USD Partners LP (USDP) Downgraded by Janney Montgomery Scott to “Neutral”
USD Partners LP (NYSE:USDP) was downgraded by research analysts at Janney Montgomery Scott from a “buy” rating to a “neutral” rating in a report released on Monday, The Fly reports.
Other equities analysts have also issued research reports about the stock. DA Davidson started coverage on shares of USD Partners in a research note on Thursday, October 6th. They issued a “buy” rating and a $15.00 price objective for the company. Zacks Investment Research raised shares of USD Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, October 12th. Citigroup Inc. raised their price objective on shares of USD Partners from $10.50 to $11.50 and gave the stock a “neutral” rating in a research note on Monday, August 8th. Finally, FBR & Co started coverage on shares of USD Partners in a research note on Friday, September 9th. They issued an “outperform” rating and a $18.00 price objective for the company. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $14.70.
Shares of USD Partners (NYSE:USDP) traded up 4.29% on Monday, hitting $14.60. The company’s stock had a trading volume of 85,840 shares. USD Partners has a 52 week low of $4.72 and a 52 week high of $14.60. The stock’s 50 day moving average is $12.40 and its 200-day moving average is $10.71. The company has a market cap of $338.02 million, a price-to-earnings ratio of 16.63 and a beta of 1.13.
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Several large investors have recently modified their holdings of USDP. Creative Planning bought a new stake in shares of USD Partners during the second quarter worth about $105,000. Financial Counselors Inc. bought a new stake in shares of USD Partners during the second quarter worth about $142,000. GSA Capital Partners LLP raised 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 during the period. Finally, Evergreen Capital Management LLC raised 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 during the period.
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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