Shares of Green Plains Partners LP (NASDAQ:GPP) have earned an average recommendation of “Hold” from the eight brokerages that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $21.80.
GPP has been the topic of a number of research analyst reports. Stifel Nicolaus lowered Green Plains Partners from a “buy” rating to a “hold” rating and dropped their target price for the company from $21.00 to $20.00 in a research report on Friday, November 3rd. Zacks Investment Research raised 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 target price on Green Plains Partners and gave the company a “buy” rating in a research report on Tuesday, October 24th. BidaskClub raised Green Plains Partners from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. Finally, Robert W. Baird reissued a “buy” rating and issued a $24.00 target price on shares of Green Plains Partners in a research report on Thursday, August 24th.
Several institutional investors have recently bought and sold shares of GPP. SNS Financial Group LLC grew its position in shares of Green Plains Partners by 12.9% in the 3rd quarter. SNS Financial Group LLC now owns 270,000 shares of the transportation company’s stock valued at $5,427,000 after buying an additional 30,875 shares during the last quarter. Mondrian Investment Partners LTD boosted its holdings in Green Plains Partners by 107.3% in the second quarter. Mondrian Investment Partners LTD now owns 179,596 shares of the transportation company’s stock worth $3,358,000 after acquiring an additional 92,963 shares in the last quarter. State of New Jersey Common Pension Fund D bought a new position in Green Plains Partners in the third quarter worth approximately $1,960,000. Citigroup Inc. raised its stake in shares of Green Plains Partners by 0.8% in the second quarter. Citigroup Inc. now owns 64,311 shares of the transportation company’s stock worth $1,203,000 after purchasing an additional 486 shares during the last quarter. Finally, GSA Capital Partners LLP raised its stake in shares of Green Plains Partners by 13.5% in the second quarter. GSA Capital Partners LLP now owns 48,056 shares of the transportation company’s stock worth $899,000 after purchasing an additional 5,718 shares during the last quarter. 45.56% of the stock is owned by institutional investors.
Shares of Green Plains Partners (NASDAQ:GPP) remained flat at $$18.75 during trading hours on Friday. 7,714 shares of the company’s stock traded hands, compared to its average volume of 25,968. Green Plains Partners has a twelve month low of $17.65 and a twelve month high of $21.15. The company has a market capitalization of $298.54, a price-to-earnings ratio of 10.36, a price-to-earnings-growth ratio of 0.69 and a beta of 0.98. The company has a debt-to-equity ratio of -2.13, a current ratio of 1.30 and a quick ratio of 1.30.
Green Plains Partners (NASDAQ:GPP) last issued its earnings results on Wednesday, November 1st. The transportation company reported $0.45 earnings per share (EPS) for the quarter, missing the Zacks’ 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 for the quarter, compared to the consensus estimate of $28.36 million. During the same quarter last year, the business posted $0.44 EPS. Green Plains Partners’s quarterly revenue was up .9% on a year-over-year basis. sell-side analysts forecast that Green Plains Partners will post 1.8 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, November 10th. Investors of record on Friday, November 3rd were paid a $0.46 dividend. The ex-dividend date of this dividend was Thursday, November 2nd. This is an increase from Green Plains Partners’s previous quarterly dividend of $0.45. This represents a $1.84 annualized dividend and a yield of 9.81%. Green Plains Partners’s payout ratio is 101.66%.
Green Plains Partners Company Profile
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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