USD Partners LP (NYSE:USDP) Receives $14.10 Average Target Price from Analysts
Shares of USD Partners LP (NYSE:USDP) have been assigned a consensus recommendation of “Hold” from the seven brokerages that are currently covering the company. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $14.25.
Several equities research analysts have recently issued reports on USDP shares. Zacks Investment Research upgraded shares of USD Partners from a “strong sell” rating to a “hold” rating in a research note on Saturday, July 9th. FBR & Co started coverage on shares of USD Partners in a research note on Friday, September 9th. They set an “outperform” rating and a $18.00 price target on the stock. DA Davidson started coverage on shares of USD Partners in a research note on Thursday. They set a “buy” rating and a $15.00 price target on the stock. Finally, Citigroup Inc. lifted their price target on shares of USD Partners from $10.50 to $11.50 and gave the stock a “neutral” rating in a research note on Monday, August 8th.
Several large investors have recently modified their holdings of USDP. Creative Planning purchased a new stake in shares of USD Partners during the second quarter valued at approximately $105,000. Financial Counselors Inc. purchased a new stake in shares of USD Partners during the second quarter valued at approximately $142,000. GSA Capital Partners LLP increased its stake in shares of USD Partners by 91.8% in the second quarter. GSA Capital Partners LLP now owns 26,083 shares of the company’s stock valued at $251,000 after buying an additional 12,483 shares in the last quarter. Finally, Evergreen Capital Management LLC increased its stake in shares of USD Partners by 0.4% in the second quarter. Evergreen Capital Management LLC now owns 763,885 shares of the company’s stock valued at $7,364,000 after buying an additional 3,250 shares in the last quarter.
USD Partners (NYSE:USDP) opened at 13.22 on Friday. USD Partners has a 1-year low of $4.72 and a 1-year high of $13.35. The firm’s 50-day moving average is $12.14 and its 200 day moving average is $10.54. The firm has a market cap of $306.07 million, a PE ratio of 15.06 and a beta of 1.13.
USD Partners Company Profile
USD Partners LP (USD Partners) is a fee-based, master limited partnership formed by US Development Group LLC (USD) to acquire, develop and operate energy-related logistics assets, including rail terminals and other midstream infrastructure. The Company conducts its business through two segments: Terminalling services and Fleet services.
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