USD Partners (NYSE:USDP) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a report released on Monday, February 4th.
Separately, Zacks Investment Research upgraded shares of USD Partners from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research note on Wednesday, October 24th.
USDP stock traded down $0.23 during trading on Monday, reaching $10.69. 68,858 shares of the company were exchanged, compared to its average volume of 72,309. USD Partners has a 52-week low of $9.15 and a 52-week high of $11.75. The company has a market cap of $284.35 million, a P/E ratio of 12.15 and a beta of 0.44. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 2.54.
Several hedge funds have recently added to or reduced their stakes in the stock. Tortoise Index Solutions LLC increased its holdings in shares of USD Partners by 81.1% in the 4th quarter. Tortoise Index Solutions LLC now owns 4,005 shares of the transportation company’s stock worth $42,000 after acquiring an additional 1,794 shares during the period. Arrow Investment Advisors LLC increased its stake in USD Partners by 10.4% during the 4th quarter. Arrow Investment Advisors LLC now owns 49,491 shares of the transportation company’s stock valued at $517,000 after buying an additional 4,647 shares during the period. Citigroup Inc. acquired a new position in USD Partners during the 4th quarter valued at about $53,000. Usca Ria LLC increased its stake in USD Partners by 26.9% during the 4th quarter. Usca Ria LLC now owns 29,178 shares of the transportation company’s stock valued at $305,000 after buying an additional 6,178 shares during the period. Finally, Barclays PLC acquired a new position in USD Partners during the 4th quarter valued at about $76,000. 23.90% of the stock is currently owned by institutional investors and hedge funds.
USD Partners Company Profile
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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