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

ValuEngine downgraded shares of USD Partners (NYSE:USDP) from a hold rating to a sell rating in a report issued on Monday, April 1st, ValuEngine reports.

Separately, Zacks Investment Research lowered shares of USD Partners from a strong-buy rating to a hold rating in a research report on Saturday, January 12th.

Shares of NYSE:USDP traded up $0.04 during trading on Monday, reaching $11.04. The stock had a trading volume of 200 shares, compared to its average volume of 66,077. The stock has a market capitalization of $296.57 million, a P/E ratio of 14.34 and a beta of 0.43. The company has a debt-to-equity ratio of 2.96, a quick ratio of 1.82 and a current ratio of 1.82. USD Partners has a one year low of $9.15 and a one year high of $11.75.

USD Partners (NYSE:USDP) last released its earnings results on Thursday, March 7th. The transportation company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.12). The company had revenue of $30.33 million during the quarter. USD Partners had a return on equity of 27.70% and a net margin of 17.72%. On average, research analysts forecast that USD Partners will post 0.89 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in USDP. EJF Capital LLC boosted its position in shares of USD Partners by 36.4% during the 3rd quarter. EJF Capital LLC now owns 75,000 shares of the transportation company’s stock valued at $724,000 after acquiring an additional 20,000 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of USD Partners by 272.3% during the 3rd quarter. Renaissance Technologies LLC now owns 101,275 shares of the transportation company’s stock valued at $977,000 after acquiring an additional 74,075 shares during the last quarter. Arrow Investment Advisors LLC boosted its position in shares of USD Partners by 10.4% during the 4th quarter. Arrow Investment Advisors LLC now owns 49,491 shares of the transportation company’s stock valued at $517,000 after acquiring an additional 4,647 shares during the last quarter. LPL Financial LLC acquired a new position in USD Partners in the fourth quarter valued at about $158,000. Finally, Usca Ria LLC lifted its position in USD Partners by 26.9% in the fourth quarter. Usca Ria LLC now owns 29,178 shares of the transportation company’s stock valued at $305,000 after buying an additional 6,178 shares during the last quarter. 21.49% of the stock is currently owned by institutional investors.

USD Partners Company Profile

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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