Green Plains Partners (NASDAQ:GPP) was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued on Thursday, December 21st.
A number of other equities research analysts also recently weighed in on GPP. Robert W. Baird reaffirmed a “buy” rating and set a $24.00 price target on shares of Green Plains Partners in a research note on Thursday, August 24th. Zacks Investment Research raised Green Plains Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th. Stifel Nicolaus reaffirmed a “buy” rating and set a $21.00 price target on shares of Green Plains Partners in a research note on Thursday, October 12th. Finally, Roth Capital set a $24.00 price target on Green Plains Partners and gave the stock a “buy” rating in a research note on Tuesday, October 24th. Three analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $21.80.
Green Plains Partners (GPP) opened at $18.20 on Thursday. The firm has a market capitalization 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 has a 1 year low of $16.50 and a 1 year high of $21.15.
Green Plains Partners (NASDAQ:GPP) last announced its quarterly earnings data 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). The business had revenue of $26.45 million during the quarter, compared to analysts’ expectations of $28.36 million. Green Plains Partners had a negative return on equity of 92.23% and a net margin of 55.10%. The firm’s revenue was up .9% on a year-over-year basis. During the same period in the prior year, the company posted $0.44 earnings per share. research analysts expect that Green Plains Partners will post 1.79 earnings per share for the current fiscal year.
In other Green Plains Partners news, Director Clayton E. Killinger bought 2,850 shares of the stock in a transaction on Monday, December 18th. The shares were purchased at an average price of $17.48 per share, with a total value of $49,818.00. Following the acquisition, the director now directly owns 27,987 shares of the company’s stock, valued at approximately $489,212.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Tourbillon Capital Partners, L sold 1,209,043 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The shares were 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.
Several large investors have recently made changes to their positions in the company. SNS Financial Group LLC grew its holdings in shares of Green Plains Partners by 12.9% during the 3rd quarter. SNS Financial Group LLC now owns 270,000 shares of the transportation company’s stock worth $5,427,000 after purchasing an additional 30,875 shares in the last quarter. State of New Jersey Common Pension Fund D acquired a new stake in shares of Green Plains Partners during the 3rd quarter worth approximately $1,960,000. Citigroup Inc. grew its holdings in shares of Green Plains Partners by 0.8% during the 2nd quarter. Citigroup Inc. now owns 64,311 shares of the transportation company’s stock worth $1,203,000 after purchasing an additional 486 shares in the last quarter. GSA Capital Partners LLP grew its holdings in shares of Green Plains Partners by 13.5% during the 2nd quarter. GSA Capital Partners LLP now owns 48,056 shares of the transportation company’s stock worth $899,000 after purchasing an additional 5,718 shares in the last quarter. Finally, Arrow Investment Advisors LLC grew its holdings in shares of Green Plains Partners by 16.7% during the 3rd quarter. Arrow Investment Advisors LLC now owns 39,844 shares of the transportation company’s stock worth $801,000 after purchasing an additional 5,714 shares in the last quarter. 44.24% of the stock is currently owned by institutional investors.
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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