131,193 shares during the last quarter. Goldman Sachs Group Inc. acquired a new stake in USD Partners during the 2nd quarter worth approximately $20,960,000. HITE Hedge Asset Management LLC acquired a new stake in USD Partners during the 2nd quarter worth approximately $2,382,000. Arrowstreet Capital Limited Partnership acquired a new stake in USD Partners during the 2nd quarter worth approximately $165,000. Finally, Institutional & Family Asset Management LLC acquired a new stake in USD Partners during the 3rd quarter worth approximately $271,000. 27.01% of the stock is owned by institutional investors and hedge funds.
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About USD Partners
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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