USD Partners (USDP) Raised to “Buy” at Zacks Investment Research

USD Partners (NYSE:USDP) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday. The brokerage presently has a $13.00 price objective on the transportation company’s stock. Zacks Investment Research‘s price objective points to a potential upside of 12.55% from the stock’s previous close.

According to Zacks, “USD Partners LP acquires, develops and operates energy-related rail terminals and other and complementary midstream infrastructure assets and businesses. Its assets consist primarily of an origination crude-by-rail terminal in Hardisty, Alberta, Canada and two destination unit train-capable ethanol rail terminals in San Antonio, Texas, and West Colton, California. The Company also provides railcar services. USD Partners LP is headquartered in Houston, Texas. “

Several other research firms have also commented on USDP. BidaskClub raised USD Partners from a “sell” rating to a “hold” rating in a research report on Thursday, September 14th. TheStreet raised USD Partners from a “c” rating to a “b-” rating in a research report on Monday, October 9th. ValuEngine raised USD Partners from a “buy” rating to a “strong-buy” rating in a research report on Monday, December 4th. Finally, B. Riley set a $11.00 price objective on USD Partners and gave the company a “neutral” rating in a research report on Monday, December 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. USD Partners has an average rating of “Buy” and an average price target of $13.67.

Shares of USD Partners (NYSE:USDP) traded down $0.20 on Friday, hitting $11.55. The company had a trading volume of 20,542 shares, compared to its average volume of 52,521. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 2.50. The stock has a market cap of $309.71, a price-to-earnings ratio of 11.79 and a beta of 0.95. USD Partners has a twelve month low of $9.00 and a twelve month high of $16.50.

A number of large investors have recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership acquired a new stake in shares of USD Partners during the second quarter valued at about $165,000. Institutional & Family Asset Management LLC acquired a new stake in shares of USD Partners during 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 valued at $9,488,000 after acquiring an additional 242,350 shares in the last quarter. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of USD Partners during the second quarter valued at about $20,960,000. 27.01% of the stock is currently owned by institutional investors.

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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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