Revenue Update on USD Partners LP(NYSE:USDP)

USD Partners LP(NYSE:USDP) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Earnings per share were $0.23.

In a different note, On May 26, 2016, Citigroup said it Downgrades its rating on USD Partners LP. The shares have been rated ‘Neutral’ by the firm.

USD Partners LP (USDP) made into the market gainers list on Fridays trading session with the shares advancing 0.32% or 0.04 points. Due to strong positive momentum, the stock ended at $12.48, which is also near the day’s high of $12.8. The stock began the session at $12.59 and the volume stood at 86,482 shares. The 52-week high of the shares is $12.8 and the 52 week low is $4.72. The company has a current market capitalization of $283 M and it has 2,26,91,582 shares in outstanding.

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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