Green Plains Partners (NASDAQ:GPP) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of Green Plains Partners (NASDAQ:GPP) from a buy rating to a hold rating in a report published on Tuesday, 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. “

A number of other research firms also recently weighed in on GPP. ValuEngine downgraded shares of Green Plains Partners from a sell rating to a strong sell rating in a report on Thursday, August 8th. Stifel Nicolaus set a $14.00 target price on shares of Green Plains Partners and gave the stock a hold rating in a report on Wednesday, August 7th. Finally, BidaskClub downgraded shares of Green Plains Partners from a sell rating to a strong sell rating in a report on Saturday, August 24th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Green Plains Partners currently has a consensus rating of Hold and an average price target of $16.00.

NASDAQ GPP traded down $0.05 on Tuesday, reaching $13.38. The company had a trading volume of 161 shares, compared to its average volume of 38,345. The stock has a market capitalization of $308.95 million, a PE ratio of 8.42 and a beta of 0.53. The firm’s 50 day moving average price is $13.14 and its 200 day moving average price is $14.32. Green Plains Partners has a 12 month low of $12.53 and a 12 month 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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.12. Green Plains Partners had a net margin of 54.48% and a negative return on equity of 65.23%. The company had revenue of $20.83 million for the quarter, compared to the consensus estimate of $21.27 million. Equities research analysts expect that Green Plains Partners will post 1.8 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA grew its holdings in Green Plains Partners by 68,100.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,728 shares of the transportation company’s stock valued at $38,000 after purchasing an additional 2,724 shares during the last quarter. Advantage Investment Management LLC bought a new position in Green Plains Partners during the 2nd quarter valued at about $249,000. Sigma Planning Corp grew its holdings in Green Plains Partners by 3.6% during the 2nd quarter. Sigma Planning Corp now owns 43,174 shares of the transportation company’s stock valued at $604,000 after purchasing an additional 1,499 shares during the last quarter. LPL Financial LLC grew its holdings in Green Plains Partners by 5.3% during the 2nd quarter. LPL Financial LLC now owns 48,977 shares of the transportation company’s stock valued at $686,000 after purchasing an additional 2,444 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in 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 valued at $807,000 after purchasing an additional 4,479 shares during the last quarter. Hedge funds and other institutional investors own 16.03% of the company’s stock.

Green Plains Partners Company Profile

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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