Green Plains Partners (GPP) Getting Somewhat Negative Media Coverage, Analysis Shows
News headlines about Green Plains Partners (NASDAQ:GPP) have trended somewhat negative on Thursday, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Green Plains Partners earned a news impact score of -0.01 on Accern’s scale. Accern also gave press coverage about the transportation company an impact score of 46.2347254610914 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of Green Plains Partners (GPP) traded down $0.15 during trading hours on Thursday, hitting $19.00. 13,100 shares of the company were exchanged, compared to its average volume of 37,355. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of -2.13. Green Plains Partners has a twelve month low of $17.65 and a twelve month high of $21.15. The company has a market cap of $304.91, a P/E ratio of 10.58, a PEG ratio of 0.71 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 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.04). Green Plains Partners had a net margin of 55.10% and a negative return on equity of 92.23%. The business had revenue of $26.45 million for the quarter, compared to the consensus estimate of $28.36 million. During the same period in the prior year, the company earned $0.44 EPS. Green Plains Partners’s quarterly revenue was up .9% on a year-over-year basis. analysts expect that Green Plains Partners will post 1.8 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, November 10th. Shareholders of record on Friday, November 3rd were paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 9.68%. This is a positive change from Green Plains Partners’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Thursday, November 2nd. Green Plains Partners’s payout ratio is presently 101.66%.
GPP has been the subject of several research analyst reports. Stifel Nicolaus downgraded shares of Green Plains Partners from a “buy” rating to a “hold” rating and dropped their target price for the stock from $21.00 to $20.00 in a research report on Friday, November 3rd. Zacks Investment Research downgraded shares of Green Plains Partners from a “hold” rating to a “sell” rating in a research report on Monday, November 6th. Roth Capital set a $24.00 target price on shares of Green Plains Partners and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. BidaskClub downgraded shares of Green Plains Partners from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, Robert W. Baird reissued a “buy” rating and issued a $24.00 target price on shares of Green Plains Partners in a research report on Friday, November 3rd. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. Green Plains Partners has an average rating of “Hold” and an average target price of $21.80.
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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).
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