USD Partners (NYSE:USDP) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.
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 equities research analysts have also commented on USDP. ValuEngine raised shares of USD Partners from a “buy” rating to a “strong-buy” rating in a report on Monday, December 4th. B. Riley set a $11.00 price objective on shares of USD Partners and gave the stock a “neutral” rating in a report on Monday, December 18th. Finally, Bank of America raised shares of USD Partners from an “underperform” rating to a “neutral” rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. USD Partners currently has a consensus rating of “Hold” and a consensus price target of $12.00.
Hedge funds and other institutional investors have recently modified their holdings of the company. Evergreen Capital Management LLC boosted its stake 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 purchasing an additional 242,350 shares during the last quarter. Institutional & Family Asset Management LLC bought a new position in shares of USD Partners in the 3rd quarter valued at about $271,000. Center Coast Capital Advisors LP bought a new position in shares of USD Partners in the 4th quarter valued at about $10,893,000. Finally, Brookfield Asset Management Inc. bought a new position in shares of USD Partners in the 4th quarter valued at about $10,893,000. 29.85% of the stock is currently 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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