Zacks Investment Research lowered shares of Green Plains Partners LP (NASDAQ:GPP) from a strong-buy rating to a hold rating in a research note issued to investors on Monday.

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 issued reports on GPP. Stifel Nicolaus boosted their price target on shares of Green Plains Partners from $20.00 to $22.00 and gave the company a buy rating in a research note on Tuesday, September 27th. DA Davidson initiated coverage on shares of Green Plains Partners in a research note on Thursday, August 18th. They issued a buy rating and a $21.50 price target on the stock. Royal Bank Of Canada boosted their price target on shares of Green Plains Partners from $16.00 to $19.00 and gave the company an outperform rating in a research note on Thursday, August 4th. RBC Capital Markets reissued an outperform rating and issued a $19.00 price target (up from $16.00) on shares of Green Plains Partners in a research note on Thursday, August 4th. Finally, Roth Capital reissued a buy rating on shares of Green Plains Partners in a research note on Monday, August 1st. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of Buy and an average target price of $19.56.

Shares of Green Plains Partners (NASDAQ:GPP) opened at 19.56 on Monday. The company’s 50-day moving average is $18.79 and its 200-day moving average is $15.94. The stock has a market cap of $622.01 million, a PE ratio of 12.90 and a beta of 1.39. Green Plains Partners has a 52-week low of $12.41 and a 52-week high of $20.41.

Green Plains Partners (NASDAQ:GPP) last released its quarterly earnings results on Monday, August 1st. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. Green Plains Partners had a net margin of 52.66% and a return on equity of 131.23%. Equities analysts anticipate that Green Plains Partners will post $1.71 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Feltz Wealth PLAN Inc. bought a new position in shares of Green Plains Partners during the second quarter valued at about $167,000. BlackRock Institutional Trust Company N.A. bought a new position in shares of Green Plains Partners during the second quarter valued at about $238,000. GSA Capital Partners LLP bought a new position in shares of Green Plains Partners during the second quarter valued at about $259,000. Nwam LLC bought a new position in shares of Green Plains Partners during the second quarter valued at about $276,000. Finally, Renaissance Technologies LLC boosted its position in shares of Green Plains Partners by 26.1% in the first quarter. Renaissance Technologies LLC now owns 69,600 shares of the company’s stock valued at $936,000 after buying an additional 14,424 shares during the last quarter. Institutional investors and hedge funds own 53.03% of the company’s stock.

About Green Plains Partners

Green Plains Partners LP provides fee-based fuel storage and transportation services by owning, operating, developing and acquiring ethanol and fuel storage tanks, terminals, transportation assets and other related assets and businesses. The Company’s parent company is Green Plains Inc (Green Plains).

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