USD Partners LP (NYSE:USDP) Receives Consensus Recommendation of “Hold” from Analysts
Shares of USD Partners LP (NYSE:USDP) have earned a consensus recommendation of “Hold” from the eight analysts that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $14.50.
A number of equities analysts have recently commented on the stock. TheStreet upgraded shares of USD Partners from a “d” rating to a “c” rating in a report on Wednesday, May 17th. ValuEngine upgraded shares of USD Partners from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Zacks Investment Research upgraded shares of USD Partners from a “strong sell” rating to a “hold” rating in a report on Thursday, May 11th. FBR & Co reiterated a “buy” rating on shares of USD Partners in a report on Thursday, May 4th. Finally, BidaskClub upgraded shares of USD Partners from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 19th.
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A number of institutional investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC purchased a new position in USD Partners during the first quarter valued at about $281,000. Creative Planning raised its position in USD Partners by 97.4% in the first quarter. Creative Planning now owns 48,300 shares of the transportation company’s stock valued at $594,000 after buying an additional 23,832 shares during the last quarter. EJF Capital LLC raised its position in USD Partners by 66.7% in the first quarter. EJF Capital LLC now owns 50,000 shares of the transportation company’s stock valued at $615,000 after buying an additional 20,000 shares during the last quarter. Renaissance Technologies LLC raised its position in USD Partners by 12.2% in the fourth quarter. Renaissance Technologies LLC now owns 59,566 shares of the transportation company’s stock valued at $941,000 after buying an additional 6,466 shares during the last quarter. Finally, HITE Hedge Asset Management LLC purchased a new position in USD Partners during the second quarter valued at about $2,382,000. Institutional investors and hedge funds own 28.05% of the company’s stock.
USD Partners (USDP) traded up 2.38% on Friday, hitting $10.75. The stock had a trading volume of 46,326 shares. USD Partners has a 1-year low of $9.85 and a 1-year high of $17.50. The firm has a market capitalization of $251.22 million, a price-to-earnings ratio of 8.41 and a beta of 1.03. The company’s 50 day moving average is $11.46 and its 200-day moving average is $12.97.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 11th. Investors of record on Monday, August 7th will be issued a $0.34 dividend. This is a positive change from USD Partners’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $1.36 annualized dividend and a yield of 12.95%. USD Partners’s payout ratio is presently 110.57%.
USD Partners Company Profile
USD Partners LP acquires, develops and operates energy-related logistics assets, including rail terminals and other midstream infrastructure. The Company’s segments include Terminalling services and Fleet services. The Terminalling services segment consists of various operations, including Hardisty terminal, Casper terminal and Ethanol terminals.
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