USD Partners (NYSE:USDP) Lifted to “Sell” at ValuEngine

ValuEngine upgraded shares of USD Partners (NYSE:USDP) from a strong sell rating to a sell rating in a report issued on Thursday, ValuEngine reports.

USDP has been the topic of several other reports. Zacks Investment Research cut shares of USD Partners from a hold rating to a sell rating in a research note on Wednesday, August 7th. Bank of America upgraded shares of USD Partners from a neutral rating to a buy rating and increased their target price for the stock from $12.00 to $13.00 in a research note on Monday, July 1st.

NYSE USDP traded down $0.12 on Thursday, hitting $9.60. The stock had a trading volume of 2,263 shares, compared to its average volume of 38,099. USD Partners has a 52-week low of $9.36 and a 52-week high of $11.95. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.97 and a current ratio of 1.06. The company has a market capitalization of $263.73 million, a price-to-earnings ratio of 12.77 and a beta of 0.46. The firm has a 50-day moving average of $10.22 and a 200-day moving average of $10.87.

USD Partners (NYSE:USDP) last posted its earnings results on Tuesday, August 6th. The transportation company reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.13). USD Partners had a return on equity of 15.26% and a net margin of 8.84%. The firm had revenue of $26.82 million during the quarter.

A number of hedge funds and other institutional investors have recently bought and sold shares of USDP. BNP Paribas Arbitrage SA increased its holdings in shares of USD Partners by 56,200.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,378 shares of the transportation company’s stock worth $38,000 after buying an additional 3,372 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of USD Partners by 33.3% in the 2nd quarter. Wells Fargo & Company MN now owns 340,622 shares of the transportation company’s stock worth $3,850,000 after buying an additional 85,185 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of USD Partners by 5.1% in the 2nd quarter. Bank of America Corp DE now owns 870,674 shares of the transportation company’s stock worth $9,830,000 after buying an additional 41,961 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of USD Partners by 49.3% in the 2nd quarter. Renaissance Technologies LLC now owns 91,800 shares of the transportation company’s stock worth $1,036,000 after buying an additional 30,300 shares during the last quarter. Finally, Griffin Asset Management Inc. bought a new position in shares of USD Partners in the 2nd quarter worth $62,000. Institutional investors and hedge funds own 20.64% of the company’s stock.

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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