ValuEngine Lowers USD Partners (USDP) to Strong Sell

ValuEngine cut shares of USD Partners (NYSE:USDP) from a sell rating to a strong sell rating in a research note issued to investors on Tuesday morning.

Several other equities analysts have also weighed in on USDP. Bank of America raised USD Partners from an underperform rating to a neutral rating in a research note on Friday, February 2nd. B. Riley set a $11.00 target price on USD Partners and gave the company a hold rating in a research note on Friday, March 9th. Finally, Zacks Investment Research lowered USD Partners from a hold rating to a sell rating in a research note on Wednesday, March 14th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. USD Partners presently has a consensus rating of Hold and a consensus target price of $12.00.

USD Partners opened at $10.95 on Tuesday, MarketBeat Ratings reports. USD Partners has a 1-year low of $9.00 and a 1-year high of $14.43. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 2.53. The stock has a market capitalization of $285.98 million, a price-to-earnings ratio of 12.44 and a beta of 0.81.

USD Partners (NYSE:USDP) last released its earnings results on Friday, March 9th. The transportation company reported $0.14 earnings per share for the quarter, missing the 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 company had revenue of $27.61 million during the quarter, compared to analyst estimates of $30.06 million. research analysts anticipate that USD Partners will post 1.11 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, May 11th. Stockholders of record on Monday, May 7th were given a dividend of $0.3525 per share. The ex-dividend date was Friday, May 4th. This represents a $1.41 dividend on an annualized basis and a dividend yield of 12.88%. This is a positive change from USD Partners’s previous quarterly dividend of $0.35. USD Partners’s dividend payout ratio (DPR) is currently 160.23%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Meridian Wealth Management LLC acquired a new stake in shares of USD Partners during the first quarter worth about $382,000. Brookfield Asset Management Inc. acquired a new stake in shares of USD Partners during the fourth quarter worth about $10,893,000. Finally, Center Coast Capital Advisors LP acquired a new stake in shares of USD Partners during the fourth quarter worth about $10,893,000. 30.46% of the stock is currently owned by institutional investors.

About USD Partners

USD Partners LP acquires, develops, and operates midstream infrastructure assets and logistics solutions for crude oil, biofuels, and other energy-related products in the United States and Canada. The company operates through Terminalling Services and Fleet Services segments. The Terminalling Services segment owns and operates Hardisty terminal, an origination terminal for loading various grades of Canadian crude oil onto railcars for transportation to end markets; Stroud terminal, a crude oil destination terminal, which is used to facilitate rail-to-pipeline shipments of crude oil located in Stroud, Oklahoma; Casper terminal, a crude oil storage, blending, and railcar loading terminal located in Casper, Wyoming; and terminals in San Antonio, Texas and West Colton, California, which are unit train-capable destination terminals that transload ethanol received by rail from producers onto trucks.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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