USD Partners LP (NYSE:USDP) was the target of a large growth in short interest during the month of September. As of September 30th, there was short interest totalling 28,100 shares, a growth of 215.7% from the August 30th total of 8,900 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 46,700 shares, the days-to-cover ratio is currently 0.6 days.
USDP traded down $0.13 during trading on Friday, hitting $9.72. 28,061 shares of the stock were exchanged, compared to its average volume of 53,242. The firm has a market capitalization of $272.88 million, a P/E ratio of 12.62 and a beta of 0.46. USD Partners has a 1-year low of $9.36 and a 1-year high of $11.95. The stock has a fifty day moving average price of $10.22 and a two-hundred day moving average price of $10.87. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 4.07.
USD Partners (NYSE:USDP) last released its earnings results on Tuesday, August 6th. The transportation company reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.13). The company had revenue of $26.82 million during the quarter. USD Partners had a net margin of 8.84% and a return on equity of 15.26%.
Several institutional investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA boosted its stake in shares of USD Partners by 56,200.0% in the second quarter. BNP Paribas Arbitrage SA now owns 3,378 shares of the transportation company’s stock valued at $38,000 after buying an additional 3,372 shares in the last quarter. Griffin Asset Management Inc. purchased a new stake in shares of USD Partners in the second quarter valued at approximately $62,000. Renaissance Technologies LLC boosted its position in USD Partners by 49.3% during the second quarter. Renaissance Technologies LLC now owns 91,800 shares of the transportation company’s stock worth $1,036,000 after purchasing an additional 30,300 shares in the last quarter. Russell Investments Group Ltd. boosted its position in USD Partners by 138.8% during the second quarter. Russell Investments Group Ltd. now owns 66,669 shares of the transportation company’s stock worth $753,000 after purchasing an additional 38,756 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in USD Partners by 5.1% during the second quarter. Bank of America Corp DE now owns 870,674 shares of the transportation company’s stock worth $9,830,000 after purchasing an additional 41,961 shares in the last quarter. Hedge funds and other institutional investors own 20.64% of the company’s stock.
USDP has been the subject of a number of recent research reports. ValuEngine raised USD Partners from a “strong sell” rating to a “sell” rating in a research note on Thursday. Bank of America raised USD Partners from a “neutral” rating to a “buy” rating and raised their target price for the stock from $12.00 to $13.00 in a research note on Monday, July 1st. Finally, Zacks Investment Research downgraded USD Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, August 7th.
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. 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 terminals in San Antonio, Texas and West Colton, California, which are unit train-capable destination terminals that transload ethanol received by rail from producers onto trucks.
See Also: Return on Equity (ROE)
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