Stock Worth Mentioning: Could USD Partners LP See a Reversal After Breaking Its 52-Week High?

Stock Worth Mentioning: Could USD Partners LP See a Reversal After Breaking Its 52 Week High?

The stock of USD Partners LP (NYSE:USDP) hit a new 52-week high and has $19.39 target or 37.00% above today’s $14.15 share price. The 7 months bullish chart indicates low risk for the $328.14M company. The 1-year high was reported on Oct, 17 by Barchart.com. If the $19.39 price target is reached, the company will be worth $121.41M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 21,115 shares traded hands. USD Partners LP (NYSE:USDP) has risen 89.19% since March 14, 2016 and is uptrending. It has outperformed by 83.58% the S&P500.

Analysts await USD Partners LP (NYSE:USDP) to report earnings on November, 11. They expect $0.27 earnings per share, down 10.00% or $0.03 from last year’s $0.3 per share. USDP’s profit will be $6.26 million for 13.10 P/E if the $0.27 EPS becomes a reality. After $0.23 actual earnings per share reported by USD Partners LP for the previous quarter, Wall Street now forecasts 17.39% EPS growth.

USD Partners LP (NYSE:USDP) Ratings Coverage

Out of 2 analysts covering USD Partners LP (NYSE:USDP), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. $18 is the highest target while $10.50 is the lowest. The $13.50 average target is -4.59% below today’s ($14.15) stock price. USD Partners LP has been the topic of 6 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Tuesday, March 29 by Citigroup. On Tuesday, July 21 the stock rating was downgraded by Barclays Capital to “Equal Weight”. The rating was initiated by FBR Capital with “Outperform” on Friday, September 9. The rating was downgraded by Citigroup to “Neutral” on Thursday, May 26.

According to Zacks Investment Research, “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.”

More important recent USD Partners LP (NYSE:USDP) news were published by: Businesswire.com which released: “USD Partners LP Announces Second Quarter 2016 Results” on August 03, 2016, also Businesswire.com published article titled: “USD Partners Announces Fourth Consecutive Quarterly Distribution Increase to …”, Businesswire.com published: “USD Partners Announces Fifth Consecutive Quarterly Distribution Increase to $0 …” on July 28, 2016. More interesting news about USD Partners LP (NYSE:USDP) was released by: Seekingalpha.com and their article: “USD Partners’ (USDP) CEO Dan Borgen on Q2 2016 Results – Earnings Call Transcript” with publication date: August 07, 2016.

USDP Company Profile

USD Partners LP (USD Partners), incorporated on June 5, 2014, 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 Firm conducts its business through two divisions: Terminalling services and Fleet services. The Company’s principal assets consist of a crude oil origination terminal in Hardisty, Alberta, Canada; a crude oil terminal in Casper, Wyoming, and two unit train-capable ethanol destination terminals in San Antonio, Texas and West Colton, California.

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