BidaskClub cut shares of Green Plains Partners (NASDAQ:GPP) from a sell rating to a strong sell rating in a research note issued to investors on Saturday.
Several other analysts have also issued reports on GPP. Zacks Investment Research lowered shares of Green Plains Partners from a hold rating to a strong sell rating in a research report on Wednesday, January 10th. Roth Capital set a $24.00 price target on shares of Green Plains Partners and gave the company a buy rating in a research report on Tuesday, October 24th. Stifel Nicolaus lowered shares of Green Plains Partners from a buy rating to a hold rating and cut their price target for the company from $21.00 to $20.00 in a research report on Friday, November 3rd. Finally, Robert W. Baird restated a buy rating and set a $24.00 price target on shares of Green Plains Partners in a research report on Friday, November 3rd. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $21.80.
Green Plains Partners (NASDAQ:GPP) opened at $18.20 on Friday. Green Plains Partners has a 1 year low of $16.50 and a 1 year high of $21.15. The stock has a market cap of $289.78, a price-to-earnings ratio of 10.06, a P/E/G ratio of 0.61 and a beta of 0.92. 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 announced its earnings results on Wednesday, November 1st. The transportation company reported $0.45 earnings per share (EPS) for the quarter, missing the 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 last year, the firm posted $0.44 earnings per share. The firm’s revenue was up .9% on a year-over-year basis. analysts predict that Green Plains Partners will post 1.79 EPS for the current fiscal year.
In other news, EVP Michelle Mapes sold 2,692 shares of the company’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $19.10, for a total transaction of $51,417.20. Following the completion of the transaction, the executive vice president now directly owns 33,148 shares of the company’s stock, valued at $633,126.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Clayton E. Killinger acquired 2,850 shares of the stock in a transaction dated Monday, December 18th. The shares were purchased at an average cost of $17.48 per share, with a total value of $49,818.00. Following the completion of the purchase, the director now owns 27,987 shares of the company’s stock, valued at approximately $489,212.76. The disclosure for this purchase can be found here.
Several large investors have recently modified their holdings of the company. SNS Financial Group LLC raised its stake in shares of Green Plains Partners by 12.9% during the third quarter. SNS Financial Group LLC now owns 270,000 shares of the transportation company’s stock valued at $5,427,000 after acquiring an additional 30,875 shares during the last quarter. State of New Jersey Common Pension Fund D bought a new position in Green Plains Partners in the third quarter worth about $1,960,000. Citigroup Inc. raised its stake in 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 buying an additional 486 shares in the last quarter. GSA Capital Partners LLP raised its stake in 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 buying an additional 5,718 shares in the last quarter. Finally, Arrow Investment Advisors LLC raised its stake in Green Plains Partners by 16.7% in the third quarter. Arrow Investment Advisors LLC now owns 39,844 shares of the transportation company’s stock worth $801,000 after buying an additional 5,714 shares in the last quarter. 44.24% of the stock is owned by hedge funds and other institutional investors.
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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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