Stifel Nicolaus cut shares of Green Plains Partners LP (NASDAQ:GPP) from a buy rating to a hold rating in a report released on Friday. They currently have $20.00 price objective on the transportation company’s stock, down from their prior price objective of $21.00.

Other research analysts have also recently issued reports about the company. Roth Capital set a $24.00 target price on Green Plains Partners and gave the company a buy rating in a research note on Wednesday, August 2nd. Zacks Investment Research raised Green Plains Partners from a sell rating to a hold rating in a research note on Wednesday, October 4th. BidaskClub cut Green Plains Partners from a buy rating to a hold rating in a research note on Tuesday, October 3rd. Robert W. Baird reissued a buy rating and issued a $24.00 target price on shares of Green Plains Partners in a research note on Thursday, August 24th. Finally, Bank of America Corporation cut Green Plains Partners from a buy rating to an underperform rating and decreased their target price for the company from $22.00 to $19.00 in a research note on Wednesday, August 2nd. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. Green Plains Partners currently has an average rating of Hold and a consensus target price of $21.80.

Shares of Green Plains Partners (NASDAQ GPP) traded up $0.60 during trading on Friday, hitting $20.00. The company had a trading volume of 59,173 shares, compared to its average volume of 21,744. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of -2.12. Green Plains Partners has a twelve month low of $17.05 and a twelve month high of $21.15. The firm has a market capitalization of $318.44, a PE ratio of 11.05, a PEG ratio of 0.73 and a beta of 0.98.

Green Plains Partners (NASDAQ:GPP) last announced its quarterly earnings data on Wednesday, November 1st. The transportation company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.04). Green Plains Partners had a negative return on equity of 92.40% and a net margin of 55.10%. The company had revenue of $26.45 million for the quarter, compared to analyst estimates of $28.36 million. During the same period last year, the firm earned $0.44 earnings per share. The firm’s revenue for the quarter was up .9% on a year-over-year basis. research analysts predict that Green Plains Partners will post 1.8 earnings per share for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 10th. Stockholders of record on Friday, November 3rd will be given a dividend of $0.46 per share. This is a boost from Green Plains Partners’s previous quarterly dividend of $0.45. This represents a $1.84 annualized dividend and a dividend yield of 9.20%. The ex-dividend date of this dividend is Thursday, November 2nd. Green Plains Partners’s dividend payout ratio is currently 101.66%.

Several hedge funds have recently bought and sold shares of the company. Citigroup Inc. boosted its position in shares of Green Plains Partners by 0.8% during the second quarter. Citigroup Inc. now owns 64,311 shares of the transportation company’s stock worth $1,203,000 after buying an additional 486 shares during the period. Acrospire Investment Management LLC boosted its position in shares of Green Plains Partners by 54.7% during the second quarter. Acrospire Investment Management LLC now owns 6,370 shares of the transportation company’s stock worth $119,000 after buying an additional 2,252 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in shares of Green Plains Partners by 18.6% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 27,003 shares of the transportation company’s stock worth $543,000 after buying an additional 4,227 shares during the period. GSA Capital Partners LLP boosted its position in shares of Green Plains Partners by 13.5% during the second quarter. GSA Capital Partners LLP now owns 48,056 shares of the transportation company’s stock worth $899,000 after buying an additional 5,718 shares during the period. Finally, Walnut Private Equity Partners LLC boosted its position in shares of Green Plains Partners by 50.0% during the second quarter. Walnut Private Equity Partners LLC now owns 30,000 shares of the transportation company’s stock worth $561,000 after buying an additional 10,000 shares during the period. 44.81% of the stock is owned by institutional investors.

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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