Bank of America upgraded shares of USD Partners (NYSE:USDP) from an underperform rating to a neutral rating in a report issued on Friday morning, Marketbeat Ratings reports.
Other analysts have also recently issued reports about the company. Zacks Investment Research cut USD Partners from a buy rating to a hold rating in a research report on Friday, January 12th. BidaskClub upgraded USD Partners from a hold rating to a buy rating in a research report on Tuesday, October 17th. ValuEngine cut USD Partners from a strong-buy rating to a buy rating in a research report on Friday. TheStreet upgraded USD Partners from a c rating to a b- rating in a research report on Monday, October 9th. Finally, B. Riley set a $11.00 price objective on USD Partners and gave the company a neutral rating in a research report on Monday, December 18th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $13.67.
USD Partners (USDP) opened at $11.40 on Friday. USD Partners has a 1-year low of $9.00 and a 1-year high of $15.86. The company has a market capitalization of $300.50, a P/E ratio of 12.39 and a beta of 0.87. 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 quarterly earnings results on Wednesday, November 8th. The transportation company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). USD Partners had a return on equity of 35.73% and a net margin of 19.98%. equities research analysts anticipate that USD Partners will post 1.09 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 16th. Shareholders of record on Monday, February 12th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 12.28%. This is a boost from USD Partners’s previous quarterly dividend of $0.35. The ex-dividend date is Friday, February 9th. USD Partners’s dividend payout ratio is 150.00%.
A number of large investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. bought a new stake in USD Partners in the second quarter valued at $20,960,000. Center Coast Capital Advisors LP bought a new stake in USD Partners in the fourth quarter valued at $10,893,000. Evergreen Capital Management LLC grew its position in USD Partners by 39.1% in the third quarter. Evergreen Capital Management LLC now owns 862,570 shares of the transportation company’s stock valued at $9,488,000 after acquiring an additional 242,350 shares during the period. Institutional & Family Asset Management LLC bought a new stake in USD Partners in the third quarter valued at $271,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in USD Partners in the second quarter valued at $165,000. Hedge funds and other institutional investors own 27.02% of the company’s stock.
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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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