BidaskClub upgraded shares of Green Plains Partners LP (NASDAQ:GPP) from a sell rating to a hold rating in a research note published on Saturday morning.

A number of other analysts have also weighed in on the company. Zacks Investment Research lowered Green Plains Partners from a hold rating to a sell rating in a research note on Tuesday, July 4th. Stifel Nicolaus reiterated a buy rating and issued a $22.00 target price on shares of Green Plains Partners in a research note on Friday, June 23rd. Robert W. Baird reiterated a buy rating and issued a $24.00 target price on shares of Green Plains Partners in a research note on Thursday, August 24th. ValuEngine lowered Green Plains Partners from a strong-buy rating to a buy rating in a research note on Tuesday, June 13th. Finally, Royal Bank Of Canada reiterated a buy rating and issued a $22.00 target price on shares of Green Plains Partners in a research note on Tuesday, June 6th. Two analysts have rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. The company has an average rating of Hold and a consensus price target of $22.07.

Shares of Green Plains Partners (GPP) opened at 18.50 on Friday. The company has a market capitalization of $588.54 million, a price-to-earnings ratio of 10.23 and a beta of 0.98. Green Plains Partners has a 1-year low of $17.05 and a 1-year high of $21.75. The stock has a 50 day moving average of $18.95 and a 200-day moving average of $19.37.

Green Plains Partners (NASDAQ:GPP) last released its quarterly earnings results on Monday, July 31st. The transportation company reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by $0.10. Green Plains Partners had a net margin of 54.97% and a negative return on equity of 90.84%. The company had revenue of $25.10 million for the quarter, compared to analysts’ expectations of $29.62 million. The business’s revenue was down 1.6% on a year-over-year basis. Analysts forecast that Green Plains Partners will post $1.85 earnings per share for the current year.

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The company also recently declared a quarterly dividend, which was paid on Friday, August 11th. Stockholders of record on Friday, August 4th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, August 2nd. This represents a $1.80 annualized dividend and a dividend yield of 9.73%. This is a positive change from Green Plains Partners’s previous quarterly dividend of $0.44. Green Plains Partners’s dividend payout ratio (DPR) is currently 100.00%.

Several institutional investors have recently made changes to their positions in GPP. Citigroup Inc. raised its position in shares of Green Plains Partners by 0.8% in the second quarter. Citigroup Inc. now owns 64,311 shares of the transportation company’s stock valued at $1,203,000 after buying an additional 486 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of Green Plains Partners by 11.6% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 13,635 shares of the transportation company’s stock valued at $274,000 after buying an additional 1,417 shares in the last quarter. Acrospire Investment Management LLC raised its position in shares of Green Plains Partners by 54.7% in the second quarter. Acrospire Investment Management LLC now owns 6,370 shares of the transportation company’s stock valued at $119,000 after buying an additional 2,252 shares in the last quarter. UBS Group AG raised its position in shares of Green Plains Partners by 0.7% in the first quarter. UBS Group AG now owns 335,212 shares of the transportation company’s stock valued at $6,738,000 after buying an additional 2,301 shares in the last quarter. Finally, GSA Capital Partners LLP raised its position in shares of Green Plains Partners by 13.5% in the second quarter. GSA Capital Partners LLP now owns 48,056 shares of the transportation company’s stock valued at $899,000 after buying an additional 5,718 shares in the last quarter. Hedge funds and other institutional investors own 44.81% of the company’s stock.

Green Plains Partners Company Profile

Green Plains Partners LP provides fuel storage and transportation services. The Company owns, operates, develops and acquires ethanol and fuel storage facilities, terminals, transportation assets, and other related assets and businesses. The Company’s parent company is Green Plains Inc (Green Plains).

Analyst Recommendations for Green Plains Partners (NASDAQ:GPP)

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