USD Partners LP (USDP) Upgraded at Zacks Investment Research
USD Partners LP (NYSE:USDP) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Wednesday.
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 a number of other research reports. FBR & Co started coverage on USD Partners in a report on Friday, September 9th. They set an “outperform” rating and a $18.00 target price on the stock. DA Davidson started coverage on USD Partners in a report on Thursday, October 6th. They set a “buy” rating and a $15.00 target price on the stock. Finally, Citigroup Inc. increased their target price on USD Partners from $10.50 to $11.50 and gave the company a “neutral” rating in a report on Monday, August 8th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $13.64.
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USD Partners (NYSE:USDP) opened at 13.60 on Wednesday. The company’s 50-day moving average price is $12.24 and its 200-day moving average price is $10.63. USD Partners has a 12 month low of $4.72 and a 12 month high of $13.60. The stock has a market cap of $314.87 million, a P/E ratio of 15.49 and a beta of 1.13.
Large investors have recently bought and sold shares of the company. Financial Counselors Inc. purchased a new position in shares of USD Partners during the second quarter valued at $142,000. GSA Capital Partners LLP raised its position 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 period. Evergreen Capital Management LLC raised its position 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 period. Finally, Creative Planning purchased a new position in shares of USD Partners during the second quarter valued at $105,000.
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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