USD Partners LP (USDP) Upgraded to “Hold” by BidaskClub
USD Partners LP (NYSE:USDP) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Thursday.
Several other brokerages also recently commented on USDP. TheStreet upgraded shares of USD Partners from a “d” rating to a “c” rating in a research report on Wednesday, May 17th. ValuEngine upgraded shares of USD Partners from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. Finally, Zacks Investment Research upgraded shares of USD Partners from a “hold” rating to a “strong-buy” rating and set a $14.00 price objective for the company in a research report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $15.33.
Shares of USD Partners (NYSE:USDP) traded down 3.77% during mid-day trading on Thursday, reaching $10.20. The company’s stock had a trading volume of 84,096 shares. The firm’s 50 day moving average is $10.92 and its 200-day moving average is $12.26. USD Partners has a 52-week low of $9.00 and a 52-week high of $17.50. The company has a market capitalization of $268.86 million, a PE ratio of 9.05 and a beta of 1.03.
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In related news, insider G Stacy Smith purchased 3,000 shares of the stock in a transaction dated Friday, August 25th. The stock was bought at an average cost of $10.78 per share, for a total transaction of $32,340.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Dan Borgen purchased 5,000 shares of the stock in a transaction dated Friday, September 8th. The shares were bought at an average price of $9.19 per share, with a total value of $45,950.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 36,350 shares of company stock valued at $377,464.
Several large investors have recently made changes to their positions in the company. Renaissance Technologies LLC increased its holdings in shares of USD Partners by 10.3% during the first quarter. Renaissance Technologies LLC now owns 65,691 shares of the transportation company’s stock worth $808,000 after buying an additional 6,125 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of USD Partners during the second quarter worth $165,000. EJF Capital LLC increased its holdings in shares of USD Partners by 66.7% during the first quarter. EJF Capital LLC now owns 50,000 shares of the transportation company’s stock worth $615,000 after buying an additional 20,000 shares in the last quarter. Acadian Asset Management LLC acquired a new position in shares of USD Partners during the first quarter worth $281,000. Finally, Evergreen Capital Management LLC increased its holdings in shares of USD Partners by 26.8% during the second quarter. Evergreen Capital Management LLC now owns 620,220 shares of the transportation company’s stock worth $6,946,000 after buying an additional 131,193 shares in the last quarter. Institutional investors own 40.16% of the company’s stock.
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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