Green Plains Partners LP (NASDAQ:GPP) announced a quarterly dividend on Monday, January 22nd, Wall Street Journal reports. Stockholders of record on Friday, February 2nd will be paid a dividend of 0.47 per share by the transportation company on Friday, February 9th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 10.27%. The ex-dividend date is Thursday, February 1st. This is a positive change from Green Plains Partners’s previous quarterly dividend of $0.46.
Shares of Green Plains Partners (NASDAQ GPP) traded up $0.30 on Monday, hitting $18.30. 40,400 shares of the stock were exchanged, compared to its average volume of 53,615. Green Plains Partners has a 52-week low of $16.50 and a 52-week high of $21.10. The company has a debt-to-equity ratio of -2.13, a current ratio of 1.30 and a quick ratio of 1.30. The company has a market cap of $291.38, a price-to-earnings ratio of 10.11, a price-to-earnings-growth ratio of 0.61 and a beta of 0.92.
Green Plains Partners (NASDAQ:GPP) last posted its quarterly earnings data on Wednesday, November 1st. The transportation company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.04). Green Plains Partners had a negative return on equity of 92.23% and a net margin of 55.10%. The business had revenue of $26.45 million for the quarter, compared to the consensus estimate of $28.36 million. During the same period in the previous year, the firm earned $0.44 EPS. The company’s revenue was up .9% on a year-over-year basis. sell-side analysts expect that Green Plains Partners will post 1.79 earnings per share for the current fiscal year.
Several equities research analysts recently commented on the stock. Zacks Investment Research lowered shares of Green Plains Partners from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 10th. BidaskClub lowered shares of Green Plains Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. Roth Capital set a $24.00 price objective on shares of Green Plains Partners and gave the stock a “buy” rating in a research note on Tuesday, October 24th. Robert W. Baird reissued a “buy” rating and set a $24.00 price objective on shares of Green Plains Partners in a research note on Friday, November 3rd. Finally, Stifel Nicolaus reissued a “buy” rating and set a $21.00 price objective on shares of Green Plains Partners in a research note on Thursday, October 12th. Three analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $21.80.
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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).
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