USD Partners (USDP) Upgraded to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of USD Partners (NYSE:USDP) from a hold rating to a buy rating in a research report sent to investors on Friday. Zacks Investment Research currently has $12.00 price target on the transportation company’s stock.

According to Zacks, “USD Partners LP acquires, develops and operates energy-related rail terminals and other and complementary midstream infrastructure assets and businesses. Its assets consist primarily of an origination crude-by-rail terminal in Hardisty, Alberta, Canada and two destination unit train-capable ethanol rail terminals in San Antonio, Texas, and West Colton, California. The Company also provides railcar services. USD Partners LP is headquartered in Houston, Texas. “

Other equities research analysts also recently issued reports about the stock. ValuEngine upgraded shares of USD Partners from a strong sell rating to a sell rating in a research note on Friday, October 19th. B. Riley set a $14.00 target price on shares of USD Partners and gave the company a buy rating in a research note on Thursday, August 16th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. USD Partners currently has an average rating of Hold and an average price target of $13.00.

USDP remained flat at $$10.46 during trading on Friday. 69,092 shares of the company’s stock traded hands, compared to its average volume of 47,865. The firm has a market capitalization of $279.02 million, a P/E ratio of 11.89 and a beta of 0.44. USD Partners has a 52 week low of $9.15 and a 52 week high of $12.00. The company has a current ratio of 2.41, a quick ratio of 2.18 and a debt-to-equity ratio of 2.65.

USD Partners (NYSE:USDP) last announced its earnings results on Tuesday, August 7th. The transportation company reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.01). The firm had revenue of $29.58 million during the quarter, compared to analyst estimates of $31.29 million. USD Partners had a net margin of 18.31% and a return on equity of 30.02%. As a group, research analysts anticipate that USD Partners will post 0.91 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 14th. Shareholders of record on Tuesday, November 6th will be paid a $0.357 dividend. This represents a $1.43 annualized dividend and a yield of 13.65%. This is an increase from USD Partners’s previous quarterly dividend of $0.36. The ex-dividend date is Monday, November 5th. USD Partners’s dividend payout ratio (DPR) is 162.50%.

Several large investors have recently bought and sold shares of the company. HITE Hedge Asset Management LLC lifted its stake in shares of USD Partners by 227.0% during the second quarter. HITE Hedge Asset Management LLC now owns 216,787 shares of the transportation company’s stock worth $2,330,000 after buying an additional 150,499 shares during the period. Intrinsic Edge Capital Management LLC acquired a new stake in shares of USD Partners during the second quarter worth $753,000. Arrow Investment Advisors LLC acquired a new stake in shares of USD Partners during the second quarter worth $491,000. Renaissance Technologies LLC acquired a new stake in shares of USD Partners during the second quarter worth $292,000. Finally, Usca Ria LLC acquired a new stake in shares of USD Partners during the third quarter worth $222,000. Institutional investors and hedge funds own 26.03% 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 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.

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