Green Plains Partners LP (GPP) Given Consensus Recommendation of “Hold” by Analysts

Shares of Green Plains Partners LP (NASDAQ:GPP) have earned an average recommendation of “Hold” from the nine ratings firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $17.40.

A number of research firms have recently weighed in on GPP. Zacks Investment Research raised Green Plains Partners from a “sell” rating to a “hold” rating in a research note on Wednesday. Robert W. Baird lowered Green Plains Partners from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $18.00 to $17.00 in a report on Thursday, March 7th. Finally, BidaskClub raised Green Plains Partners from a “sell” rating to a “hold” rating in a report on Wednesday, February 27th.

GPP stock traded up $0.01 during trading hours on Wednesday, hitting $15.93. 102 shares of the stock traded hands, compared to its average volume of 20,108. Green Plains Partners has a one year low of $13.30 and a one year high of $18.00. The stock has a market capitalization of $368.38 million, a P/E ratio of 10.02 and a beta of 0.50.

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

In other Green Plains Partners news, insider Michelle Mapes sold 16,200 shares of Green Plains Partners stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $15.39, for a total value of $249,318.00. Following the completion of the transaction, the insider now owns 1,502 shares in the company, valued at approximately $23,115.78. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Several hedge funds have recently added to or reduced their stakes in the company. Citigroup Inc. lifted its holdings 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 valued at $75,000 after purchasing an additional 4,203 shares in the last quarter. Barclays PLC acquired a new stake in shares of Green Plains Partners in the 4th quarter valued at $118,000. GSA Capital Partners LLP boosted its holdings in shares of Green Plains Partners by 13.1% in 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 shares of Green Plains Partners in the 4th quarter valued at $199,000. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Green Plains Partners by 20.9% in 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. Institutional investors own 29.46% 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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Analyst Recommendations for Green Plains Partners (NASDAQ:GPP)

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