StockNews.com Initiates Coverage on USD Partners (NYSE:USDP)

Equities research analysts at StockNews.com initiated coverage on shares of USD Partners (NYSE:USDP) in a research report issued to clients and investors on Thursday. The brokerage set a “hold” rating on the transportation company’s stock.

USD Partners Stock Performance

Shares of USD Partners stock opened at $0.05 on Thursday. The firm has a market cap of $1.55 million, a P/E ratio of 0.21 and a beta of 0.74. The firm’s 50-day simple moving average is $0.10 and its 200-day simple moving average is $0.14. USD Partners has a twelve month low of $0.02 and a twelve month high of $0.89.

USD Partners (NYSE:USDP) last announced its quarterly earnings results on Tuesday, May 7th. The transportation company reported ($0.26) EPS for the quarter. The business had revenue of $9.76 million for the quarter.

USD Partners Company Profile

USD Partners LP acquires, develops, and operates midstream infrastructure assets and logistics solutions for crude oil, biofuels, and other energy-related products in the United States and Canada. It operates through two segments, Terminalling Services and Fleet Services. 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; Stroud terminal, a crude oil destination terminal, which is used to facilitate rail-to-pipeline shipments of crude oil located in Stroud, Oklahoma; Casper terminal, a crude oil storage, blending, and railcar loading terminal located in Casper, Wyoming; and West Colton Terminal, an unit train-capable destination terminals that trans load approximately 13,000 barrels per day ethanol and renewable diesel received by rail from producers onto trucks.