USD Partners (USDP) Stock Rating Upgraded by ValuEngine
USD Partners (NYSE:USDP) was upgraded by ValuEngine from a “buy” rating to a “strong-buy” rating in a report released on Monday.
USDP has been the subject of several other reports. Zacks Investment Research downgraded USD Partners from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 3rd. BidaskClub upgraded USD Partners from a “hold” rating to a “buy” rating in a research note on Tuesday, October 17th. Finally, TheStreet upgraded USD Partners from a “c” rating to a “b-” rating in a research note on Monday, October 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $15.50.
USD Partners (USDP) traded up $0.05 during mid-day trading on Monday, hitting $10.05. The company had a trading volume of 14,634 shares, compared to its average volume of 60,314. The company has a debt-to-equity ratio of 2.50, a current ratio of 0.83 and a quick ratio of 0.83. The company has a market capitalization of $266.23, a P/E ratio of 10.20 and a beta of 0.95. USD Partners has a 12-month low of $9.00 and a 12-month high of $17.50.
In related news, insider Dan Borgen bought 5,000 shares of the business’s stock in a transaction on Friday, September 8th. The shares were bought at an average price of $9.19 per share, for a total transaction of $45,950.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider G Stacy Smith bought 9,850 shares of the business’s stock in a transaction on Wednesday, September 6th. The stock was bought at an average price of $10.54 per share, for a total transaction of $103,819.00. The disclosure for this purchase can be found here. Insiders acquired 19,850 shares of company stock worth $198,919 in the last quarter. 2.60% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Institutional & Family Asset Management LLC purchased a new position in USD Partners in the third quarter valued at about $271,000. Evergreen Capital Management LLC grew its stake in shares of USD Partners by 39.1% during the third quarter. Evergreen Capital Management LLC now owns 862,570 shares of the transportation company’s stock worth $9,488,000 after acquiring an additional 242,350 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of USD Partners during the second quarter worth about $165,000. Goldman Sachs Group Inc. purchased a new stake in shares of USD Partners during the second quarter worth about $20,960,000. Finally, HITE Hedge Asset Management LLC purchased a new stake in shares of USD Partners during the second quarter worth about $2,382,000. Institutional investors own 27.01% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This news story was originally reported by Watch List News and is owned by of Watch List News. If you are viewing this news story on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The legal version of this news story can be viewed at https://www.watchlistnews.com/usd-partners-usdp-stock-rating-upgraded-by-valuengine/1744027.html.
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.
Receive News & Ratings for USD Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for USD Partners LP and related companies with Analyst Ratings Network's FREE daily email newsletter.