USD Partners (NYSE:USDP) Share Price Passes Above Fifty Day Moving Average of $5.50

USD Partners LP (NYSE:USDPGet Rating)’s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $5.50 and traded as high as $5.70. USD Partners shares last traded at $5.52, with a volume of 19,561 shares traded.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of USD Partners from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 21st.

USD Partners Price Performance

The business’s 50 day moving average is $5.50 and its two-hundred day moving average is $5.78. The firm has a market capitalization of $184.25 million, a PE ratio of 6.81, a P/E/G ratio of 1.97 and a beta of 1.12. The company has a debt-to-equity ratio of 6.40, a current ratio of 1.04 and a quick ratio of 0.98.

USD Partners (NYSE:USDPGet Rating) last announced its earnings results on Thursday, May 5th. The transportation company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.17. The business had revenue of $30.13 million for the quarter, compared to the consensus estimate of $30.31 million. USD Partners had a net margin of 19.01% and a return on equity of 118.08%. As a group, research analysts anticipate that USD Partners LP will post 0.75 EPS for the current year.

USD Partners Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 12th. Shareholders of record on Wednesday, August 3rd will be paid a dividend of $0.1235 per share. The ex-dividend date is Tuesday, August 2nd. This is an increase from USD Partners’s previous quarterly dividend of $0.12. This represents a $0.49 annualized dividend and a dividend yield of 8.95%. USD Partners’s dividend payout ratio (DPR) is 60.49%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in USDP. JPMorgan Chase & Co. increased its stake in shares of USD Partners by 63.9% in the first quarter. JPMorgan Chase & Co. now owns 512,198 shares of the transportation company’s stock worth $3,083,000 after buying an additional 199,696 shares during the period. Evergreen Capital Management LLC increased its stake in shares of USD Partners by 11.6% in the first quarter. Evergreen Capital Management LLC now owns 958,048 shares of the transportation company’s stock worth $5,767,000 after buying an additional 99,575 shares during the period. B. Riley Wealth Management Inc. increased its stake in shares of USD Partners by 56.5% in the fourth quarter. B. Riley Wealth Management Inc. now owns 85,597 shares of the transportation company’s stock worth $453,000 after buying an additional 30,913 shares during the period. BNP Paribas Arbitrage SA purchased a new position in shares of USD Partners in the first quarter worth $147,000. Finally, U.S. Capital Wealth Advisors LLC increased its stake in shares of USD Partners by 201.3% in the first quarter. U.S. Capital Wealth Advisors LLC now owns 30,227 shares of the transportation company’s stock worth $182,000 after buying an additional 20,194 shares during the period. 11.54% of the stock is owned by hedge funds and other institutional investors.

USD Partners Company Profile

(Get Rating)

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. The company 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.

See Also

Want More Great Investing Ideas?

Receive News & Ratings for USD Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for USD Partners and related companies with MarketBeat.com's FREE daily email newsletter.