Green Plains Partners (NASDAQ:GPP) Stock Rating Lowered by Zacks Investment Research

Green Plains Partners (NASDAQ:GPP) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Thursday, Zacks.com reports.

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. “

GPP has been the subject of several other research reports. BidaskClub downgraded shares of Green Plains Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, June 19th. ValuEngine downgraded shares of Green Plains Partners from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 8th. Finally, Stifel Nicolaus set a $14.00 target price on shares of Green Plains Partners and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The company has an average rating of “Hold” and a consensus price target of $16.00.



Shares of GPP traded down $0.09 on Thursday, hitting $13.06. 50,562 shares of the stock traded hands, compared to its average volume of 49,204. The company has a market capitalization of $304.55 million, a PE ratio of 8.21 and a beta of 0.50. The business has a 50 day simple moving average of $13.78 and a 200 day simple moving average of $14.81. Green Plains Partners has a one year low of $12.53 and a one year high of $16.47.

Green Plains Partners (NASDAQ:GPP) last announced its quarterly earnings results on Monday, August 5th. The transportation company reported $0.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.12. The company had revenue of $20.83 million during the quarter, compared to the consensus estimate of $21.27 million. Green Plains Partners had a net margin of 54.48% and a negative return on equity of 65.23%. On average, equities research analysts forecast that Green Plains Partners will post 1.8 earnings per share for the current year.

A number of large investors have recently bought and sold shares of the business. Virtus ETF Advisers LLC purchased a new position in shares of Green Plains Partners during the 2nd quarter worth $2,267,000. HighTower Advisors LLC boosted its stake in shares of Green Plains Partners by 24.0% during the 2nd quarter. HighTower Advisors LLC now owns 108,587 shares of the transportation company’s stock worth $1,519,000 after acquiring an additional 21,014 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Green Plains Partners by 9.6% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 50,934 shares of the transportation company’s stock worth $807,000 after acquiring an additional 4,479 shares during the last quarter. LPL Financial LLC boosted its stake in shares of Green Plains Partners by 5.3% during the 2nd quarter. LPL Financial LLC now owns 48,977 shares of the transportation company’s stock worth $686,000 after acquiring an additional 2,444 shares during the last quarter. Finally, Sigma Planning Corp boosted its stake in shares of Green Plains Partners by 3.6% during the 2nd quarter. Sigma Planning Corp now owns 43,174 shares of the transportation company’s stock worth $604,000 after acquiring an additional 1,499 shares during the last quarter. 16.20% 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. 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 32 ethanol storage facilities and approximately 49 acres of land.

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