Green Plains Partners LP (GPP) Receives Consensus Rating of “Hold” from Analysts

Green Plains Partners LP (NASDAQ:GPP) has been given an average rating of “Hold” by the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $18.00.

A number of equities research analysts have issued reports on GPP shares. Stifel Nicolaus cut their price objective on shares of Green Plains Partners from $18.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, October 11th. Stephens set a $21.00 price objective on Green Plains Partners and gave the company a “buy” rating in a report on Wednesday, July 25th. Robert W. Baird restated a “buy” rating and issued a $18.00 price objective (down from $20.00) on shares of Green Plains Partners in a report on Friday, September 14th. Zacks Investment Research upgraded Green Plains Partners from a “sell” rating to a “hold” rating in a report on Thursday, September 6th. Finally, BidaskClub upgraded Green Plains Partners from a “sell” rating to a “hold” rating in a report on Wednesday, October 24th.

NASDAQ GPP traded down $0.14 on Friday, reaching $14.90. 49,278 shares of the stock were exchanged, compared to its average volume of 73,460. Green Plains Partners has a one year low of $14.40 and a one year high of $20.00. The stock has a market cap of $474.25 million, a price-to-earnings ratio of 8.23, a PEG ratio of 0.57 and a beta of 0.43.

Green Plains Partners (NASDAQ:GPP) last released its earnings results on Wednesday, August 1st. The transportation company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.03). Green Plains Partners had a negative return on equity of 89.66% and a net margin of 54.40%. The firm had revenue of $25.84 million for the quarter, compared to the consensus estimate of $27.16 million. Sell-side analysts predict that Green Plains Partners will post 1.74 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 9th. Shareholders of record on Friday, November 2nd will be paid a $0.475 dividend. The ex-dividend date of this dividend is Thursday, November 1st. This represents a $1.90 annualized dividend and a yield of 12.75%. Green Plains Partners’s dividend payout ratio (DPR) is presently 104.97%.

Institutional investors and hedge funds have recently bought and sold shares of the business. Luzich Partners LLC purchased a new stake in shares of Green Plains Partners during the second quarter worth about $2,130,000. Bank of America Corp DE boosted its position in Green Plains Partners by 673.7% in the second quarter. Bank of America Corp DE now owns 63,904 shares of the transportation company’s stock valued at $1,096,000 after buying an additional 55,645 shares during the last quarter. Sigma Planning Corp boosted its position in Green Plains Partners by 8.2% in the second quarter. Sigma Planning Corp now owns 44,422 shares of the transportation company’s stock valued at $762,000 after buying an additional 3,377 shares during the last quarter. Raymond James & Associates boosted its position in Green Plains Partners by 11.4% in the second quarter. Raymond James & Associates now owns 40,143 shares of the transportation company’s stock valued at $688,000 after buying an additional 4,123 shares during the last quarter. Finally, Stifel Financial Corp boosted its position in Green Plains Partners by 16.5% in the first quarter. Stifel Financial Corp now owns 24,899 shares of the transportation company’s stock valued at $434,000 after buying an additional 3,526 shares during the last quarter. Institutional investors own 16.35% of the company’s stock.

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 39 ethanol storage facilities and approximately 61 acres of land.

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