StockNews.com started coverage on shares of USD Partners (NYSE:USDP – Get Free Report) in a research report issued to clients and investors on Monday. The firm set a “hold” rating on the transportation company’s stock.
USD Partners Stock Performance
Shares of NYSE:USDP opened at $0.37 on Monday. The stock has a market capitalization of $12.57 million, a price-to-earnings ratio of 9.31 and a beta of 1.39. USD Partners has a 1-year low of $0.32 and a 1-year high of $4.35. The company has a 50 day moving average price of $0.51 and a 200 day moving average price of $0.91.
Institutional Trading of USD Partners
Large investors have recently added to or reduced their stakes in the business. Evergreen Capital Management LLC raised its holdings in shares of USD Partners by 11.6% during the 1st quarter. Evergreen Capital Management LLC now owns 958,048 shares of the transportation company’s stock valued at $5,767,000 after purchasing an additional 99,575 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of USD Partners by 63.9% during the 1st quarter. JPMorgan Chase & Co. now owns 512,198 shares of the transportation company’s stock valued at $3,083,000 after purchasing an additional 199,696 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in shares of USD Partners by 5.5% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 345,340 shares of the transportation company’s stock valued at $1,091,000 after purchasing an additional 17,929 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of USD Partners by 6.9% during the 1st quarter. Bank of America Corp DE now owns 136,097 shares of the transportation company’s stock valued at $820,000 after purchasing an additional 8,749 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC raised its holdings in USD Partners by 201.3% in the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 30,227 shares of the transportation company’s stock worth $182,000 after acquiring an additional 20,194 shares during the period. 5.36% of the stock is currently owned by institutional investors.
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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