USD Partners (NYSE:USDP) Stock Rating Lowered by Zacks Investment Research

USD Partners (NYSE:USDPGet Rating) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report issued on Thursday, Zacks.com reports.

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. “

Several other research analysts also recently issued reports on USDP. TheStreet raised shares of USD Partners from a “c” rating to a “b-” rating in a research report on Thursday, March 3rd. StockNews.com assumed coverage on USD Partners in a report on Thursday, March 31st. They issued a “buy” rating for the company.

Shares of USDP stock opened at $5.91 on Thursday. The company has a market capitalization of $165.96 million, a price-to-earnings ratio of 7.78, a PEG ratio of 1.79 and a beta of 1.06. The company’s fifty day moving average price is $5.99 and its 200-day moving average price is $5.78. USD Partners has a one year low of $4.75 and a one year high of $8.27. The company has a debt-to-equity ratio of 8.70, a current ratio of 0.96 and a quick ratio of 0.85.

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

A number of institutional investors have recently made changes to their positions in the business. Susquehanna International Group LLP bought a new stake in USD Partners in the 4th quarter valued at about $98,000. Citadel Advisors LLC bought a new stake in USD Partners in the 3rd quarter worth approximately $108,000. HighTower Advisors LLC purchased a new stake in USD Partners during the 3rd quarter valued at $195,000. Citigroup Inc. increased its stake in shares of USD Partners by 58.2% during the third quarter. Citigroup Inc. now owns 33,864 shares of the transportation company’s stock valued at $211,000 after purchasing an additional 12,453 shares in the last quarter. Finally, B. Riley Wealth Management Inc. purchased a new position in USD Partners in the third quarter worth about $341,000. 11.54% of the stock is owned by institutional investors and hedge funds.

USD Partners Company Profile (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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