StockNews.com Initiates Coverage on USD Partners (NYSE:USDP)

StockNews.com started coverage on shares of USD Partners (NYSE:USDP) in a research report issued on Sunday. The brokerage set a “hold” rating on the transportation company’s stock.

USD Partners Stock Down 28.0 %

USDP stock opened at $0.02 on Friday. The business has a 50 day moving average price of $0.05 and a 200 day moving average price of $0.04. The stock has a market cap of $658,593.00, a price-to-earnings ratio of -0.02 and a beta of 1.14. USD Partners has a fifty-two week low of $0.01 and a fifty-two week high of $0.80.

USD Partners (NYSE:USDP) last issued its quarterly earnings data on Tuesday, November 12th. The transportation company reported ($0.39) earnings per share for the quarter. The firm had revenue of $9.09 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.