Green Plains Partners (GPP) Earning Somewhat Critical Media Coverage, Accern Reports
News stories about Green Plains Partners (NASDAQ:GPP) have been trending somewhat negative on Sunday, according to Accern. Accern identifies positive and negative news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Green Plains Partners earned a news sentiment score of -0.04 on Accern’s scale. Accern also gave headlines about the transportation company an impact score of 46.2493721496019 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
A number of equities analysts have recently weighed in on the company. Stifel Nicolaus lowered Green Plains Partners from a “buy” rating to a “hold” rating and lowered their target price for the stock from $21.00 to $20.00 in a research note on Friday, November 3rd. Zacks Investment Research downgraded Green Plains Partners from a “hold” rating to a “sell” rating in a research report on Monday, November 6th. Robert W. Baird reissued a “buy” rating and set a $24.00 price target on shares of Green Plains Partners in a research report on Friday, November 3rd. BidaskClub downgraded Green Plains Partners from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, Roth Capital set a $24.00 price target on Green Plains Partners and gave the stock a “buy” rating in a research report on Tuesday, October 24th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the 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 $0.20 during mid-day trading on Friday, hitting $19.10. The company’s stock had a trading volume of 8,143 shares, compared to its average volume of 21,947. The firm has a market cap of $304.11, a P/E ratio of 10.55, a PEG ratio of 0.71 and a beta of 0.93. Green Plains Partners has a 52-week low of $17.65 and a 52-week high of $21.15. The company has a debt-to-equity ratio of -2.13, a quick ratio of 1.30 and a current ratio of 1.30.
Green Plains Partners (NASDAQ:GPP) last released its quarterly earnings data on Wednesday, November 1st. The transportation company reported $0.45 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 firm had revenue of $26.45 million for the quarter, compared to analyst estimates of $28.36 million. During the same period last year, the business earned $0.44 EPS. The company’s revenue was up .9% compared to the same quarter last year. analysts expect that Green Plains Partners will post 1.8 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 10th. Investors of record on Friday, November 3rd were issued a dividend of $0.46 per share. This is an increase from Green Plains Partners’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Thursday, November 2nd. This represents a $1.84 annualized dividend and a dividend yield of 9.63%. Green Plains Partners’s dividend payout ratio (DPR) is 101.66%.
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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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