Bank of America Downgrades USD Partners LP to Underperform

Brokerage firm Bank of America Downgrades its rating on USD Partners LP(USDP). The shares have been rated Underperform. The rating by Bank of America was issued on Feb 3, 2017.

USD Partners LP (USDP) shares turned negative on Tuesdays trading session with the shares closing down -0.55 points or -3.75% at a volume of 1,01,177. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $14.9. The peak price level was also seen at $14.9 while the days lowest was $13.6. Finally the shares closed at $14.1. The 52-week high of the shares is $17.5 while the 52-week low is $5.39. According to the latest information available, the market cap of the company is $320 M.

USD Partners LP(USDP) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q2.Earnings per share were $0.23.

Several Insider Transactions has been reported to the SEC. On Mar 17, 2016, Paul Leray Tucker (officer ) purchased 1,100 shares at $7.68 per share price.Also, On Dec 1, 2015, Dan Borgen (director officer ) purchased 5,925 shares at $10.07 per share price.On Jun 10, 2015, Adam K Altsuler (officer ) purchased 500 shares at $11.98 per share price, according to the Form-4 filing with the securities and exchange commission.

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 rail terminals and other complementary midstream infrastructure assets and businesses. The Company conducts its business through two segments. The Terminalling services segment operates by terminalling and transloading crude oil and biofuels under multi-year fee-based contracts. The Fleet services segment manages a fleet of rail cars. The Company’s assets consist primarily of an origination crude-by-rail terminal in Hardisty Alberta Canada with capacity to load up to two 120-railcar unit trains per day and two destination unit train-capable ethanol rail terminals in San Antonio Texas and West Colton California with a combined capacity of approximately 33000 barrels per day (bpd). The Company provides railcar services through the management of a railcar fleet consisting of approximately 3099 active railcars.

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