News coverage about Green Plains Partners (NASDAQ:GPP) has trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Green Plains Partners earned a coverage optimism score of 0.13 on Accern’s scale. Accern also gave media coverage about the transportation company an impact score of 46.3088879178912 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Several equities analysts have commented on GPP shares. Stifel Nicolaus downgraded shares of Green Plains Partners from a “buy” rating to a “hold” rating and dropped their price target for the stock from $21.00 to $20.00 in a research note on Friday, November 3rd. Zacks Investment Research downgraded shares of Green Plains Partners from a “hold” rating to a “sell” rating in a research note on Monday, November 6th. BidaskClub downgraded shares of Green Plains Partners from a “sell” rating to a “strong sell” rating in a research note on Saturday, January 13th. ValuEngine downgraded shares of Green Plains Partners from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Robert W. Baird reiterated a “buy” rating and set a $24.00 target price on shares of Green Plains Partners in a research note on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $21.80.
Shares of Green Plains Partners (NASDAQ:GPP) traded down $0.05 during mid-day trading on Monday, hitting $18.00. 20,100 shares of the company were exchanged, compared to its average volume of 45,361. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of -2.15. The firm has a market capitalization of $572.60, a P/E ratio of 9.94, a P/E/G ratio of 0.60 and a beta of 0.74. Green Plains Partners has a 12-month low of $16.50 and a 12-month high of $21.00.
The company also recently announced a quarterly dividend, which was paid on Friday, February 9th. Investors of record on Friday, February 2nd were paid a dividend of $0.47 per share. The ex-dividend date was Thursday, February 1st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 10.44%. This is an increase from Green Plains Partners’s previous quarterly dividend of $0.46. Green Plains Partners’s payout ratio is presently 103.87%.
In related news, Director Clayton E. Killinger purchased 2,850 shares of Green Plains Partners stock in a transaction that occurred on Monday, December 18th. The stock was purchased at an average cost of $17.48 per share, with a total value of $49,818.00. Following the completion of the transaction, the director now directly owns 27,987 shares in the company, valued at $489,212.76. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Tourbillon Capital Partners, L sold 1,209,043 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were 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.
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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