Stifel Nicolaus reaffirmed their buy rating on shares of Green Plains Partners LP (NASDAQ:GPP) in a research report sent to investors on Friday, July 28th. They currently have a $22.00 price target on the transportation company’s stock.
GPP has been the topic of several other research reports. ValuEngine downgraded Green Plains Partners from a strong-buy rating to a buy rating in a research note on Tuesday, June 13th. Zacks Investment Research downgraded Green Plains Partners from a buy rating to a hold rating in a research note on Thursday, May 4th. Finally, Royal Bank Of Canada reaffirmed a buy rating and set a $22.00 price objective on shares of Green Plains Partners in a research note on Tuesday, June 6th. Two equities research analysts have rated the stock with a sell rating and five have given a buy rating to the company’s stock. Green Plains Partners currently has an average rating of Hold and a consensus target price of $21.75.
Shares of Green Plains Partners (GPP) traded down 0.54% during midday trading on Friday, hitting $18.45. The stock had a trading volume of 100,639 shares. The stock has a market capitalization of $586.69 million, a price-to-earnings ratio of 10.20 and a beta of 0.98. Green Plains Partners has a 52 week low of $17.05 and a 52 week high of $21.75. The stock has a 50 day moving average price of $19.05 and a 200-day moving average price of $19.56.
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 during the quarter, compared to analyst estimates of $29.62 million. Green Plains Partners had a net margin of 54.97% and a negative return on equity of 90.84%. Green Plains Partners’s quarterly revenue was down 1.6% on a year-over-year basis. Equities research analysts anticipate that Green Plains Partners will post $1.85 earnings per share for the current year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 11th. Investors of record on Friday, August 4th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 9.76%. The ex-dividend date of this dividend is Wednesday, August 2nd. This is an increase from Green Plains Partners’s previous quarterly dividend of $0.44. Green Plains Partners’s dividend payout ratio (DPR) is presently 100.00%.
Several hedge funds have recently added to or reduced their stakes in the stock. Wedbush Securities Inc. purchased a new stake in Green Plains Partners during the second quarter valued at about $213,000. Sigma Planning Corp purchased a new stake in Green Plains Partners during the second quarter valued at about $503,000. Mondrian Investment Partners LTD increased its stake in Green Plains Partners by 107.3% in the second quarter. Mondrian Investment Partners LTD now owns 179,596 shares of the transportation company’s stock valued at $3,358,000 after buying an additional 92,963 shares in the last quarter. Walnut Private Equity Partners LLC increased its stake in Green Plains Partners by 50.0% in the second quarter. Walnut Private Equity Partners LLC now owns 30,000 shares of the transportation company’s stock valued at $561,000 after buying an additional 10,000 shares in the last quarter. Finally, UBS Group AG increased its stake in Green Plains Partners by 0.7% in the first quarter. UBS Group AG now owns 335,212 shares of the transportation company’s stock valued at $6,738,000 after buying an additional 2,301 shares in the last quarter. 54.60% of the stock is currently owned by hedge funds and other 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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