USD Partners LP (USDP) Given Average Recommendation of “Hold” by Brokerages
Shares of USD Partners LP (NYSE:USDP) have been given an average rating of “Hold” by the seven ratings firms that are presently covering the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $13.25.
USDP has been the topic of a number of recent research reports. Zacks Investment Research cut USD Partners from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 15th. Bank of America Corp cut USD Partners from a “buy” rating to an “underperform” rating in a research note on Friday, February 3rd. FBR & Co reaffirmed a “buy” rating on shares of USD Partners in a research note on Thursday, May 4th. Finally, TheStreet raised USD Partners from a “d” rating to a “c” rating in a research note on Wednesday, May 17th.
Hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC raised its stake in USD Partners by 12.2% in the fourth quarter. Renaissance Technologies LLC now owns 59,566 shares of the transportation company’s stock worth $941,000 after buying an additional 6,466 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in USD Partners during the fourth quarter worth $465,000. Ladenburg Thalmann Financial Services Inc. raised 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 worth $107,000 after buying an additional 1,000 shares in the last quarter. Creative Planning raised its stake in USD Partners by 97.4% in the first quarter. Creative Planning now owns 48,300 shares of the transportation company’s stock worth $594,000 after buying an additional 23,832 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in USD Partners during the first quarter worth $281,000. Institutional investors own 39.14% of the company’s stock.
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USD Partners (NYSE:USDP) traded down 1.6035% during trading on Friday, reaching $13.8739. The company’s stock had a trading volume of 6,839 shares. The firm has a 50 day moving average price of $13.86 and a 200-day moving average price of $14.10. USD Partners has a 52-week low of $8.88 and a 52-week high of $17.50. The stock has a market cap of $324.22 million, a price-to-earnings ratio of 12.1594 and a beta of 1.19.
The company also recently announced a quarterly dividend, which was paid on Friday, May 12th. Stockholders of record on Monday, May 8th were issued a dividend of $0.335 per share. This is a positive change from USD Partners’s previous quarterly dividend of $0.33. This represents a $1.34 dividend on an annualized basis and a dividend yield of 9.50%. The ex-dividend date was Thursday, May 4th. USD Partners’s dividend payout ratio is currently 118.92%.
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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