USD Partners (NYSE:USDP) Announces Quarterly Earnings Results

USD Partners (NYSE:USDP) released its quarterly earnings data on Tuesday. The transportation company reported ($0.26) earnings per share for the quarter, reports. The business had revenue of $9.76 million for the quarter.

USD Partners Stock Performance

Shares of USD Partners stock opened at $0.12 on Thursday. The firm has a market capitalization of $4.05 million, a P/E ratio of 0.22 and a beta of 0.76. The business’s fifty day simple moving average is $0.14 and its 200 day simple moving average is $0.19. USD Partners has a 12 month low of $0.05 and a 12 month high of $1.75.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on USD Partners in a research note on Tuesday. They issued a “hold” rating for the company.

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.