USD Partners (NYSE:USDP) Downgraded by ValuEngine

ValuEngine cut shares of USD Partners (NYSE:USDP) from a hold rating to a sell rating in a research report sent to investors on Thursday morning, ValuEngine reports.

Several other research analysts also recently issued reports on USDP. Bank of America upgraded shares of USD Partners from a neutral rating to a buy rating and upped their price target for the stock from $12.00 to $13.00 in a report on Monday, July 1st. Zacks Investment Research upgraded shares of USD Partners from a strong sell rating to a hold rating in a report on Thursday, May 9th. Finally, TheStreet downgraded shares of USD Partners from a b- rating to a c+ rating in a report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. USD Partners currently has a consensus rating of Hold and a consensus target price of $13.00.

NYSE USDP traded down $0.64 on Thursday, hitting $11.25. 120,992 shares of the company’s stock were exchanged, compared to its average volume of 36,649. The business has a 50-day moving average price of $11.49. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 3.49. USD Partners has a 52 week low of $9.15 and a 52 week high of $11.95. The company has a market cap of $303.30 million, a PE ratio of 14.61 and a beta of 0.44.

USD Partners (NYSE:USDP) last released its earnings results on Tuesday, May 7th. The transportation company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.12). USD Partners had a return on equity of 22.10% and a net margin of 13.56%. The business had revenue of $27.37 million for the quarter. On average, equities research analysts anticipate that USD Partners will post 0.74 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 14th. Stockholders of record on Tuesday, August 6th will be issued a dividend of $0.365 per share. The ex-dividend date is Monday, August 5th. This is an increase from USD Partners’s previous quarterly dividend of $0.36. This represents a $1.46 annualized dividend and a dividend yield of 12.98%. USD Partners’s dividend payout ratio is 188.31%.

Large investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA increased its holdings in shares of USD Partners by 56,200.0% during the second quarter. BNP Paribas Arbitrage SA now owns 3,378 shares of the transportation company’s stock worth $38,000 after buying an additional 3,372 shares in the last quarter. Citigroup Inc. acquired a new position in shares of USD Partners during the fourth quarter worth $53,000. Barclays PLC acquired a new position in shares of USD Partners during the fourth quarter worth $76,000. LPL Financial LLC acquired a new position in shares of USD Partners during the fourth quarter worth $158,000. Finally, First Republic Investment Management Inc. increased its holdings in shares of USD Partners by 8.0% during the first quarter. First Republic Investment Management Inc. now owns 17,530 shares of the transportation company’s stock worth $190,000 after buying an additional 1,301 shares in the last quarter. Institutional investors own 21.85% of the company’s stock.

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 two segments, Terminalling Services and Fleet Services. 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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