Media stories about Green Plains Partners (NASDAQ:GPP) have trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Green Plains Partners earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave media headlines about the transportation company an impact score of 46.2913874442857 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Green Plains Partners (NASDAQ GPP) opened at $18.90 on Wednesday. The firm has a market cap of $303.32, a price-to-earnings ratio of 10.52, a price-to-earnings-growth ratio of 0.71 and a beta of 0.98. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of -2.13. Green Plains Partners has a 52-week low of $17.65 and a 52-week high of $21.15.
Green Plains Partners (NASDAQ:GPP) last released its earnings results on Wednesday, November 1st. The transportation company reported $0.45 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.04). The firm had revenue of $26.45 million for the quarter, compared to analyst estimates of $28.36 million. Green Plains Partners had a negative return on equity of 92.23% and a net margin of 55.10%. The firm’s revenue was up .9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.44 EPS. equities analysts expect that Green Plains Partners will post 1.8 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 10th. Stockholders of record on Friday, November 3rd were given a dividend of $0.46 per share. The ex-dividend date was Thursday, November 2nd. This represents a $1.84 dividend on an annualized basis and a dividend yield of 9.74%. This is a positive change from Green Plains Partners’s previous quarterly dividend of $0.45. Green Plains Partners’s dividend payout ratio is currently 101.66%.
Several research firms have issued reports on GPP. Stifel Nicolaus reaffirmed a “buy” rating and issued a $22.00 price target on shares of Green Plains Partners in a report on Friday, July 28th. Zacks Investment Research raised Green Plains Partners from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. BidaskClub downgraded shares of Green Plains Partners from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Bank of America Corporation downgraded shares of Green Plains Partners from a “buy” rating to an “underperform” rating and cut their target price for the company from $22.00 to $19.00 in a research note on Wednesday, August 2nd. Finally, Roth Capital set a $24.00 target price on shares of Green Plains Partners and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. Green Plains Partners currently has an average rating of “Hold” and an average target price of $21.80.
About Green Plains Partners
Green Plains Partners LP provides fuel storage and transportation services. The Company owns, operates, develops and acquires ethanol and fuel storage facilities, terminals, transportation assets, and other related assets and businesses. The Company’s parent company is Green Plains Inc (Green Plains).
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