USD Partners (USDP) Upgraded by Zacks Investment Research to “Buy”

Zacks Investment Research upgraded shares of USD Partners (NYSE:USDP) from a hold rating to a buy rating in a report released on Thursday. They currently have $12.00 price objective on the transportation company’s stock.

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 analysts have also issued reports on the stock. B. Riley set a $14.00 target price on shares of USD Partners and gave the stock a buy rating in a research report on Thursday, August 16th. Janney Montgomery Scott raised shares of USD Partners from a neutral rating to a buy rating in a research report on Tuesday, July 10th. Finally, ValuEngine lowered shares of USD Partners from a sell rating to a strong sell rating in a research report on Monday, July 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $13.00.

Shares of USD Partners stock traded up $0.19 on Thursday, reaching $10.58. The stock had a trading volume of 1,900 shares, compared to its average volume of 72,827. The company has a current ratio of 2.41, a quick ratio of 2.18 and a debt-to-equity ratio of 2.65. USD Partners has a fifty-two week low of $9.15 and a fifty-two week high of $12.00. The stock has a market capitalization of $275.57 million, a price-to-earnings ratio of 11.92 and a beta of 0.75.

USD Partners (NYSE:USDP) last issued its quarterly earnings data on Tuesday, August 7th. The transportation company reported $0.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.01). USD Partners had a return on equity of 30.36% and a net margin of 18.84%. The firm had revenue of $29.58 million during the quarter, compared to analyst estimates of $31.29 million. As a group, research analysts predict that USD Partners will post 1.04 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the stock. HITE Hedge Asset Management LLC increased its holdings in USD Partners by 227.0% in the 2nd quarter. HITE Hedge Asset Management LLC now owns 216,787 shares of the transportation company’s stock valued at $2,330,000 after buying an additional 150,499 shares during the period. Intrinsic Edge Capital Management LLC bought a new stake in USD Partners in the 2nd quarter valued at $753,000. Arrow Investment Advisors LLC bought a new stake in USD Partners in the 2nd quarter valued at $491,000. Renaissance Technologies LLC bought a new stake in USD Partners in the 2nd quarter valued at $292,000. Finally, First Republic Investment Management Inc. bought a new stake in USD Partners in the 2nd quarter valued at $181,000. 26.03% of the stock is currently owned by institutional investors and hedge funds.

About USD Partners

USD Partners LP acquires, develops, and operates midstream infrastructure assets and logistics solutions for crude oil, biofuels, and other energy-related products in the United States and Canada. The company operates through Terminalling Services and Fleet Services segments. The Terminalling Services segment owns and operates Hardisty terminal, an origination terminal for loading various grades of Canadian crude oil onto railcars for transportation to end markets; Stroud terminal, a crude oil destination terminal, which is used to facilitate rail-to-pipeline shipments of crude oil located in Stroud, Oklahoma; Casper terminal, a crude oil storage, blending, and railcar loading terminal located in Casper, Wyoming; and terminals in San Antonio, Texas and West Colton, California, which are unit train-capable destination terminals that transload ethanol received by rail from producers onto trucks.

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