USD Partners LP (USDP) Receives $11.00 Consensus Target Price from Analysts

USD Partners LP (NYSE:USDP) has received an average recommendation of “Hold” from the seven analysts that are covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $11.00.

Several analysts have issued reports on the stock. TheStreet raised shares of USD Partners from a “c” rating to a “b-” rating in a report on Monday, October 9th. BidaskClub raised shares of USD Partners from a “hold” rating to a “buy” rating in a report on Tuesday, October 17th. Zacks Investment Research raised shares of USD Partners from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a report on Saturday, January 6th. ValuEngine downgraded shares of USD Partners from a “strong-buy” rating to a “buy” rating in a report on Friday. Finally, Bank of America raised shares of USD Partners from an “underperform” rating to a “neutral” rating in a report on Friday.

USD Partners (NYSE:USDP) traded up $0.18 during mid-day trading on Friday, reaching $11.43. 10,863 shares of the company were exchanged, compared to its average volume of 39,278. The stock has a market capitalization of $296.53, a P/E ratio of 11.48 and a beta of 0.87. USD Partners has a 52-week low of $9.00 and a 52-week high of $15.86. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 2.50.

USD Partners (NYSE:USDP) last released its quarterly earnings data on Wednesday, November 8th. The transportation company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). USD Partners had a return on equity of 35.73% and a net margin of 19.98%. analysts predict that USD Partners will post 1.09 earnings per share for the current year.

The firm also recently declared a dividend, which will be paid on Friday, February 16th. Shareholders of record on Monday, February 12th will be issued a $0.35 dividend. This represents a dividend yield of 0.0311111111111111%. The ex-dividend date is Friday, February 9th. USD Partners’s dividend payout ratio (DPR) is presently 140.82%.

Several large investors have recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership acquired a new position in shares of USD Partners in the second quarter valued at approximately $165,000. Institutional & Family Asset Management LLC acquired a new position in shares of USD Partners in the third quarter valued at approximately $271,000. Evergreen Capital Management LLC raised its position in shares of USD Partners by 39.1% in the third quarter. Evergreen Capital Management LLC now owns 862,570 shares of the transportation company’s stock valued at $9,488,000 after buying an additional 242,350 shares during the last quarter. Center Coast Capital Advisors LP acquired a new position in shares of USD Partners in the fourth quarter valued at approximately $10,893,000. Finally, Goldman Sachs Group Inc. acquired a new position in shares of USD Partners in the second quarter valued at approximately $20,960,000. 27.02% of the stock is owned by institutional investors and hedge funds.

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About USD Partners

USD Partners LP acquires, develops and operates energy-related logistics assets, including rail terminals and other midstream infrastructure. The Company’s segments include Terminalling services and Fleet services. The Terminalling services segment consists of various operations, including Hardisty terminal, Casper terminal and Ethanol terminals.

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