Green Plains Partners (GPP) – Research Analysts’ Weekly Ratings Updates

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Green Plains Partners (NASDAQ: GPP) recently received a number of ratings updates from brokerages and research firms:

  • 3/7/2019 – Green Plains Partners was downgraded by analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating. They now have a $17.00 price target on the stock, down previously from $18.00.
  • 3/5/2019 – Green Plains Partners was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Green Plains Partners LP provide ethanol and fuel storage, terminal and transportation services by owning, operating, developing and acquiring storage tanks, terminals, transportation assets and other related assets and businesses. Green Plains Partners LP is based in Omaha, Nebraska. “
  • 2/27/2019 – Green Plains Partners was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 2/19/2019 – Green Plains Partners was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Green Plains Partners LP provide ethanol and fuel storage, terminal and transportation services by owning, operating, developing and acquiring storage tanks, terminals, transportation assets and other related assets and businesses. Green Plains Partners LP is based in Omaha, Nebraska. “
  • 2/13/2019 – Green Plains Partners was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Green Plains Partners LP provide ethanol and fuel storage, terminal and transportation services by owning, operating, developing and acquiring storage tanks, terminals, transportation assets and other related assets and businesses. Green Plains Partners LP is based in Omaha, Nebraska. “
  • 2/8/2019 – Green Plains Partners was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 2/1/2019 – Green Plains Partners was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Green Plains Partners LP provide ethanol and fuel storage, terminal and transportation services by owning, operating, developing and acquiring storage tanks, terminals, transportation assets and other related assets and businesses. Green Plains Partners LP is based in Omaha, Nebraska. “
  • 1/30/2019 – Green Plains Partners was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 1/26/2019 – Green Plains Partners was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Green Plains Partners LP provide ethanol and fuel storage, terminal and transportation services by owning, operating, developing and acquiring storage tanks, terminals, transportation assets and other related assets and businesses. Green Plains Partners LP is based in Omaha, Nebraska. “
  • 1/19/2019 – Green Plains Partners was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Green Plains Partners LP provide ethanol and fuel storage, terminal and transportation services by owning, operating, developing and acquiring storage tanks, terminals, transportation assets and other related assets and businesses. Green Plains Partners LP is based in Omaha, Nebraska. “

NASDAQ:GPP opened at $15.91 on Friday. The company has a market cap of $496.55 million, a price-to-earnings ratio of 10.01, a P/E/G ratio of 0.81 and a beta of 0.49. Green Plains Partners LP has a fifty-two week low of $13.30 and a fifty-two week high of $18.10.

Green Plains Partners (NASDAQ:GPP) last posted its quarterly earnings results on Monday, February 11th. The transportation company reported $0.41 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.41. The company had revenue of $23.25 million for the quarter, compared to the consensus estimate of $27.12 million. Green Plains Partners had a net margin of 55.27% and a negative return on equity of 78.17%. As a group, equities analysts expect that Green Plains Partners LP will post 1.28 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 8th. Stockholders of record on Friday, February 1st were given a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 11.94%. The ex-dividend date was Thursday, January 31st. Green Plains Partners’s payout ratio is currently 119.50%.

In other news, insider Michelle Mapes sold 16,200 shares of the stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $15.39, for a total value of $249,318.00. Following the completion of the sale, the insider now owns 1,502 shares of the company’s stock, valued at $23,115.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jeffrey S. Briggs sold 4,000 shares of the stock in a transaction on Tuesday, December 18th. The stock was sold at an average price of $14.17, for a total transaction of $56,680.00. The disclosure for this sale can be found here. Insiders sold 39,648 shares of company stock valued at $598,793 in the last three months.

Several institutional investors have recently added to or reduced their stakes in GPP. Citigroup Inc. increased its position in shares of Green Plains Partners by 323.3% in the fourth quarter. Citigroup Inc. now owns 5,503 shares of the transportation company’s stock worth $75,000 after acquiring an additional 4,203 shares in the last quarter. Barclays PLC acquired a new stake in shares of Green Plains Partners in the fourth quarter worth $118,000. GSA Capital Partners LLP grew its holdings in Green Plains Partners by 13.1% during the 4th quarter. GSA Capital Partners LLP now owns 11,887 shares of the transportation company’s stock valued at $161,000 after purchasing an additional 1,377 shares in the last quarter. Creative Planning acquired a new stake in Green Plains Partners during the 4th quarter valued at $199,000. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in Green Plains Partners by 20.9% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 46,455 shares of the transportation company’s stock valued at $630,000 after purchasing an additional 8,017 shares in the last quarter. 17.74% of the stock is owned by institutional investors.

Green Plains Partners LP provides fuel storage and transportation services. It acquires, owns, develops, and operates ethanol and fuel storage tanks, terminals, transportation assets, and other related assets and businesses. The company owns or leases 39 ethanol storage facilities and approximately 61 acres of land.

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