USD Partners (NYSE:USDP) Research Coverage Started at StockNews.com

by · The Cerbat Gem

StockNews.com assumed coverage on shares of USD Partners (NYSE:USDP – Free Report) in a research note released on Saturday. The firm issued a hold rating on the transportation company’s stock.

USD Partners Price Performance

USDP opened at $0.02 on Friday. The stock’s 50 day simple moving average is $0.03 and its 200 day simple moving average is $0.08. USD Partners has a 1 year low of $0.01 and a 1 year high of $0.80. The firm has a market cap of $641,706.00, a price-to-earnings ratio of 0.09 and a beta of 0.69.

USD Partners (NYSE:USDP – Get Free Report) last posted its quarterly earnings results on Monday, August 12th. The transportation company reported ($0.36) earnings per share (EPS) for the quarter. The company had revenue of $8.88 million during the quarter.

USD Partners Company Profile

(Get Free Report)

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.

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