USD Partners LP (NYSE:USDP) Given Consensus Rating of “Hold” by Brokerages
Shares of USD Partners LP (NYSE:USDP) have received an average rating of “Hold” from the eight brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $13.25.
Several analysts recently issued reports on USDP shares. Zacks Investment Research upgraded shares of USD Partners from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 11th. TheStreet upgraded shares of USD Partners from a “d” rating to a “c” rating in a research report on Wednesday, May 17th. FBR & Co restated a “buy” rating on shares of USD Partners in a research report on Thursday, May 4th. Finally, ValuEngine lowered shares of USD Partners from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 9th.
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Shares of USD Partners (USDP) traded up 0.64% on Monday, hitting $11.80. The stock had a trading volume of 76,611 shares. The company has a 50 day moving average of $12.57 and a 200-day moving average of $13.79. USD Partners has a 12-month low of $9.81 and a 12-month high of $17.50. The firm has a market capitalization of $275.75 million, a P/E ratio of 10.34 and a beta of 1.02.
Several institutional investors have recently added to or reduced their stakes in the stock. EJF Capital LLC increased its position in USD Partners by 66.7% in the first quarter. EJF Capital LLC now owns 50,000 shares of the transportation company’s stock valued at $615,000 after buying an additional 20,000 shares during the last quarter. Bank of America Corp DE increased its position in USD Partners by 31.1% in the first quarter. Bank of America Corp DE now owns 554,948 shares of the transportation company’s stock valued at $6,826,000 after buying an additional 131,521 shares during the last quarter. Renaissance Technologies LLC increased its position in USD Partners by 10.3% in the first quarter. Renaissance Technologies LLC now owns 65,691 shares of the transportation company’s stock valued at $808,000 after buying an additional 6,125 shares during the last quarter. Acadian Asset Management LLC acquired a new position in USD Partners during the first quarter valued at about $281,000. Finally, Creative Planning increased its position in USD Partners by 97.4% in the first quarter. Creative Planning now owns 48,300 shares of the transportation company’s stock valued at $594,000 after buying an additional 23,832 shares during the last quarter. 28.22% of the stock is owned by hedge funds and other institutional investors.
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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