USD Partners LP (USDP) Sets New 52-Week Low at $9.07
USD Partners LP (NYSE:USDP) reached a new 52-week low during trading on Friday . The stock traded as low as $9.07 and last traded at $9.05, with a volume of 312,930 shares. The stock had previously closed at $9.90.
Several equities research analysts have recently commented on the stock. BidaskClub upgraded shares of USD Partners from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 19th. ValuEngine upgraded shares of USD Partners from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. TheStreet upgraded shares of USD Partners from a “d” rating to a “c” rating in a research report on Wednesday, May 17th. Finally, Zacks Investment Research upgraded shares of USD Partners from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 11th. 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 to the company. The company currently has a consensus rating of “Hold” and an average target price of $15.33.
The stock’s 50-day moving average price is $11.09 and its 200-day moving average price is $12.34. The firm has a market capitalization of $242.50 million, a P/E ratio of 8.16 and a beta of 1.03.
The firm also recently declared a quarterly dividend, which was paid on Friday, August 11th. Investors of record on Monday, August 7th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $1.36 dividend on an annualized basis and a yield of 13.74%. This is a boost from USD Partners’s previous quarterly dividend of $0.34. USD Partners’s dividend payout ratio is currently 110.57%.
In other USD Partners news, insider G Stacy Smith purchased 3,000 shares of the firm’s stock in a transaction that occurred on Friday, August 25th. The stock was purchased at an average price of $10.78 per share, for a total transaction of $32,340.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. In the last quarter, insiders have purchased 26,350 shares of company stock valued at $282,364.
Large investors have recently modified their holdings of the stock. Evergreen Capital Management LLC boosted its stake in USD Partners by 26.8% during the 2nd quarter. Evergreen Capital Management LLC now owns 620,220 shares of the transportation company’s stock worth $6,946,000 after purchasing an additional 131,193 shares during the period. Bank of America Corp DE boosted its stake in USD Partners by 31.1% during the 1st quarter. Bank of America Corp DE now owns 554,948 shares of the transportation company’s stock worth $6,826,000 after purchasing an additional 131,521 shares during the period. EJF Capital LLC boosted its stake in USD Partners by 66.7% during the 1st quarter. EJF Capital LLC now owns 50,000 shares of the transportation company’s stock worth $615,000 after purchasing an additional 20,000 shares during the period. Acadian Asset Management LLC acquired a new stake in USD Partners during the 1st quarter worth $281,000. Finally, HITE Hedge Asset Management LLC acquired a new stake in USD Partners during the 2nd quarter worth $2,382,000. Hedge funds and other institutional investors own 40.16% of the company’s stock.
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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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