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

Equities research analysts at StockNews.com assumed coverage on shares of USD Partners (NYSE:USDP) in a report released on Friday. The firm set a “hold” rating on the transportation company’s stock.

USD Partners Stock Up 2.6 %

Shares of USD Partners stock opened at $0.04 on Friday. USD Partners has a fifty-two week low of $0.01 and a fifty-two week high of $0.80. The business’s fifty day moving average is $0.05 and its two-hundred day moving average is $0.04. The firm has a market cap of $1.32 million, a PE ratio of -0.04 and a beta of 1.14.

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. 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.