Analysts at StockNews.com began coverage on shares of USD Partners (NYSE:USDP – Get Free Report) in a research note issued to investors on Saturday. The brokerage set a “hold” rating on the transportation company’s stock.
USD Partners Price Performance
Shares of USD Partners stock opened at $0.59 on Friday. USD Partners has a 1-year low of $0.58 and a 1-year high of $5.05. The company has a market capitalization of $19.93 million, a P/E ratio of -0.30 and a beta of 1.22. The business’s fifty day moving average price is $0.80 and its two-hundred day moving average price is $1.87.
Institutional Trading of USD Partners
A number of institutional investors have recently bought and sold shares of USDP. UBS Group AG boosted its position in shares of USD Partners by 12.0% in the first quarter. UBS Group AG now owns 21,671 shares of the transportation company’s stock valued at $130,000 after acquiring an additional 2,316 shares during the period. Bank of America Corp DE boosted its position in shares of USD Partners by 6.9% in the first quarter. Bank of America Corp DE now owns 136,097 shares of the transportation company’s stock valued at $820,000 after acquiring an additional 8,749 shares during the period. Janney Montgomery Scott LLC bought a new position in USD Partners in the fourth quarter worth $32,000. Symphony Financial Ltd. Co. bought a new position in USD Partners in the first quarter worth $41,000. Finally, Susquehanna International Group LLP lifted its position in USD Partners by 145.1% in the first quarter. Susquehanna International Group LLP now owns 24,868 shares of the transportation company’s stock worth $75,000 after purchasing an additional 14,724 shares during the period. Institutional investors and hedge funds own 5.36% of the company’s stock.
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. It 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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