Equities researchers at DA Davidson assumed coverage on shares of USD Partners LP (NYSE:USDP) in a research note issued to investors on Thursday, The Fly reports. The firm set a “buy” rating on the stock.
Several other equities research analysts have also weighed in on USDP. Zacks Investment Research upgraded shares of USD Partners from a “strong sell” rating to a “hold” rating in a research note on Saturday, July 9th. Citigroup Inc. increased their price objective on shares of USD Partners from $10.50 to $11.50 and gave the stock a “neutral” rating in a research note on Monday, August 8th. Finally, FBR & Co initiated coverage on shares of USD Partners in a research note on Friday, September 9th. They set an “outperform” rating and a $18.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $13.42.
USD Partners (NYSE:USDP) traded down 1.39% during mid-day trading on Thursday, reaching $12.74. The company’s stock had a trading volume of 36,332 shares. The stock’s 50 day moving average price is $12.10 and its 200 day moving average price is $10.49. USD Partners has a 1-year low of $4.72 and a 1-year high of $13.35. The stock has a market capitalization of $294.96 million, a P/E ratio of 14.51 and a beta of 1.13.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Financial Counselors Inc. purchased a new position in USD Partners during the second quarter valued at approximately $142,000. GSA Capital Partners LLP boosted its position in USD Partners by 91.8% in the second quarter. GSA Capital Partners LLP now owns 26,083 shares of the company’s stock valued at $251,000 after buying an additional 12,483 shares during the period. Evergreen Capital Management LLC boosted its position in USD Partners by 0.4% in the second quarter. Evergreen Capital Management LLC now owns 763,885 shares of the company’s stock valued at $7,364,000 after buying an additional 3,250 shares during the period. Finally, Creative Planning purchased a new position in USD Partners during the second quarter valued at approximately $105,000.
USD Partners Company Profile
USD Partners LP (USD Partners) is a fee-based, master limited partnership formed by US Development Group LLC (USD) to acquire, develop and operate energy-related logistics assets, including rail terminals and other midstream infrastructure. The Company conducts its business through two segments: Terminalling services and Fleet services.
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