USD Partners (USDP) Cut to Hold at Zacks Investment Research

USD Partners (NYSE:USDP) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Friday.

According to Zacks, “USD Partners LP acquires, develops and operates energy-related rail terminals and other and complementary midstream infrastructure assets and businesses. Its assets consist primarily of an origination crude-by-rail terminal in Hardisty, Alberta, Canada and two destination unit train-capable ethanol rail terminals in San Antonio, Texas, and West Colton, California. The Company also provides railcar services. USD Partners LP is headquartered in Houston, Texas. “

A number of other research firms also recently weighed in on USDP. BidaskClub raised shares of USD Partners from a “hold” rating to a “buy” rating in a research report on Tuesday, October 17th. TheStreet raised shares of USD Partners from a “c” rating to a “b-” rating in a research report on Monday, October 9th. B. Riley set a $11.00 target price on shares of USD Partners and gave the company a “neutral” rating in a research report on Monday, December 18th. Finally, ValuEngine raised shares of USD Partners from a “buy” rating to a “strong-buy” rating in a research report on Monday, December 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. USD Partners has a consensus rating of “Hold” and a consensus target price of $13.67.

USD Partners (NYSE:USDP) traded up $0.05 during trading on Friday, reaching $11.55. 157,000 shares of the company were exchanged, compared to its average volume of 56,975. The company has a market capitalization of $307.09, a P/E ratio of 12.55 and a beta of 0.95. USD Partners has a 1-year low of $9.00 and a 1-year high of $16.30. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 2.50.

Several institutional investors and hedge funds have recently made changes to their positions in USDP. Goldman Sachs Group Inc. bought a new position in shares of USD Partners in the 2nd quarter valued at about $20,960,000. Evergreen Capital Management LLC grew its position in shares of USD Partners by 39.1% in the 3rd quarter. Evergreen Capital Management LLC now owns 862,570 shares of the transportation company’s stock valued at $9,488,000 after acquiring an additional 242,350 shares during the period. Institutional & Family Asset Management LLC bought a new position in shares of USD Partners in the 3rd quarter valued at about $271,000. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of USD Partners in the 2nd quarter valued at about $165,000. 27.01% of the stock is owned by institutional investors.

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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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