Equities research analysts expect that USD Partners LP (NYSE:USDP) will report earnings per share of $0.16 for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for USD Partners’ earnings. USD Partners reported earnings of $0.25 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 36%. The business is scheduled to report its next quarterly earnings report on Tuesday, August 6th.
According to Zacks, analysts expect that USD Partners will report full year earnings of $0.74 per share for the current year. For the next financial year, analysts forecast that the company will report earnings of $1.07 per share. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for USD Partners.
A number of research firms recently weighed in on USDP. ValuEngine upgraded shares of USD Partners from a “sell” rating to a “hold” rating in a report on Thursday, May 23rd. Zacks Investment Research upgraded shares of USD Partners from a “strong sell” rating to a “hold” rating in a report on Thursday, May 9th. Finally, TheStreet lowered shares of USD Partners from a “b-” rating to a “c+” rating in a report on Friday, May 10th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. USD Partners presently has an average rating of “Buy” and an average target price of $13.00.
Shares of USDP traded down $0.14 on Wednesday, reaching $10.85. The company’s stock had a trading volume of 28,687 shares, compared to its average volume of 58,404. The company has a debt-to-equity ratio of 3.49, a current ratio of 0.84 and a quick ratio of 0.84. USD Partners has a twelve month low of $9.15 and a twelve month high of $11.75. The firm has a market capitalization of $296.86 million, a PE ratio of 14.09 and a beta of 0.41.
The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, May 7th were given a dividend of $0.3625 per share. This is an increase from USD Partners’s previous quarterly dividend of $0.36. This represents a $1.45 dividend on an annualized basis and a dividend yield of 13.36%. The ex-dividend date of this dividend was Monday, May 6th. USD Partners’s dividend payout ratio is currently 188.31%.
Institutional investors have recently added to or reduced their stakes in the company. Tortoise Index Solutions LLC boosted its holdings in USD Partners by 81.1% in the 4th quarter. Tortoise Index Solutions LLC now owns 4,005 shares of the transportation company’s stock worth $42,000 after buying an additional 1,794 shares during the period. Citigroup Inc. bought a new position in USD Partners in the 4th quarter worth approximately $53,000. Ladenburg Thalmann Financial Services Inc. bought a new position in USD Partners in the 1st quarter worth approximately $54,000. Barclays PLC bought a new position in USD Partners in the 4th quarter worth approximately $76,000. Finally, LPL Financial LLC bought a new position in USD Partners in the 4th quarter worth approximately $158,000. 21.85% of the stock is owned by hedge funds and other 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 two segments, Terminalling Services and Fleet Services. 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.
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