USD Partners LP (NYSE:USDP) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 12, 2016
Having a price of $13.54, USD Partners LP (NYSE:USDP) traded 0.00% even on the day. With the last close up 27.93% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. USD Partners LP has recorded a 50-day average of $12.24 and a two hundred day average of $10.63. Volume of trade was down over the average, with 17,128 shares of USDP changing hands under the typical 31,480
Zacks Investment Research has upgraded USD Partners LP (NYSE:USDP) to Hold in a statement released on 10/12/2016.
With a total market value of $0, USD Partners LP has price-earnings ratio of 15.49 with a one year low of $4.72 and a one year high of $13.60 .
Brief Synopsis About 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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