Green Plains Partners (NASDAQ:GPP) Upgraded by BidaskClub to Sell

Green Plains Partners (NASDAQ:GPP) was upgraded by BidaskClub from a “strong sell” rating to a “sell” rating in a report issued on Friday, BidAskClub reports.

Several other analysts have also issued reports on the company. Stifel Nicolaus set a $14.00 target price on Green Plains Partners and gave the stock a “hold” rating in a report on Wednesday, August 7th. ValuEngine lowered Green Plains Partners from a “sell” rating to a “strong sell” rating in a report on Thursday, August 8th. Finally, Zacks Investment Research raised Green Plains Partners from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Wednesday. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $16.00.

GPP stock remained flat at $$13.43 during trading hours on Friday. The company’s stock had a trading volume of 1,584 shares, compared to its average volume of 38,345. The firm has a market cap of $311.12 million, a price-to-earnings ratio of 8.45 and a beta of 0.53. The firm has a 50 day moving average price of $13.14 and a 200-day moving average price of $14.32. Green Plains Partners has a 1 year low of $12.53 and a 1 year high of $16.47.

Green Plains Partners (NASDAQ:GPP) last posted its quarterly earnings data on Monday, August 5th. The transportation company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.12. The firm had revenue of $20.83 million for the quarter, compared to analysts’ expectations of $21.27 million. Green Plains Partners had a negative return on equity of 65.23% and a net margin of 54.48%. As a group, analysts forecast that Green Plains Partners will post 1.8 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the stock. Virtus ETF Advisers LLC acquired a new stake in Green Plains Partners in the second quarter valued at about $2,267,000. HighTower Advisors LLC boosted its stake in Green Plains Partners by 24.0% in the second quarter. HighTower Advisors LLC now owns 108,587 shares of the transportation company’s stock valued at $1,519,000 after buying an additional 21,014 shares in the last quarter. LPL Financial LLC boosted its stake in Green Plains Partners by 5.3% in the second quarter. LPL Financial LLC now owns 48,977 shares of the transportation company’s stock valued at $686,000 after buying an additional 2,444 shares in the last quarter. Sigma Planning Corp boosted its stake in Green Plains Partners by 3.6% in the second quarter. Sigma Planning Corp now owns 43,174 shares of the transportation company’s stock valued at $604,000 after buying an additional 1,499 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake in Green Plains Partners by 68,100.0% in the second quarter. BNP Paribas Arbitrage SA now owns 2,728 shares of the transportation company’s stock valued at $38,000 after buying an additional 2,724 shares in the last quarter. 16.03% of the stock is currently owned by institutional investors and hedge funds.

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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