$30.06 Million in Sales Expected for USD Partners LP (USDP) This Quarter

Wall Street brokerages predict that USD Partners LP (NYSE:USDP) will announce $30.06 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for USD Partners’ earnings, with the lowest sales estimate coming in at $30.00 million and the highest estimate coming in at $30.12 million. USD Partners reported sales of $28.55 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 5.3%. The firm is expected to report its next earnings results on Thursday, March 8th.

According to Zacks, analysts expect that USD Partners will report full-year sales of $30.06 million for the current fiscal year, with estimates ranging from $113.84 million to $114.00 million. For the next year, analysts forecast that the firm will report sales of $121.71 million per share, with estimates ranging from $120.00 million to $123.42 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for USD Partners.

A number of equities analysts have recently weighed in on the company. B. Riley set a $11.00 target price on USD Partners and gave the stock a “neutral” rating in a research note on Monday, December 18th. ValuEngine upgraded USD Partners from a “buy” rating to a “strong-buy” rating in a research note on Monday, December 4th. BidaskClub lowered USD Partners from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. TheStreet upgraded USD Partners from a “c” rating to a “b-” rating in a research note on Monday, October 9th. Finally, Zacks Investment Research lowered USD Partners from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $14.00.

USD Partners (NYSE USDP) traded up $0.15 on Monday, hitting $11.25. The stock had a trading volume of 58,500 shares, compared to its average volume of 59,904. USD Partners has a 52 week low of $9.00 and a 52 week high of $17.50. The firm has a market capitalization of $292.59, a PE ratio of 12.23 and a beta of 0.95. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.83 and a current ratio of 0.83.

Several hedge funds have recently modified their holdings of the business. Arrowstreet Capital Limited Partnership acquired a new stake in shares of USD Partners in the 2nd quarter valued at $165,000. Institutional & Family Asset Management LLC acquired a new stake in shares of USD Partners in the 3rd quarter valued at $271,000. Evergreen Capital Management LLC boosted its holdings in shares of USD Partners by 39.1% in the 3rd quarter. Evergreen Capital Management LLC now owns 862,570 shares of the transportation company’s stock valued at $9,488,000 after purchasing an additional 242,350 shares in the last quarter. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of USD Partners in the 2nd quarter valued at $20,960,000. 27.01% of the stock is currently owned by hedge funds and other institutional investors.

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About USD Partners

USD Partners LP acquires, develops and operates energy-related logistics assets, including rail terminals and other midstream infrastructure. The Company’s segments include Terminalling services and Fleet services. The Terminalling services segment consists of various operations, including Hardisty terminal, Casper terminal and Ethanol terminals.

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