Green Plains Partners LP (NASDAQ:GPP) was downgraded by research analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday, November 3rd, Marketbeat.com reports. They presently have a $20.00 target price on the transportation company’s stock, down from their previous target price of $21.00. Stifel Nicolaus’ price target would suggest a potential upside of 4.99% from the company’s previous close.
Several other brokerages have also issued reports on GPP. Zacks Investment Research upgraded Green Plains Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. Roth Capital set a $24.00 price target on shares of Green Plains Partners and gave the company a “buy” rating in a research note on Tuesday, October 24th. BidaskClub raised shares of Green Plains Partners from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. Robert W. Baird reissued a “buy” rating and issued a $24.00 price objective on shares of Green Plains Partners in a research note on Thursday, August 24th. Finally, Bank of America Corporation downgraded shares of Green Plains Partners from a “buy” rating to an “underperform” rating and reduced their price objective for the stock from $22.00 to $19.00 in a research note on Wednesday, August 2nd. Three research analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $21.80.
Green Plains Partners (NASDAQ:GPP) traded up $0.15 on Friday, reaching $19.05. The company had a trading volume of 23,000 shares, compared to its average volume of 37,865. The stock has a market capitalization of $300.93, a price-to-earnings ratio of 10.44, a P/E/G ratio of 0.70 and a beta of 0.98. Green Plains Partners has a 12 month low of $17.30 and a 12 month high of $21.15. 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 (NASDAQ:GPP) last released its quarterly earnings results on Wednesday, November 1st. The transportation company reported $0.45 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.04). Green Plains Partners had a negative return on equity of 92.23% and a net margin of 55.10%. The company had revenue of $26.45 million during the quarter, compared to analysts’ expectations of $28.36 million. During the same quarter in the prior year, the business posted $0.44 EPS. The company’s revenue was up .9% on a year-over-year basis. analysts predict that Green Plains Partners will post 1.8 earnings per share for the current year.
A number of large investors have recently bought and sold shares of GPP. State of New Jersey Common Pension Fund D acquired a new position in shares of Green Plains Partners in the third quarter worth about $1,960,000. Mondrian Investment Partners LTD raised its position in shares of Green Plains Partners by 107.3% during the 2nd quarter. Mondrian Investment Partners LTD now owns 179,596 shares of the transportation company’s stock worth $3,358,000 after purchasing an additional 92,963 shares during the last quarter. Arrow Investment Advisors LLC acquired a new position in shares of Green Plains Partners during the 2nd quarter worth about $638,000. SNS Financial Group LLC raised its position in shares of Green Plains Partners by 12.9% during the 3rd quarter. SNS Financial Group LLC now owns 270,000 shares of the transportation company’s stock worth $5,427,000 after purchasing an additional 30,875 shares during the last quarter. Finally, Sigma Planning Corp acquired a new position in shares of Green Plains Partners during the 2nd quarter worth about $503,000. 45.56% of the stock is currently owned by institutional investors.
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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