Zacks Investment Research Downgrades USD Partners (USDP) to Sell

Zacks Investment Research cut shares of USD Partners (NYSE:USDP) from a hold rating to a sell rating in a research note published on Tuesday.

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. “

Separately, ValuEngine raised shares of USD Partners from a sell rating to a hold rating in a report on Monday, February 4th.

NYSE USDP opened at $11.00 on Tuesday. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 2.96. The firm has a market capitalization of $297.39 million, a price-to-earnings ratio of 14.42 and a beta of 0.43. USD Partners has a one year low of $9.15 and a one year high of $11.75.

USD Partners (NYSE:USDP) last posted its quarterly earnings data on Thursday, March 7th. The transportation company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.12). The business had revenue of $30.33 million during the quarter. USD Partners had a net margin of 17.72% and a return on equity of 27.70%. Equities analysts anticipate that USD Partners will post 0.89 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 19th. Stockholders of record on Monday, February 11th were issued a $0.36 dividend. This is an increase from USD Partners’s previous quarterly dividend of $0.36. The ex-dividend date was Friday, February 8th. This represents a $1.44 annualized dividend and a dividend yield of 13.09%. USD Partners’s payout ratio is presently 187.01%.

Several large investors have recently modified their holdings of the company. Tortoise Index Solutions LLC boosted its holdings in shares of USD Partners by 81.1% in the fourth quarter. Tortoise Index Solutions LLC now owns 4,005 shares of the transportation company’s stock valued at $42,000 after acquiring an additional 1,794 shares in the last quarter. Arrow Investment Advisors LLC boosted its holdings in shares of USD Partners by 10.4% in the fourth quarter. Arrow Investment Advisors LLC now owns 49,491 shares of the transportation company’s stock valued at $517,000 after acquiring an additional 4,647 shares in the last quarter. Citigroup Inc. purchased a new stake in shares of USD Partners in the fourth quarter valued at about $53,000. Usca Ria LLC boosted its holdings in shares of USD Partners by 26.9% in the fourth quarter. Usca Ria LLC now owns 29,178 shares of the transportation company’s stock valued at $305,000 after acquiring an additional 6,178 shares in the last quarter. Finally, Barclays PLC purchased a new stake in shares of USD Partners in the fourth quarter valued at about $76,000. 21.79% 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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