Zacks Investment Research Lowers Green Plains Partners (GPP) to Hold

Zacks Investment Research lowered shares of Green Plains Partners (NASDAQ:GPP) from a buy rating to a hold rating in a report issued on Wednesday.

According to Zacks, “Green Plains Partners LP provide ethanol and fuel storage, terminal and transportation services by owning, operating, developing and acquiring storage tanks, terminals, transportation assets and other related assets and businesses. Green Plains Partners LP is based in Omaha, Nebraska. “

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Several other equities research analysts also recently issued reports on the stock. BidaskClub upgraded shares of Green Plains Partners from a strong sell rating to a sell rating in a research note on Monday, March 26th. 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 note on Friday, February 9th. Finally, ValuEngine downgraded shares of Green Plains Partners from a strong-buy rating to a buy rating in a research note on Friday, February 2nd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. Green Plains Partners presently has an average rating of Hold and an average price target of $21.33.

Shares of GPP stock opened at $17.50 on Wednesday. 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 one year low of $16.50 and a one year high of $21.00. The company has a market cap of $556.69, a P/E ratio of 9.67, a P/E/G ratio of 0.58 and a beta of 0.67.

Green Plains Partners (NASDAQ:GPP) last released its quarterly earnings data on Wednesday, February 7th. The transportation company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $28.25 million during the quarter, compared to the consensus estimate of $28.22 million. During the same period in the previous year, the firm earned $0.50 earnings per share. Green Plains Partners’s revenue for the quarter was down .1% on a year-over-year basis. research analysts anticipate that Green Plains Partners will post 2.03 EPS for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GPP. Raymond James Financial Services Advisors Inc. grew its stake in Green Plains Partners by 18.6% during the third 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. Stifel Financial Corp purchased a new position in shares of Green Plains Partners in the third quarter valued at $250,000. Mondrian Investment Partners LTD boosted its stake in shares of Green Plains Partners by 11.7% in the fourth quarter. Mondrian Investment Partners LTD now owns 200,552 shares of the transportation company’s stock valued at $3,750,000 after purchasing an additional 20,956 shares during the period. Sigma Planning Corp boosted its stake in shares of Green Plains Partners by 14.2% in the fourth quarter. Sigma Planning Corp now owns 34,629 shares of the transportation company’s stock valued at $648,000 after purchasing an additional 4,294 shares during the period. Finally, Virtu Financial LLC purchased a new position in shares of Green Plains Partners in the fourth quarter valued at $312,000. Institutional investors own 46.00% of the company’s stock.

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Green Plains Partners Company Profile

Green Plains Partners LP provides ethanol and fuel storage, terminal and transportation services by owning, operating, developing and acquiring ethanol and fuel storage tanks, terminals, transportation assets and other related assets and businesses. The company was founded in March 2, 2015 and is headquartered in Omaha, NE.

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