USD Partners LP (NYSE:USDP) has been downgraded to Neutral in a statement by Janney Montgomery Scott earlier today.
- Updated: October 17, 2016
Just yesterday USD Partners LP (NYSE:USDP) traded 4.29% higher at $14.00. USD Partners LP’s 50-day moving average is $12.47 and its 200-day moving average is $10.79. The last stock price is up 35.25% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 85,840 shares of USDP traded hands, up from an average trading volume of 32,260
Janney Montgomery Scott has downgraded USD Partners LP (NYSE:USDP) to Neutral in a report released on Monday October 17, 2016.
Recent Performance Chart
USD Partners LP has 52 week low of $4.72 and a 52 week high of $14.60 with a PE ratio of 16.63 and has a market capitalization of $0.
Brief Synopsis On USD Partners LP (NYSE:USDP)
USD Partners LP (USD Partners) is a fee-based, master limited partnership formed by US Development Group LLC (USD) to acquire, develop and operate energy-related logistics assets, including rail terminals and other midstream infrastructure. The Company conducts its business through two segments: Terminalling services and Fleet services. Its Terminalling services segment consists operations of Hardisty terminal, Casper terminal and Ethanol terminals. The Fleet services segment provides railcars and fleet services related to the transportation of liquid hydrocarbons and biofuels by rail. Its fleet consists of approximately 3,310 railcars, which it leased from various railcar manufacturers and financial entities. The Company's principal assets consist of a crude oil origination terminal in Hardisty, Alberta, Canada; a crude oil terminal in Casper, Wyoming, and two unit train-capable ethanol destination terminals in San Antonio, Texas and West Colton, California.
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