Janney Montgomery Scott cut shares of USD Partners LP (NYSE:USDP) from a buy rating to a neutral rating in a research note issued to investors on Monday morning. The analysts noted that the move was a valuation call.
A number of other equities analysts also recently issued reports on USDP. FBR & Co began 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. Citigroup Inc. increased their price objective on shares of USD Partners from $10.50 to $11.50 and gave the company a neutral rating in a research note on Monday, August 8th. DA Davidson began coverage on shares of USD Partners in a research note on Thursday, October 6th. They set a buy rating and a $15.00 price objective on the stock. Finally, 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. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. USD Partners presently has a consensus rating of Buy and an average target price of $14.70.
Shares of USD Partners (NYSE:USDP) opened at 14.40 on Monday. USD Partners has a 52 week low of $4.72 and a 52 week high of $14.60. The stock has a market capitalization of $333.39 million, a price-to-earnings ratio of 16.40 and a beta of 1.13. The firm’s 50-day moving average is $12.47 and its 200-day moving average is $10.79.
Large investors have recently made changes to their positions in the stock. Creative Planning increased its stake in shares of USD Partners by 45.9% in the third quarter. Creative Planning now owns 15,878 shares of the company’s stock valued at $197,000 after buying an additional 4,995 shares during the period. Financial Counselors Inc. bought a new stake in USD Partners during the second quarter valued at approximately $142,000. GSA Capital Partners LLP increased its stake 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 last quarter. Finally, Evergreen Capital Management LLC increased its stake 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 last quarter.
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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