Will Usd Partners Lpunits Representing Limited (NYSE:USDP) Run Out of Steam Soon? Short Interest Is Down

March 14, 2018 - By Stephen Andrade

 Will Usd Partners Lpunits Representing Limited (NYSE:USDP) Run Out of Steam Soon? Short Interest Is Down

The stock of Usd Partners Lpunits Representing Limited (NYSE:USDP) registered a decrease of 27.78% in short interest. USDP’s total short interest was 57,200 shares in March as published by FINRA. Its down 27.78% from 79,200 shares, reported previously. With 31,200 shares average volume, it will take short sellers 2 days to cover their USDP’s short positions. The short interest to Usd Partners Lpunits Representing Limited’s float is 0.42%.

It closed at $11.2 lastly. It is down 27.53% since March 14, 2017 and is uptrending. It has outperformed by 10.83% the S&P500.

USD Partners LP acquires, develops, and operates energy-related rail terminals and other midstream infrastructure assets in the United States and Canada. The company has market cap of $295.23 million. The firm operates through two divisions, Terminalling Services and Fleet Services. It has a 12.98 P/E ratio. 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; 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.

USD Partners LP (NYSE:USDP) Ratings Coverage

Among 4 analysts covering USD Partners LP (NYSE:USDP), 0 have Buy rating, 0 Sell and 4 Hold. Therefore 0 are positive. USD Partners LP had 13 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was downgraded by Janney Capital to “Neutral” on Tuesday, October 18. The firm has “Outperform” rating by FBR Capital given on Friday, September 9. Citigroup maintained USD Partners LP (NYSE:USDP) rating on Tuesday, March 29. Citigroup has “Buy” rating and $10.50 target. As per Friday, May 5, the company rating was maintained by FBR Capital. The rating was downgraded by Citigroup on Thursday, May 26 to “Neutral”. As per Tuesday, July 21, the company rating was downgraded by Barclays Capital. Bank of America upgraded USD Partners LP (NYSE:USDP) on Monday, February 5 to “Neutral” rating. FBR Capital maintained USD Partners LP (NYSE:USDP) rating on Monday, November 7. FBR Capital has “Outperform” rating and $17 target. The firm earned “Underperform” rating on Friday, February 3 by Bank of America. The stock of USD Partners LP (NYSE:USDP) has “Neutral” rating given on Tuesday, December 19 by B. Riley & Co.

More notable recent USD Partners LP (NYSE:USDP) news were published by: Seekingalpha.com which released: “USD Partners’ (USDP) CEO Dan Borgen on Q3 2017 Results – Earnings Call Transcript” on November 08, 2017, also Seekingalpha.com with their article: “USD Partners’ Distribution Train Set For Derailment; $0 Target” published on September 07, 2017, Businesswire.com published: “USD Partners Announces Acquisition of Crude Oil Destination Terminal in Stroud …” on June 05, 2017. More interesting news about USD Partners LP (NYSE:USDP) were released by: Businesswire.com and their article: “USD Partners to Attend 2018 Barclays MLP Corporate Access Days in New York City” published on February 22, 2018 as well as Businesswire.com‘s news article titled: “USD Partners LP Announces Annual Report on Form 10-K for the Year Ended …” with publication date: March 12, 2018.

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