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

Investment analysts at StockNews.com initiated coverage on shares of USD Partners (NYSE:USDP) in a research note issued on Wednesday. The firm set a “hold” rating on the transportation company’s stock.

USD Partners Price Performance

Shares of NYSE:USDP opened at $0.03 on Wednesday. USD Partners has a 1 year low of $0.01 and a 1 year high of $0.80. The business has a fifty day moving average price of $0.04 and a two-hundred day moving average price of $0.05. The company has a market capitalization of $1.11 million, a PE ratio of -0.03 and a beta of 1.04.

About USD Partners

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.