Other equities research analysts also recently issued reports about the stock. TheStreet downgraded shares of USD Partners from a b- rating to a c+ rating in a report on Friday, May 10th. Zacks Investment Research raised shares of USD Partners from a strong sell rating to a hold rating in a report on Thursday, May 9th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. USD Partners presently has a consensus rating of Buy and an average price target of $13.00.
USDP opened at $11.18 on Thursday. The stock has a market cap of $301.45 million, a P/E ratio of 14.52 and a beta of 0.43. The company has a debt-to-equity ratio of 3.49, a current ratio of 0.84 and a quick ratio of 0.84. USD Partners has a fifty-two week low of $9.15 and a fifty-two week high of $11.75.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, May 7th were issued a dividend of $0.3625 per share. The ex-dividend date was Monday, May 6th. This is an increase from USD Partners’s previous quarterly dividend of $0.36. This represents a $1.45 annualized dividend and a yield of 12.97%. USD Partners’s dividend payout ratio is 188.31%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tortoise Index Solutions LLC lifted its holdings in USD Partners by 81.1% during the fourth quarter. Tortoise Index Solutions LLC now owns 4,005 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 1,794 shares during the last quarter. Citigroup Inc. purchased a new stake in shares of USD Partners in the fourth quarter worth about $53,000. Ladenburg Thalmann Financial Services Inc. purchased a new stake in shares of USD Partners in the first quarter worth about $54,000. Barclays PLC purchased a new stake in shares of USD Partners in the fourth quarter worth about $76,000. Finally, LPL Financial LLC purchased a new stake in shares of USD Partners in the fourth quarter worth about $158,000. 20.28% of the stock is currently owned by institutional investors and hedge funds.
About USD Partners
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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