USD Partners LP (NYSE:USDP) saw a big move last session, as the company’s shares fell over 9% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for USDP, as the stock is now down nearly 21% since May 16.
This slump shouldn’t be too much of a surprise to investors, as this developer and operator of energy-related rail terminals has seen 1 negative revision in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
USDP currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is negative.
A better-ranked stock in the same sector is SkyWest Inc. (NASDAQ:SKYW) , holding a Zacks Rank #1 (Strong Buy).
Is USDP going up? Or down? Predict to see what others think: Up or Down
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USD PARTNERS (USDP): Free Stock Analysis Report
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USD Partners Slumps: USDP Falls 9.3% In Session
Published 06/01/2016, 10:10 PM
Updated 07/09/2023, 06:31 AM
USD Partners Slumps: USDP Falls 9.3% In Session
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