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. “
Several other brokerages have also issued reports on USDP. Bank of America Corp lowered USD Partners from a buy rating to an underperform rating in a report on Friday, February 3rd. FBR & Co set a $17.00 price target on USD Partners and gave the stock a buy rating in a report on Saturday, March 11th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $14.38.
USD Partners (NYSE:USDP) opened at 12.35 on Wednesday. The firm has a market capitalization of $288.61 million, a price-to-earnings ratio of 12.07 and a beta of 1.19. The company’s 50 day moving average price is $14.00 and its 200-day moving average price is $13.87. USD Partners has a 12-month low of $7.90 and a 12-month high of $17.50.
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A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. raised its position in shares of USD Partners by 17.2% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,800 shares of the company’s stock valued at $107,000 after buying an additional 1,000 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of USD Partners during the fourth quarter valued at about $465,000. Renaissance Technologies LLC raised its position in shares of USD Partners by 12.2% in the fourth quarter. Renaissance Technologies LLC now owns 59,566 shares of the company’s stock valued at $941,000 after buying an additional 6,466 shares during the last quarter. Finally, Creative Planning raised its position in USD Partners by 45.9% in the third quarter. Creative Planning now owns 15,878 shares of the company’s stock worth $197,000 after buying an additional 4,995 shares in the last quarter. Institutional investors and hedge funds own 39.14% of the company’s stock.
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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