B. Riley set a $11.00 price objective on USD Partners (NYSE:USDP) in a research report sent to investors on Tuesday morning. The brokerage currently has a hold rating on the transportation company’s stock.
Other equities analysts also recently issued research reports about the stock. ValuEngine downgraded shares of USD Partners from a strong-buy rating to a buy rating in a research note on Friday, February 2nd. Bank of America raised shares of USD Partners from an underperform rating to a neutral rating in a research note on Friday, February 2nd. Finally, Zacks Investment Research lowered shares of USD Partners from a hold rating to a sell rating in a report on Wednesday, March 14th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The stock currently has an average rating of Hold and an average target price of $12.00.
Shares of USD Partners opened at $11.00 on Tuesday, Marketbeat reports. The company has a quick ratio of 0.85, a current ratio of 1.82 and a debt-to-equity ratio of 2.53. The company has a market cap of $293.89 million, a price-to-earnings ratio of 11.74 and a beta of 0.81.
USD Partners (NYSE:USDP) last issued its earnings results on Friday, March 9th. The transportation company reported $0.14 EPS for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.13). USD Partners had a net margin of 20.74% and a return on equity of 32.18%. The business had revenue of $27.61 million during the quarter, compared to analysts’ expectations of $30.06 million. sell-side analysts forecast that USD Partners will post 1.11 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, May 11th. Investors of record on Monday, May 7th will be issued a dividend of $0.3525 per share. This represents a $1.41 dividend on an annualized basis and a yield of 12.82%. This is a positive change from USD Partners’s previous quarterly dividend of $0.35. The ex-dividend date is Friday, May 4th. USD Partners’s dividend payout ratio (DPR) is presently 160.23%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in USDP. Brookfield Asset Management Inc. acquired a new stake in USD Partners during the 4th quarter valued at $10,893,000. Center Coast Capital Advisors LP acquired a new stake in USD Partners during the 4th quarter valued at $10,893,000. Finally, Meridian Wealth Management LLC acquired a new stake in USD Partners during the 1st quarter valued at $382,000. 29.85% of the stock is owned by institutional investors and hedge funds.
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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