Stifel Nicolaus Lowers Green Plains Partners (GPP) Price Target to $16.00

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Green Plains Partners (NASDAQ:GPP) had its price objective decreased by Stifel Nicolaus from $18.00 to $16.00 in a research note issued on Thursday, Stock Target Advisor reports. The brokerage currently has a “buy” rating on the transportation company’s stock. Stifel Nicolaus’ price objective would indicate a potential upside of 8.47% from the stock’s previous close.

Several other research analysts have also commented on the company. Robert W. Baird restated a “buy” rating and set a $18.00 price target (down from $20.00) on shares of Green Plains Partners in a research report on Friday, September 14th. Zacks Investment Research lowered Green Plains Partners from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 10th. BidaskClub lowered Green Plains Partners from a “sell” rating to a “strong sell” rating in a research report on Friday, July 20th. Finally, ValuEngine lowered Green Plains Partners from a “sell” rating to a “strong sell” rating in a research report on Friday, August 3rd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $18.20.

Shares of Green Plains Partners stock opened at $14.75 on Thursday. The company has a market capitalization of $474.25 million, a P/E ratio of 8.17, a price-to-earnings-growth ratio of 0.56 and a beta of 0.57. Green Plains Partners has a fifty-two week low of $14.40 and a fifty-two week high of $20.25. 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 issued its quarterly earnings data on Wednesday, August 1st. The transportation company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.03). The business had revenue of $25.84 million during the quarter, compared to analysts’ expectations of $27.16 million. Green Plains Partners had a negative return on equity of 89.66% and a net margin of 54.40%. Equities research analysts predict 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 stock in a transaction dated Friday, August 3rd. The stock was acquired at an average cost of $16.37 per share, for a total transaction of $98,220.00. Following the completion of the transaction, the director now directly owns 10,590 shares in the company, valued at approximately $173,358.30. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

Large investors have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP purchased a new position in Green Plains Partners in the second quarter valued at $206,000. Cavalier Investments LLC boosted its holdings in Green Plains Partners by 41.1% in the second quarter. Cavalier Investments LLC now owns 17,242 shares of the transportation company’s stock valued at $295,000 after purchasing an additional 5,024 shares during the period. Western Standard LLC purchased a new position in Green Plains Partners in the second quarter valued at $366,000. Stifel Financial Corp boosted its holdings in Green Plains Partners by 16.5% in the first quarter. Stifel Financial Corp now owns 24,899 shares of the transportation company’s stock valued at $434,000 after purchasing an additional 3,526 shares during the period. Finally, Raymond James & Associates boosted its holdings in Green Plains Partners by 11.4% in the second quarter. Raymond James & Associates now owns 40,143 shares of the transportation company’s stock valued at $688,000 after purchasing an additional 4,123 shares during the period. Hedge funds and other institutional investors own 16.55% of the company’s stock.

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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