USD Partners LP (NYSE:USDP) was downgraded by investment analysts at Janney Montgomery Scott from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Monday. The analysts noted that the move was a valuation call.
USDP has been the topic of a number of other research reports. Zacks Investment Research upgraded USD Partners from a “strong sell” rating to a “hold” rating in a research note on Saturday, July 9th. FBR & Co started coverage on USD Partners in a research note on Friday, September 9th. They issued an “outperform” rating and a $18.00 price target on the stock. DA Davidson started coverage on USD Partners in a research note on Thursday, October 6th. They issued a “buy” rating and a $15.00 price target on the stock. Finally, Citigroup Inc. lifted their price target on USD Partners from $10.50 to $11.50 and gave the company a “neutral” rating in a research note on Monday, August 8th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $14.70.
USD Partners (NYSE:USDP) opened at 14.15 on Monday. The firm has a market cap of $327.60 million, a price-to-earnings ratio of 16.12 and a beta of 1.13. USD Partners has a 1-year low of $4.72 and a 1-year high of $14.60. The firm has a 50-day moving average price of $12.53 and a 200 day moving average price of $10.84.
A number of hedge funds and other institutional investors have recently made changes to their positions in USDP. Evergreen Capital Management LLC increased its position in shares of USD Partners by 0.4% in the second quarter. Evergreen Capital Management LLC now owns 763,885 shares of the company’s stock worth $7,364,000 after buying an additional 3,250 shares in the last quarter. GSA Capital Partners LLP increased its position in shares of USD Partners by 91.8% in the second quarter. GSA Capital Partners LLP now owns 26,083 shares of the company’s stock worth $251,000 after buying an additional 12,483 shares in the last quarter. Creative Planning increased its position in shares of USD Partners by 45.9% in the third quarter. Creative Planning now owns 15,878 shares of the company’s stock worth $197,000 after buying an additional 4,995 shares in the last quarter. Finally, Financial Counselors Inc. acquired a new position in shares of USD Partners during the second quarter worth about $142,000.
About USD Partners
USD Partners LP (USD Partners) is a fee-based, master limited partnership formed by US Development Group LLC (USD) to acquire, develop and operate energy-related logistics assets, including rail terminals and other midstream infrastructure. The Company conducts its business through two segments: Terminalling services and Fleet services.
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