The stock of USD Partners LP (NYSE:USDP) hit a new 52-week high and has $14.96 target or 8.00% above today’s $13.85 share price. The 9 months bullish chart indicates low risk for the $314.58 million company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $14.96 price target is reached, the company will be worth $25.17M 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. The stock decreased 4.48% or $0.65 on November 28, hitting $13.85. About 30,945 shares traded hands. USD Partners LP (NYSE:USDP) has risen 53.76% since April 25, 2016 and is uptrending. It has outperformed by 47.75% the S&P500.
Analysts await USD Partners LP (NYSE:USDP) to report earnings on March, 9. They expect $0.40 earnings per share, up 33.33% or $0.10 from last year’s $0.3 per share. USDP’s profit will be $9.09 million for 8.66 P/E if the $0.40 EPS becomes a reality. After $0.49 actual earnings per share reported by USD Partners LP for the previous quarter, Wall Street now forecasts -18.37% negative EPS growth.
USD Partners LP (NYSE:USDP) Ratings Coverage
Out of 3 analysts covering USD Partners LP (NYSE:USDP), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. USD Partners LP has been the topic of 8 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of USD Partners LP (NYSE:USDP) has “Equal Weight” rating given on Tuesday, July 21 by Barclays Capital. The firm has “Buy” rating by Citigroup given on Tuesday, March 29. Citigroup downgraded the stock to “Neutral” rating in Thursday, May 26 report. On Monday, November 7 the stock rating was maintained by FBR Capital with “Outperform”. The rating was downgraded by Janney Capital on Tuesday, October 18 to “Neutral”. FBR Capital initiated USD Partners LP (NYSE:USDP) rating on Friday, September 9. FBR Capital has “Outperform” rating and $18 price target.
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: Nasdaq.com which released: “USD Partners LP (USDP) Ex-Dividend Date Scheduled for November 03, 2016” on November 02, 2016, also Reuters.com published article titled: “BRIEF-USD Partners LP announces third quarter 2016 results”, Businesswire.com published: “USD Partners Announces Fourth Consecutive Quarterly Distribution Increase to …” on April 28, 2016. More interesting news about USD Partners LP (NYSE:USDP) was released by: Businesswire.com and their article: “USD Partners Announces Sixth Consecutive Quarterly Distribution Increase to $0 …” with publication date: October 27, 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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