Zacks Investment Research Upgrades USD Partners LP (USDP) to “Hold”
USD Partners LP (NYSE:USDP) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued 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. Citigroup Inc. upped their target price on shares of USD Partners from $10.50 to $11.50 and gave the company a “neutral” rating in a research note on Monday, August 8th. DA Davidson initiated coverage on shares of USD Partners in a research note on Thursday, October 6th. They issued a “buy” rating and a $15.00 target price on the stock. Finally, FBR & Co initiated coverage on shares of USD Partners in a research note on Friday, September 9th. They issued an “outperform” rating and a $18.00 target price on the stock. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $13.64.
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Shares of USD Partners (NYSE:USDP) opened at 13.60 on Wednesday. USD Partners has a 1-year low of $4.72 and a 1-year high of $13.60. The firm has a market capitalization of $314.87 million, a PE ratio of 15.49 and a beta of 1.13. The firm has a 50-day moving average price of $12.24 and a 200-day moving average price of $10.63.
Several large investors have recently made changes to their positions in the stock. Evergreen Capital Management LLC increased its stake 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 worth $7,364,000 after buying an additional 3,250 shares in the last quarter. GSA Capital Partners LLP increased its stake 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 worth $251,000 after buying an additional 12,483 shares in the last quarter. Financial Counselors Inc. acquired a new stake in shares of USD Partners during the second quarter worth $142,000. Finally, Creative Planning acquired a new stake in shares of USD Partners during the second quarter worth $105,000.
About USD Partners
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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