USD Partners LP (USDP) Raised to “C” at TheStreet
USD Partners LP (NYSE:USDP) was upgraded by equities researchers at TheStreet from a “d” rating to a “c” rating in a report issued on Wednesday.
A number of other equities research analysts have also recently issued reports on USDP. Bank of America Corp cut shares of USD Partners from a “buy” rating to an “underperform” rating in a report on Friday, February 3rd. FBR & Co set a $17.00 price target on shares of USD Partners and gave the company a “buy” rating in a report on Saturday, March 11th. Finally, Zacks Investment Research cut shares of USD Partners from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 15th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $14.38.
Shares of USD Partners (NYSE:USDP) traded up 1.83% during mid-day trading on Wednesday, hitting $13.90. The stock had a trading volume of 3,499 shares. The firm’s 50 day moving average price is $13.60 and its 200-day moving average price is $14.03. USD Partners has a one year low of $8.88 and a one year high of $17.50. The company has a market cap of $324.83 million, a PE ratio of 12.18 and a beta of 1.19.
The business also recently announced a quarterly dividend, which was paid on Friday, May 12th. Investors of record on Monday, May 8th were paid a $0.335 dividend. This represents a $1.34 annualized dividend and a dividend yield of 9.82%. The ex-dividend date of this dividend was Thursday, May 4th. This is a boost from USD Partners’s previous quarterly dividend of $0.33. USD Partners’s dividend payout ratio (DPR) is presently 118.92%.
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Large investors have recently added to or reduced their stakes in the stock. Creative Planning bought a new stake in USD Partners during the second quarter valued at $105,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in USD Partners by 17.2% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,800 shares of the transportation company’s stock valued at $107,000 after buying an additional 1,000 shares during the last quarter. Financial Counselors Inc. bought a new stake in USD Partners during the second quarter valued at $142,000. GSA Capital Partners LLP boosted its stake in USD Partners by 91.8% in the second quarter. GSA Capital Partners LLP now owns 26,083 shares of the transportation company’s stock valued at $251,000 after buying an additional 12,483 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new stake in USD Partners during the first quarter valued at $281,000. Institutional investors and hedge funds own 39.14% 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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