StockNews.com Initiates Coverage on USD Partners (NYSE:USDP)
by Sarita Garza · The Markets DailyEquities research analysts at StockNews.com started coverage on shares of USD Partners (NYSE:USDP – Get Free Report) in a note issued to investors on Sunday. The brokerage set a “hold” rating on the transportation company’s stock.
USD Partners Price Performance
Shares of NYSE USDP opened at $0.03 on Friday. The company has a 50 day simple moving average of $0.03 and a 200 day simple moving average of $0.08. The firm has a market cap of $911,898.00, a PE ratio of 0.12 and a beta of 0.69. USD Partners has a 1 year low of $0.01 and a 1 year high of $0.80.
USD Partners (NYSE:USDP – Get Free Report) last issued its quarterly earnings data 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 for the quarter.
About USD Partners
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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