Zacks Investment Research Downgrades Green Plains Partners (GPP) to Hold

Zacks Investment Research downgraded shares of Green Plains Partners (NASDAQ:GPP) from a buy rating to a hold rating in a report issued on Wednesday morning.

According to Zacks, “Green Plains Partners LP provide ethanol and fuel storage, terminal and transportation services by owning, operating, developing and acquiring storage tanks, terminals, transportation assets and other related assets and businesses. Green Plains Partners LP is based in Omaha, Nebraska. “

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GPP has been the subject of several other reports. BidaskClub downgraded shares of Green Plains Partners from a sell rating to a strong sell rating in a report on Saturday, January 13th. ValuEngine downgraded shares of Green Plains Partners from a strong-buy rating to a buy rating in a report on Friday, February 2nd. Finally, Stifel Nicolaus upgraded shares of Green Plains Partners from a hold rating to a buy rating and set a $20.00 target price for the company in a report on Friday, February 9th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. Green Plains Partners has a consensus rating of Hold and a consensus target price of $21.33.

Shares of GPP opened at $17.50 on Wednesday. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of -2.15. The stock has a market capitalization of $556.69, a PE ratio of 9.67, a P/E/G ratio of 0.58 and a beta of 0.67. Green Plains Partners has a 52-week low of $16.50 and a 52-week high of $21.00.

Green Plains Partners (NASDAQ:GPP) last posted its earnings results on Wednesday, February 7th. The transportation company reported $0.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.03. Green Plains Partners had a net margin of 55.02% and a negative return on equity of 92.54%. The firm had revenue of $28.25 million during the quarter, compared to the consensus estimate of $28.22 million. During the same period last year, the firm posted $0.50 EPS. The firm’s revenue for the quarter was down .1% on a year-over-year basis. equities research analysts forecast that Green Plains Partners will post 2.03 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. boosted its position in shares of Green Plains Partners by 18.6% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 27,003 shares of the transportation company’s stock worth $543,000 after acquiring an additional 4,227 shares during the last quarter. Stifel Financial Corp acquired a new stake in shares of Green Plains Partners in the third quarter worth approximately $250,000. Mondrian Investment Partners LTD boosted its position in shares of Green Plains Partners by 11.7% in the fourth quarter. Mondrian Investment Partners LTD now owns 200,552 shares of the transportation company’s stock worth $3,750,000 after acquiring an additional 20,956 shares during the last quarter. Sigma Planning Corp boosted its position in shares of Green Plains Partners by 14.2% in the fourth quarter. Sigma Planning Corp now owns 34,629 shares of the transportation company’s stock worth $648,000 after acquiring an additional 4,294 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Green Plains Partners in the fourth quarter worth approximately $312,000. Hedge funds and other institutional investors own 46.00% of the company’s stock.

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About Green Plains Partners

Green Plains Partners LP provides ethanol and fuel storage, terminal and transportation services by owning, operating, developing and acquiring ethanol and fuel storage tanks, terminals, transportation assets and other related assets and businesses. The company was founded in March 2, 2015 and is headquartered in Omaha, NE.

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