USD Partners (NYSE:USDP) Receives New Coverage from Analysts at StockNews.com

Analysts at StockNews.com assumed coverage on shares of USD Partners (NYSE:USDP) in a report issued on Sunday. The brokerage set a “hold” rating on the transportation company’s stock.

USD Partners Trading Up 10.2 %

NYSE:USDP opened at $0.13 on Friday. The company has a 50-day moving average price of $0.17 and a 200-day moving average price of $0.23. USD Partners has a 12 month low of $0.05 and a 12 month high of $3.88. The stock has a market cap of $4.22 million, a price-to-earnings ratio of 0.23 and a beta of 1.26.

USD Partners (NYSE:USDP) last posted its earnings results on Monday, March 11th. The transportation company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.13). The firm had revenue of $11.18 million for the quarter.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of USDP. Susquehanna International Group LLP lifted its position in USD Partners by 145.1% during the 1st quarter. Susquehanna International Group LLP now owns 24,868 shares of the transportation company’s stock valued at $75,000 after acquiring an additional 14,724 shares during the period. UBS Group AG lifted its position in USD Partners by 12.0% during the 1st 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. BNP Paribas Arbitrage SA bought a new stake in USD Partners during the 1st quarter valued at about $147,000. U.S. Capital Wealth Advisors LLC increased its stake in USD Partners by 201.3% during the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 30,227 shares of the transportation company’s stock valued at $182,000 after purchasing an additional 20,194 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in 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. 0.09% of the stock is owned by hedge funds and other institutional investors.

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. 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.