Green Plains Partners (GPP) Rating Increased to Sell at BidaskClub

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Green Plains Partners (NASDAQ:GPP) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

A number of other research analysts also recently issued reports on GPP. ValuEngine upgraded Green Plains Partners from a “sell” rating to a “hold” rating in a research note on Thursday, June 21st. TheStreet upgraded Green Plains Partners from a “d+” rating to a “c+” rating in a research note on Monday, June 25th. Zacks Investment Research downgraded Green Plains Partners from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 10th. Stifel Nicolaus reduced their price objective on Green Plains Partners from $19.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday, August 2nd. Finally, Stephens set a $21.00 price objective on Green Plains Partners and gave the company a “buy” rating in a research note on Wednesday, July 25th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $18.20.

Shares of Green Plains Partners stock opened at $14.75 on Thursday. Green Plains Partners has a 12-month low of $14.40 and a 12-month high of $20.25. The firm has a market cap of $474.25 million, a P/E ratio of 8.15, a P/E/G ratio of 0.56 and a beta of 0.57. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of -2.06.

Green Plains Partners (NASDAQ:GPP) last announced its quarterly earnings results on Wednesday, August 1st. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.03). Green Plains Partners had a negative return on equity of 89.66% and a net margin of 54.40%. The company had revenue of $25.84 million for the quarter, compared to the consensus estimate of $27.16 million. On average, equities analysts anticipate that Green Plains Partners will post 1.76 EPS for the current year.

In other news, Director Martin Salinas purchased 6,000 shares of the company’s stock in a transaction dated Friday, August 3rd. The shares were purchased at an average price of $16.37 per share, with a total value of $98,220.00. Following the transaction, the director now directly owns 10,590 shares of the company’s stock, valued at $173,358.30. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. UBS Group AG lifted its holdings in Green Plains Partners by 1.1% during the 1st quarter. UBS Group AG now owns 326,625 shares of the transportation company’s stock worth $5,683,000 after purchasing an additional 3,636 shares in the last quarter. Luzich Partners LLC purchased a new stake in Green Plains Partners during the 2nd quarter worth about $2,130,000. Bank of America Corp DE lifted its holdings in Green Plains Partners by 673.7% during the 2nd quarter. Bank of America Corp DE now owns 63,904 shares of the transportation company’s stock worth $1,096,000 after purchasing an additional 55,645 shares in the last quarter. Sigma Planning Corp lifted its holdings in Green Plains Partners by 8.2% during the 2nd quarter. Sigma Planning Corp now owns 44,422 shares of the transportation company’s stock worth $762,000 after purchasing an additional 3,377 shares in the last quarter. Finally, Raymond James & Associates lifted its holdings in Green Plains Partners by 11.4% during the 2nd quarter. Raymond James & Associates now owns 40,143 shares of the transportation company’s stock worth $688,000 after purchasing an additional 4,123 shares in the last quarter. 16.55% of the stock is currently owned by institutional investors and hedge funds.

About Green Plains Partners

Green Plains Partners LP provides fuel storage and transportation services. It acquires, owns, develops, and operates ethanol and fuel storage tanks, terminals, transportation assets, and other related assets and businesses. The company owns or leases 39 ethanol storage facilities and approximately 61 acres of land.

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