USD Partners LP (NYSE:USDP) declared a dividend on Thursday, February 1st, Fidelity reports. Stockholders of record on Monday, February 12th will be paid a dividend of 0.35 per share by the transportation company on Friday, February 16th. This represents a dividend yield of 0.0311111111111111%. The ex-dividend date of this dividend is Friday, February 9th.
USD Partners has a dividend payout ratio of 126.6% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect USD Partners to earn $1.18 per share next year, which means the company may not be able to cover its $1.38 annual dividend with an expected future payout ratio of 116.9%.
Shares of USD Partners (NYSE:USDP) opened at $11.25 on Friday. The firm has a market capitalization of $296.53, a PE ratio of 11.48 and a beta of 0.87. USD Partners has a fifty-two week low of $9.00 and a fifty-two week high of $16.05. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 2.50.
USD Partners (NYSE:USDP) last issued its earnings results on Wednesday, November 8th. The transportation company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.01). USD Partners had a net margin of 19.98% and a return on equity of 35.73%. equities analysts predict that USD Partners will post 1.09 earnings per share for the current fiscal year.
Several equities research analysts recently weighed in on USDP shares. ValuEngine upgraded USD Partners from a “buy” rating to a “strong-buy” rating in a report on Monday, December 4th. BidaskClub cut USD Partners from a “buy” rating to a “hold” rating in a report on Friday, October 27th. Zacks Investment Research upgraded USD Partners from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a report on Saturday, January 6th. B. Riley set a $11.00 target price on USD Partners and gave the company a “neutral” rating in a report on Monday, December 18th. Finally, TheStreet upgraded USD Partners from a “c” rating to a “b-” rating in a report on Monday, October 9th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $13.67.
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About USD Partners
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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