Shares of Green Plains Partners LP (NASDAQ:GPP) have been assigned an average rating of “Hold” from the eight analysts that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $21.80.
GPP has been the subject of a number of analyst reports. Stifel Nicolaus lowered shares of Green Plains Partners from a “buy” rating to a “hold” rating and lowered their target price for the stock from $21.00 to $20.00 in a report on Friday, November 3rd. Robert W. Baird reaffirmed a “buy” rating and set a $24.00 target price on shares of Green Plains Partners in a report on Friday, November 3rd. Zacks Investment Research lowered shares of Green Plains Partners from a “hold” rating to a “sell” rating in a report on Monday, November 6th. BidaskClub raised shares of Green Plains Partners from a “strong sell” rating to a “sell” rating in a report on Thursday, December 21st. Finally, ValuEngine lowered shares of Green Plains Partners from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd.
Green Plains Partners (GPP) traded down $0.05 on Tuesday, reaching $17.95. 27,400 shares of the company’s stock were exchanged, compared to its average volume of 45,034. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of -2.15. Green Plains Partners has a 12-month low of $16.50 and a 12-month high of $21.00. The firm has a market cap of $572.60, a price-to-earnings ratio of 9.92, a PEG ratio of 0.60 and a beta of 0.74.
Green Plains Partners (NASDAQ:GPP) last released its earnings results on Wednesday, February 7th. The transportation company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $28.22 million. During the same quarter in the previous year, the business earned $0.50 EPS. The business’s quarterly revenue was down .1% compared to the same quarter last year. equities analysts forecast that Green Plains Partners will post 2 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, February 9th. Stockholders of record on Friday, February 2nd were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 10.47%. This is a boost from Green Plains Partners’s previous quarterly dividend of $0.46. The ex-dividend date was Thursday, February 1st. Green Plains Partners’s dividend payout ratio (DPR) is currently 103.87%.
In other news, EVP Michelle Mapes sold 2,692 shares of Green Plains Partners stock in a transaction on Monday, December 11th. The shares were sold at an average price of $19.10, for a total transaction of $51,417.20. Following 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 available at the SEC website. Also, major shareholder Tourbillon Capital Partners, L sold 1,209,043 shares of Green Plains Partners stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $16.02, for a total transaction of $19,368,868.86. The disclosure for this sale can be found here.
Several hedge funds and other institutional investors have recently made changes to their positions in GPP. Stifel Financial Corp bought a new stake in Green Plains Partners in the 3rd quarter valued at $250,000. Virtu Financial LLC bought a new stake in Green Plains Partners in the 4th quarter valued at $312,000. Raymond James Financial Services Advisors Inc. lifted its position in Green Plains Partners by 67.0% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 22,776 shares of the transportation company’s stock valued at $426,000 after acquiring an additional 9,141 shares in the last quarter. Sigma Planning Corp lifted its position in Green Plains Partners by 12.8% in the 3rd quarter. Sigma Planning Corp now owns 30,335 shares of the transportation company’s stock valued at $610,000 after acquiring an additional 3,449 shares in the last quarter. Finally, Raymond James & Associates lifted its position in Green Plains Partners by 48.4% in the 4th quarter. Raymond James & Associates now owns 33,535 shares of the transportation company’s stock valued at $627,000 after acquiring an additional 10,937 shares in the last quarter. 46.00% 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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