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

Analysts at StockNews.com began coverage on shares of USD Partners (NYSE:USDP) in a note issued to investors on Wednesday. The brokerage set a “hold” rating on the transportation company’s stock.

USD Partners Price Performance

USD Partners stock opened at $0.03 on Wednesday. The firm has a market capitalization of $1.11 million, a P/E ratio of -0.03 and a beta of 1.04. USD Partners has a one year low of $0.01 and a one year high of $0.80. The business has a fifty day moving average price of $0.04 and a 200-day moving average price of $0.05.

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.