Green Plains Partners (GPP) Lifted to “Sell” at BidaskClub

Green Plains Partners (NASDAQ:GPP) was upgraded by investment analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report released on Monday.

Several other equities research analysts have also recently weighed in on the stock. Zacks Investment Research upgraded shares of Green Plains Partners from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Wednesday, March 21st. Stifel Nicolaus upgraded shares of Green Plains Partners from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Friday, February 9th. Finally, ValuEngine cut shares of Green Plains Partners from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $21.50.

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Green Plains Partners (NASDAQ:GPP) opened at $17.55 on Monday. 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 stock has a market cap of $558.28, a PE ratio of 9.70, a P/E/G ratio of 0.58 and a beta of 0.65. Green Plains Partners has a 1-year low of $16.50 and a 1-year high of $21.00.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Stifel Financial Corp acquired a new stake in shares of Green Plains Partners during the 3rd quarter worth approximately $250,000. Virtu Financial LLC acquired a new stake in shares of Green Plains Partners during the 4th quarter worth approximately $312,000. Raymond James Financial Services Advisors Inc. grew its position in shares of Green Plains Partners by 18.6% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 27,003 shares of the transportation company’s stock worth $543,000 after buying an additional 4,227 shares during the period. Raymond James & Associates grew its position in shares of Green Plains Partners by 48.4% during the 4th quarter. Raymond James & Associates now owns 33,535 shares of the transportation company’s stock worth $627,000 after buying an additional 10,937 shares during the period. Finally, Sigma Planning Corp grew its position in shares of Green Plains Partners by 14.2% during the 4th quarter. Sigma Planning Corp now owns 34,629 shares of the transportation company’s stock worth $648,000 after buying an additional 4,294 shares during the period. Hedge funds and other institutional investors own 46.00% of the company’s stock.

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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).

Analyst Recommendations for Green Plains Partners (NASDAQ:GPP)

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