Zacks Investment Research cut shares of USD Partners LP (NYSE:USDP) from a strong-buy rating to a hold rating in a research note published on Tuesday, October 3rd.

According to Zacks, “USD Partners LP acquires, develops and operates energy-related rail terminals and other and complementary midstream infrastructure assets and businesses. Its assets consist primarily of an origination crude-by-rail terminal in Hardisty, Alberta, Canada and two destination unit train-capable ethanol rail terminals in San Antonio, Texas, and West Colton, California. The Company also provides railcar services. USD Partners LP is headquartered in Houston, Texas. “

A number of other analysts also recently weighed in on USDP. ValuEngine downgraded USD Partners from a strong-buy rating to a buy rating in a report on Friday, June 9th. BidaskClub upgraded USD Partners from a strong sell rating to a sell rating in a report on Wednesday, July 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The company has an average rating of Hold and an average price target of $15.50.

USD Partners (NYSE USDP) traded up 3.17% on Tuesday, hitting $11.40. The stock had a trading volume of 121,345 shares. The company has a market capitalization of $300.49 million, a PE ratio of 10.12 and a beta of 1.01. USD Partners has a 12-month low of $9.00 and a 12-month high of $17.50. The company has a 50 day moving average of $10.76 and a 200 day moving average of $11.94.

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In other USD Partners news, insider Dan Borgen bought 5,000 shares of the stock in a transaction that occurred on Monday, September 11th. The shares were bought at an average price of $9.83 per share, for a total transaction of $49,150.00. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider G Stacy Smith bought 3,000 shares of the stock in a transaction that occurred on Friday, August 25th. The stock was acquired at an average price of $10.78 per share, for a total transaction of $32,340.00. The disclosure for this purchase can be found here. Insiders have bought a total of 36,350 shares of company stock worth $377,464 in the last three months.

A number of large investors have recently bought and sold shares of USDP. Renaissance Technologies LLC increased its stake in USD Partners by 10.3% in the 1st quarter. Renaissance Technologies LLC now owns 65,691 shares of the transportation company’s stock valued at $808,000 after buying an additional 6,125 shares during the last quarter. Bank of America Corp DE increased its stake in USD Partners by 31.1% in the 1st quarter. Bank of America Corp DE now owns 554,948 shares of the transportation company’s stock valued at $6,826,000 after buying an additional 131,521 shares during the last quarter. EJF Capital LLC increased its stake in USD Partners by 66.7% in the 1st quarter. EJF Capital LLC now owns 50,000 shares of the transportation company’s stock valued at $615,000 after buying an additional 20,000 shares during the last quarter. HITE Hedge Asset Management LLC purchased a new stake in USD Partners in the 2nd quarter valued at about $2,382,000. Finally, Evergreen Capital Management LLC increased its stake in USD Partners by 26.8% in the 2nd quarter. Evergreen Capital Management LLC now owns 620,220 shares of the transportation company’s stock valued at $6,946,000 after buying an additional 131,193 shares during the last quarter. Hedge funds and other institutional investors own 30.29% of the company’s stock.

USD Partners Company Profile

USD Partners LP acquires, develops and operates energy-related logistics assets, including rail terminals and other midstream infrastructure. The Company’s segments include Terminalling services and Fleet services. The Terminalling services segment consists of various operations, including Hardisty terminal, Casper terminal and Ethanol terminals.

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