Stifel Nicolaus restated their buy rating on shares of Green Plains Partners LP (NASDAQ:GPP) in a research note published on Thursday. Stifel Nicolaus currently has a $21.00 price objective on the transportation company’s stock.
Other equities analysts also recently issued reports about the stock. Roth Capital set a $24.00 target price on shares of Green Plains Partners and gave the stock a buy rating in a research note on Wednesday, August 2nd. Robert W. Baird reaffirmed a buy rating and issued a $24.00 price target on shares of Green Plains Partners in a research report on Thursday, August 24th. BidaskClub raised shares of Green Plains Partners from a hold rating to a buy rating in a research report on Tuesday, September 26th. Zacks Investment Research raised shares of Green Plains Partners from a sell rating to a hold rating in a research report on Wednesday, October 4th. Finally, Bank of America Corporation cut shares of Green Plains Partners from a buy rating to an underperform rating and lowered their price target for the stock from $22.00 to $19.00 in a research report on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. Green Plains Partners currently has an average rating of Hold and a consensus price target of $22.00.
Shares of Green Plains Partners (NASDAQ:GPP) traded down 1.49% during mid-day trading on Thursday, reaching $19.80. 20,367 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $19.88 and a 200 day moving average price of $19.94. Green Plains Partners has a 12-month low of $17.05 and a 12-month high of $21.75. The firm has a market capitalization of $629.90 million, a price-to-earnings ratio of 10.95 and a beta of 1.00.
Green Plains Partners (NASDAQ:GPP) last issued its earnings results on Monday, July 31st. The transportation company reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.10). The company had revenue of $25.10 million during the quarter, compared to the consensus estimate of $29.62 million. Green Plains Partners had a negative return on equity of 90.84% and a net margin of 54.97%. The business’s quarterly revenue was down 1.6% on a year-over-year basis. Analysts anticipate that Green Plains Partners will post $1.84 EPS for the current fiscal year.
Large investors have recently bought and sold shares of the stock. Acrospire Investment Management LLC lifted its position in Green Plains Partners by 54.7% during the second quarter. Acrospire Investment Management LLC now owns 6,370 shares of the transportation company’s stock valued at $119,000 after acquiring an additional 2,252 shares during the last quarter. WealthPLAN Partners LLC purchased a new stake in Green Plains Partners during the second quarter valued at approximately $210,000. Wedbush Securities Inc. purchased a new stake in Green Plains Partners during the second quarter valued at approximately $213,000. Raymond James Financial Services Advisors Inc. lifted its position in Green Plains Partners by 11.6% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 13,635 shares of the transportation company’s stock valued at $274,000 after acquiring an additional 1,417 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in Green Plains Partners during the second quarter valued at approximately $327,000. 44.81% of the stock is owned by institutional investors.
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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