StockNews.com Begins Coverage on USD Partners (NYSE:USDP)

StockNews.com began coverage on shares of USD Partners (NYSE:USDPFree Report) in a research report sent to investors on Thursday. The brokerage issued a hold rating on the transportation company’s stock.

USD Partners Stock Performance

USDP opened at $0.16 on Thursday. The company has a market capitalization of $5.57 million, a PE ratio of 4.12, a P/E/G ratio of 0.16 and a beta of 1.21. The stock’s fifty day moving average is $0.16 and its 200-day moving average is $0.42. USD Partners has a one year low of $0.09 and a one year high of $4.35.

USD Partners (NYSE:USDPGet Free Report) last issued its earnings results on Tuesday, November 7th. The transportation company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.03). USD Partners had a negative return on equity of 0.83% and a net margin of 0.82%. The company had revenue of $11.08 million during the quarter, compared to analyst estimates of $17.00 million. On average, equities research analysts forecast that USD Partners will post -0.16 EPS for the current fiscal year.

Hedge Funds Weigh In On USD Partners

Large investors have recently made changes to their positions in the business. Evergreen Capital Management LLC raised its holdings in USD Partners by 11.6% in the 1st quarter. Evergreen Capital Management LLC now owns 958,048 shares of the transportation company’s stock valued at $5,767,000 after acquiring an additional 99,575 shares in the last quarter. JPMorgan Chase & Co. grew its position in USD Partners by 63.9% during the 1st quarter. JPMorgan Chase & Co. now owns 512,198 shares of the transportation company’s stock worth $3,083,000 after acquiring an additional 199,696 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its position in USD Partners by 5.5% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 345,340 shares of the transportation company’s stock worth $1,091,000 after acquiring an additional 17,929 shares during the last quarter. Bank of America Corp DE grew its position in USD Partners by 6.9% during the 1st quarter. Bank of America Corp DE now owns 136,097 shares of the transportation company’s stock worth $820,000 after acquiring an additional 8,749 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC lifted its holdings in USD Partners by 201.3% during the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 30,227 shares of the transportation company’s stock worth $182,000 after buying an additional 20,194 shares in the last quarter. Institutional investors and hedge funds own 5.36% of the company’s stock.

USD Partners Company Profile

(Get Free Report)

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. It 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 West Colton Terminal, an unit train-capable destination terminals that trans load approximately 13,000 barrels per day ethanol and renewable diesel received by rail from producers onto trucks.

Further Reading

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