USD Partners LP representing limited partner interest (NYSE:USDP) traded at a new 52-week high today of $5.95. So far today approximately 330,000 shares have been exchanged, as compared to an average 30-day volume of 108,000 shares.
In the past 52 weeks, shares of USD Partners LP representing limited partner interest have traded between a low of $2.36 and a high of $5.95 and is now at $5.80, which is 146% above that low price.
USD Partners LP is engaged in energy-related logistics assets which include rail terminals and other midstream infrastructure. The company operates its business through two reportable segments Terminalling Services and Fleet Services. The Terminalling Services segment operates Hardisty and Casper terminal where Hardisty loads various crude oil and Casper terminal is engaged in storage and blending of crude oil and the Fleet Services segment provides railcar services; and fleet services related to the transportation of liquid hydrocarbons and biofuels. The group operates its business primarily through the United States and Canada and generates a majority of its revenue from the Terminalling services.
Based on a current price of $5.80, USD Partners LP representing limited partner interest is currently 4.5% above its average consensus analyst price target of $5.54.
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