USD Partners LP (NYSE:USDP) Releases Quarterly Earnings Results, Beats Expectations By $0.17 EPS

USD Partners LP (NYSE:USDP) released its earnings results on Tuesday, August 8th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.17, reports. USD Partners had a net margin of 21.37% and a return on equity of 42.91%. The firm had revenue of $26.99 million during the quarter, compared to the consensus estimate of $27.63 million.

Shares of USD Partners (USDP) traded up 0.48% on Friday, reaching $10.55. 139,670 shares of the company’s stock were exchanged. The company has a market capitalization of $278.09 million, a P/E ratio of 9.36 and a beta of 1.03. The firm’s 50 day moving average price is $11.35 and its 200-day moving average price is $12.74. USD Partners has a 12 month low of $9.85 and a 12 month high of $17.50.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 11th. Shareholders of record on Monday, August 7th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 12.89%. This is a boost from USD Partners’s previous quarterly dividend of $0.34. The ex-dividend date was Thursday, August 3rd. USD Partners’s payout ratio is 110.57%.

USDP has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of USD Partners from a “hold” rating to a “strong-buy” rating and set a $14.00 target price for the company in a report on Thursday, August 3rd. ValuEngine downgraded shares of USD Partners from a “strong-buy” rating to a “buy” rating in a report on Friday, June 9th. TheStreet upgraded shares of USD Partners from a “d” rating to a “c” rating in a report on Wednesday, May 17th. FBR & Co restated a “buy” rating on shares of USD Partners in a report on Thursday, May 4th. Finally, BidaskClub downgraded shares of USD Partners from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. USD Partners presently has an average rating of “Hold” and a consensus target price of $15.33.

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In related news, insider G Stacy Smith purchased 13,500 shares of the stock in a transaction on Tuesday, August 15th. The shares were bought at an average price of $10.83 per share, for a total transaction of $146,205.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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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