Green Plains Partners (NASDAQ:GPP) had its price objective lowered by equities research analysts at Stifel Nicolaus from $18.00 to $16.00 in a research note issued on Thursday, Stock Target Advisor reports. The firm currently has a “buy” rating on the transportation company’s stock. Stifel Nicolaus’ target price points to a potential upside of 8.47% from the company’s current price.
Other analysts have also recently issued reports about the company. Stephens set a $21.00 price target on Green Plains Partners and gave the company a “buy” rating in a research note on Wednesday, July 25th. Robert W. Baird restated a “buy” rating and issued a $18.00 price target (down from $20.00) on shares of Green Plains Partners in a research note on Friday, September 14th. TheStreet upgraded Green Plains Partners from a “d+” rating to a “c+” rating in a research note on Monday, June 25th. Zacks Investment Research upgraded Green Plains Partners from a “sell” rating to a “hold” rating in a research note on Thursday, September 6th. Finally, ValuEngine upgraded Green Plains Partners from a “sell” rating to a “hold” rating in a research report on Thursday, June 21st. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. Green Plains Partners has a consensus rating of “Hold” and a consensus target price of $18.20.
Green Plains Partners stock opened at $14.75 on Thursday. Green Plains Partners has a 1-year low of $14.40 and a 1-year high of $20.25. The company has a debt-to-equity ratio of -2.06, a quick ratio of 1.23 and a current ratio of 1.23. The firm has a market capitalization of $474.25 million, a price-to-earnings ratio of 8.17, a price-to-earnings-growth ratio of 0.56 and a beta of 0.57.
Green Plains Partners (NASDAQ:GPP) last posted its quarterly earnings results on Wednesday, August 1st. The transportation company reported $0.42 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.03). Green Plains Partners had a net margin of 54.40% and a negative return on equity of 89.66%. The business had revenue of $25.84 million during the quarter, compared to analyst estimates of $27.16 million. As a group, analysts anticipate that Green Plains Partners will post 1.76 earnings per share for the current fiscal year.
In other news, Director Martin Salinas bought 6,000 shares of the business’s stock in a transaction dated Friday, August 3rd. The shares were acquired at an average price of $16.37 per share, for a total transaction of $98,220.00. Following the completion of the transaction, the director now owns 10,590 shares of the company’s stock, valued at $173,358.30. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Institutional investors and hedge funds have recently bought and sold shares of the company. Bank of America Corp DE increased its position in Green Plains Partners by 673.7% in the 2nd quarter. Bank of America Corp DE now owns 63,904 shares of the transportation company’s stock valued at $1,096,000 after acquiring an additional 55,645 shares during the period. Raymond James & Associates increased its position in Green Plains Partners by 11.4% in the 2nd quarter. Raymond James & Associates now owns 40,143 shares of the transportation company’s stock valued at $688,000 after acquiring an additional 4,123 shares during the period. Western Standard LLC acquired a new position in Green Plains Partners in the 2nd quarter valued at about $366,000. GSA Capital Partners LLP acquired a new position in Green Plains Partners in the 2nd quarter valued at about $206,000. Finally, Luzich Partners LLC acquired a new position in Green Plains Partners in the 2nd quarter valued at about $2,130,000. Institutional investors and hedge funds own 16.55% of the company’s stock.
Green Plains Partners Company Profile
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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