Shares of USD Partners LP (NYSE:USDP) have earned an average rating of “Hold” from the seven brokerages that are currently covering the firm. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $14.10.
Several research firms recently weighed in on USDP. FBR & Co began coverage on shares of USD Partners in a research report on Friday, September 9th. They issued an “outperform” rating and a $18.00 price objective for the company. Citigroup Inc. boosted their price objective on shares of USD Partners from $10.50 to $11.50 and gave the stock a “neutral” rating in a research report on Monday, August 8th. DA Davidson began coverage on shares of USD Partners in a research report on Thursday. They issued a “buy” rating for the company. Finally, Zacks Investment Research upgraded shares of USD Partners from a “strong sell” rating to a “hold” rating in a research report on Saturday, July 9th.
A number of hedge funds have recently added to or reduced their stakes in the company. Financial Counselors Inc. acquired a new stake in USD Partners during the second quarter worth approximately $142,000. GSA Capital Partners LLP raised its position in shares of 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. Creative Planning purchased a new position in shares of USD Partners during the second quarter valued at about $105,000. Finally, Evergreen Capital Management LLC raised its position in shares of 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.
Shares of USD Partners (NYSE:USDP) traded up 2.83% during mid-day trading on Friday, hitting $13.10. The company had a trading volume of 11,046 shares. The firm’s 50-day moving average price is $12.13 and its 200 day moving average price is $10.51. The company has a market capitalization of $303.29 million, a P/E ratio of 14.92 and a beta of 1.13. USD Partners has a one year low of $4.72 and a one year high of $13.35.
About USD Partners
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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