Zacks Investment Research Upgrades USD Partners (NYSE:USDP) to Buy

Zacks Investment Research upgraded shares of USD Partners (NYSE:USDPGet Rating) from a hold rating to a buy rating in a research note published on Thursday, Zacks.com reports. They currently have $7.50 price target 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. “

Other analysts also recently issued research reports about the company. StockNews.com began coverage on USD Partners in a research note on Thursday, March 31st. They set a buy rating for the company. TheStreet upgraded USD Partners from a c rating to a b- rating in a report on Thursday, March 3rd.

USDP traded down $0.23 during trading on Thursday, reaching $6.43. 194,349 shares of the company were exchanged, compared to its average volume of 78,681. The stock has a market cap of $180.55 million, a P/E ratio of 8.46, a PEG ratio of 1.94 and a beta of 1.06. The firm has a 50 day moving average of $5.98 and a 200 day moving average of $5.80. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 8.70. USD Partners has a 52 week low of $4.75 and a 52 week high of $8.27.

USD Partners (NYSE:USDPGet Rating) last announced its quarterly earnings data on Wednesday, March 2nd. The transportation company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.06). The firm had revenue of $28.21 million during the quarter, compared to analyst estimates of $30.62 million. USD Partners had a net margin of 17.57% and a return on equity of 133.13%. As a group, analysts forecast that USD Partners will post 0.85 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 13th. Stockholders of record on Wednesday, May 4th will be issued a dividend of $0.123 per share. The ex-dividend date is Tuesday, May 3rd. This is an increase from USD Partners’s previous quarterly dividend of $0.12. This represents a $0.49 annualized dividend and a dividend yield of 7.65%. USD Partners’s dividend payout ratio is 64.47%.

Several hedge funds have recently added to or reduced their stakes in the company. Citadel Advisors LLC bought a new position in USD Partners in the 3rd quarter valued at about $108,000. Susquehanna International Group LLP purchased a new position in USD Partners in the 4th quarter valued at approximately $98,000. HighTower Advisors LLC purchased a new position in USD Partners in the 3rd quarter valued at approximately $195,000. Citigroup Inc. grew its stake in USD Partners by 58.2% in the 3rd quarter. Citigroup Inc. now owns 33,864 shares of the transportation company’s stock valued at $211,000 after buying an additional 12,453 shares in the last quarter. Finally, B. Riley Wealth Management Inc. purchased a new position in USD Partners in the 3rd quarter valued at approximately $341,000. 11.54% of the stock is currently owned by institutional investors.

About USD Partners (Get Rating)

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 West Colton Terminal, an unit train-capable destination terminals that trans load approximately 13,000 barrels per day ethanol and renewable diesel received by rail from producers onto trucks.

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