Green Plains Partners LP (GPP) Given Average Recommendation of “Hold” by Analysts

Green Plains Partners LP (NASDAQ:GPP) has been given an average recommendation of “Hold” by the eight research firms that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $21.80.

Several equities analysts recently issued reports on GPP shares. Stifel Nicolaus cut Green Plains Partners from a “buy” rating to a “hold” rating and decreased their price target for the company from $21.00 to $20.00 in a report on Friday, November 3rd. Zacks Investment Research upgraded Green Plains Partners from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. Roth Capital set a $24.00 price target on Green Plains Partners and gave the company a “buy” rating in a report on Tuesday, October 24th. BidaskClub upgraded Green Plains Partners from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $24.00 price target on shares of Green Plains Partners in a report on Thursday, August 24th.

In other Green Plains Partners news, EVP Michelle Mapes sold 2,692 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $19.10, for a total transaction of $51,417.20. Following the transaction, the executive vice president now owns 33,148 shares in the company, valued at $633,126.80. The sale was disclosed in a document filed with the SEC, which is available through this link.

A number of institutional investors and hedge funds have recently modified their holdings of GPP. Acrospire Investment Management LLC lifted its holdings in shares of Green Plains Partners by 54.7% during the 2nd quarter. Acrospire Investment Management LLC now owns 6,370 shares of the transportation company’s stock valued at $119,000 after purchasing an additional 2,252 shares in the last quarter. WealthPLAN Partners LLC bought a new position in shares of Green Plains Partners during the 2nd quarter valued at about $210,000. Wedbush Securities Inc. bought a new position in shares of Green Plains Partners during the 2nd quarter valued at about $213,000. Stifel Financial Corp bought a new position in shares of Green Plains Partners during the 3rd quarter valued at about $250,000. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Green Plains Partners during the 2nd quarter valued at about $327,000. Hedge funds and other institutional investors own 44.24% of the company’s stock.

Green Plains Partners (GPP) traded down $0.05 during trading on Thursday, reaching $18.55. The company had a trading volume of 1,287,500 shares, compared to its average volume of 41,377. The company has a market capitalization of $296.15, a PE ratio of 10.28, a price-to-earnings-growth ratio of 0.69 and a beta of 0.92. Green Plains Partners has a fifty-two week low of $17.65 and a fifty-two week high of $21.15. The company has a debt-to-equity ratio of -2.13, a quick ratio of 1.30 and a current ratio of 1.30.

Green Plains Partners (NASDAQ:GPP) last posted its quarterly earnings results on Wednesday, November 1st. The transportation company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.04). The firm had revenue of $26.45 million during the quarter, compared to the consensus estimate of $28.36 million. Green Plains Partners had a net margin of 55.10% and a negative return on equity of 92.23%. Green Plains Partners’s revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.44 EPS. research analysts predict that Green Plains Partners will post 1.8 earnings per share for the current fiscal year.

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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).

Analyst Recommendations for Green Plains Partners (NASDAQ:GPP)

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