Green Plains Partners LP (GPP) Receives $21.80 Average Price Target from Analysts

Green Plains Partners LP (NASDAQ:GPP) has been assigned a consensus rating of “Hold” from the eight research firms that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $21.80.

A number of analysts recently commented on GPP shares. Zacks Investment Research downgraded Green Plains Partners from a “hold” rating to a “sell” rating in a research report on Monday, November 6th. Stifel Nicolaus reaffirmed a “buy” rating and set a $21.00 price target on shares of Green Plains Partners in a research report on Thursday, October 12th. Robert W. Baird reaffirmed a “buy” rating and set a $24.00 price target on shares of Green Plains Partners in a research report on Friday, November 3rd. Roth Capital set a $24.00 price target on Green Plains Partners and gave the company a “buy” rating in a research report on Tuesday, October 24th. Finally, BidaskClub raised Green Plains Partners from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th.

Green Plains Partners (NASDAQ:GPP) traded up $0.20 during mid-day trading on Thursday, hitting $17.55. The stock had a trading volume of 271,266 shares, compared to its average volume of 160,433. Green Plains Partners has a 52 week low of $16.50 and a 52 week high of $21.15. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of -2.13. The company has a market capitalization of $279.43, a price-to-earnings ratio of 9.70, a PEG ratio of 0.65 and a beta of 0.92.

Green Plains Partners (NASDAQ:GPP) last issued its quarterly earnings results on Wednesday, November 1st. The transportation company reported $0.45 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.04). The business had revenue of $26.45 million for the quarter, compared to analysts’ expectations of $28.36 million. Green Plains Partners had a net margin of 55.10% and a negative return on equity of 92.23%. The business’s revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.44 earnings per share. research analysts expect that Green Plains Partners will post 1.8 EPS for the current year.

In other Green Plains Partners news, EVP Michelle Mapes sold 2,692 shares of the firm’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $19.10, for a total value of $51,417.20. Following the completion of the sale, the executive vice president now directly owns 33,148 shares of the company’s stock, valued at $633,126.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Tourbillon Capital Partners, L sold 1,209,043 shares of the firm’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $16.02, for a total value of $19,368,868.86. The disclosure for this sale can be found here.

Large investors have recently added to or reduced their stakes in the business. Acrospire Investment Management LLC increased its position in Green Plains Partners by 54.7% in the second quarter. Acrospire Investment Management LLC now owns 6,370 shares of the transportation company’s stock worth $119,000 after buying an additional 2,252 shares during the last quarter. WealthPLAN Partners LLC purchased a new stake in Green Plains Partners in the second quarter worth $210,000. Wedbush Securities Inc. purchased a new stake in Green Plains Partners in the second quarter worth $213,000. Stifel Financial Corp purchased a new stake in Green Plains Partners in the third quarter worth $250,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in Green Plains Partners in the second quarter worth $327,000. 44.24% of the stock is owned by institutional investors and hedge funds.

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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).

Analyst Recommendations for Green Plains Partners (NASDAQ:GPP)

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