Green Plains Partners LP (NASDAQ:GPP) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

GPP has been the topic of a number of other reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Green Plains Partners in a research note on Friday, June 23rd. ValuEngine lowered shares of Green Plains Partners from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. Roth Capital set a $24.00 price objective on shares of Green Plains Partners and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Zacks Investment Research lowered shares of Green Plains Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Green Plains Partners in a research note on Tuesday, June 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $22.20.

Shares of Green Plains Partners (GPP) opened at 20.20 on Tuesday. The firm has a market capitalization of $642.62 million, a price-to-earnings ratio of 11.17 and a beta of 1.00. Green Plains Partners has a 52 week low of $17.05 and a 52 week high of $21.75. The firm has a 50-day moving average of $19.83 and a 200 day moving average of $19.83.

Green Plains Partners (NASDAQ:GPP) last released its quarterly earnings data on Monday, July 31st. The transportation company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $25.10 million during the quarter, compared to the consensus estimate of $29.62 million. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. On average, equities analysts predict that Green Plains Partners will post $1.84 earnings per share for the current fiscal year.

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Several hedge funds have recently made changes to their positions in the company. Citigroup Inc. raised its holdings 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 purchasing an additional 486 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings 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 purchasing an additional 1,417 shares during the last quarter. Acrospire Investment Management LLC raised its holdings 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 purchasing an additional 2,252 shares during the last quarter. UBS Group AG raised its holdings 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 purchasing an additional 2,301 shares during the last quarter. Finally, GSA Capital Partners LLP raised its holdings 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 purchasing an additional 5,718 shares during the last quarter. Institutional investors own 44.81% of the company’s stock.

About Green Plains Partners

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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