Green Plains Partners LP (NASDAQ:GPP) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released 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. “

A number of other equities analysts also recently weighed in on GPP. BidaskClub downgraded shares of Green Plains Partners from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Bank of America Corporation downgraded shares of Green Plains Partners from a “buy” rating to an “underperform” rating and cut their price target for the stock from $22.00 to $19.00 in a research note on Wednesday, August 2nd. Roth Capital set a $24.00 price target on shares of Green Plains Partners and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. ValuEngine downgraded shares of Green Plains Partners from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $22.00 target price on shares of Green Plains Partners in a research note on Friday, July 28th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $22.20.

Green Plains Partners (NASDAQ GPP) traded up 0.50% during mid-day trading on Wednesday, reaching $20.15. 11,411 shares of the company traded hands. The stock has a 50-day moving average of $19.86 and a 200 day moving average of $19.86. The stock has a market capitalization of $641.03 million, a PE ratio of 11.14 and a beta of 1.00. Green Plains Partners has a 52-week low of $17.05 and a 52-week high of $21.75.

Green Plains Partners (NASDAQ:GPP) last posted its quarterly earnings results on Monday, July 31st. The transportation company reported $0.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.10). The company had revenue of $25.10 million for the quarter, compared to analysts’ expectations of $29.62 million. Green Plains Partners had a negative return on equity of 90.84% and a net margin of 54.97%. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. Equities research analysts expect that Green Plains Partners will post $1.84 earnings per share for the current year.

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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 holdings in Green Plains Partners by 11.6% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 13,635 shares of the transportation company’s stock valued at $274,000 after purchasing an additional 1,417 shares in the last quarter. UBS Group AG grew its holdings in Green Plains Partners by 0.7% during the 1st quarter. UBS Group AG now owns 335,212 shares of the transportation company’s stock valued at $6,738,000 after purchasing an additional 2,301 shares in the last quarter. Walnut Private Equity Partners LLC grew its holdings in Green Plains Partners by 50.0% during the 2nd quarter. Walnut Private Equity Partners LLC now owns 30,000 shares of the transportation company’s stock valued at $561,000 after purchasing an additional 10,000 shares in the last quarter. Mondrian Investment Partners LTD grew its holdings in Green Plains Partners by 107.3% during the 2nd quarter. Mondrian Investment Partners LTD now owns 179,596 shares of the transportation company’s stock valued at $3,358,000 after purchasing an additional 92,963 shares in the last quarter. Finally, Sigma Planning Corp acquired a new stake in Green Plains Partners during the 2nd quarter valued at $503,000. 44.81% of the stock is owned by institutional investors and hedge funds.

About Green Plains Partners

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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Analyst Recommendations for Green Plains Partners (NASDAQ:GPP)

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