Green Plains Partners LP (NASDAQ:GPP) Downgraded to “Hold” at Stifel Nicolaus

Green Plains Partners LP (NASDAQ:GPP) was downgraded by analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research report issued on Friday, November 3rd, MarketBeat Ratings reports. They presently have a $20.00 price target on the transportation company’s stock, down from their previous price target of $21.00. Stifel Nicolaus’ price objective indicates a potential upside of 5.26% from the company’s current price.

GPP has been the subject of a number of other reports. Bank of America Corporation downgraded Green Plains Partners from a “buy” rating to an “underperform” rating and cut their target price for the stock from $22.00 to $19.00 in a research note on Wednesday, August 2nd. BidaskClub upgraded Green Plains Partners from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Roth Capital set a $24.00 price objective on Green Plains Partners and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Robert W. Baird reissued a “buy” rating and set a $24.00 target price on shares of Green Plains Partners in a report on Thursday, August 24th. Finally, Zacks Investment Research cut Green Plains Partners from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. Green Plains Partners has a consensus rating of “Hold” and an average price target of $21.80.

Green Plains Partners (GPP) traded down $0.15 during mid-day trading on Friday, hitting $19.00. The company had a trading volume of 13,107 shares, compared to its average volume of 37,355. The company has a debt-to-equity ratio of -2.13, a current ratio of 1.30 and a quick ratio of 1.30. Green Plains Partners has a 52-week low of $17.65 and a 52-week high of $21.15. The stock has a market cap of $606.02 and a P/E ratio of 10.58.

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

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A number of institutional investors have recently added to or reduced their stakes in the stock. Citigroup Inc. grew its position in Green Plains Partners by 0.8% in the second quarter. Citigroup Inc. now owns 64,311 shares of the transportation company’s stock valued at $1,203,000 after purchasing an additional 486 shares in the last quarter. Acrospire Investment Management LLC grew its position in shares of Green Plains Partners by 54.7% in the 2nd 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 period. Sigma Planning Corp grew its position in shares of Green Plains Partners by 12.8% in the 3rd quarter. Sigma Planning Corp now owns 30,335 shares of the transportation company’s stock valued at $610,000 after acquiring an additional 3,449 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in shares of Green Plains Partners by 18.6% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 27,003 shares of the transportation company’s stock valued at $543,000 after acquiring an additional 4,227 shares during the period. Finally, Arrow Investment Advisors LLC grew its position in shares of Green Plains Partners by 16.7% in the 3rd quarter. Arrow Investment Advisors LLC now owns 39,844 shares of the transportation company’s stock valued at $801,000 after acquiring an additional 5,714 shares during the period. 45.07% 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).

Analyst Recommendations for Green Plains Partners (NASDAQ:GPP)

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