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. “
Separately, ValuEngine raised USD Partners from a sell rating to a hold rating in a research note on Monday, February 4th.
USD Partners (NYSE:USDP) last posted its earnings results on Thursday, March 7th. The transportation company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.12). USD Partners had a return on equity of 27.70% and a net margin of 17.72%. The business had revenue of $30.33 million for the quarter. On average, analysts predict that USD Partners will post 0.89 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, May 7th will be paid a dividend of $0.3625 per share. This is a boost from USD Partners’s previous quarterly dividend of $0.36. This represents a $1.45 annualized dividend and a dividend yield of 13.69%. The ex-dividend date of this dividend is Monday, May 6th. USD Partners’s dividend payout ratio (DPR) is currently 188.31%.
Institutional investors and hedge funds have recently modified their holdings of the company. Tortoise Index Solutions LLC grew its stake in shares of USD Partners by 81.1% during the 4th quarter. Tortoise Index Solutions LLC now owns 4,005 shares of the transportation company’s stock worth $42,000 after acquiring an additional 1,794 shares in the last quarter. Citigroup Inc. bought a new position in shares of USD Partners during the 4th quarter worth approximately $53,000. Barclays PLC bought a new position in shares of USD Partners during the 4th quarter worth approximately $76,000. LPL Financial LLC bought a new position in shares of USD Partners during the 4th quarter worth approximately $158,000. Finally, First Republic Investment Management Inc. grew its stake in shares of USD Partners by 8.0% during the 1st quarter. First Republic Investment Management Inc. now owns 17,530 shares of the transportation company’s stock worth $190,000 after acquiring an additional 1,301 shares in the last quarter. 21.49% of the stock is 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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