Green Plains Partners (NASDAQ:GPP) was downgraded by equities researchers at BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Saturday.

Other equities research analysts also recently issued reports about the company. Zacks Investment Research downgraded Green Plains Partners from a “hold” rating to a “sell” rating in a research note on Monday, November 6th. Stifel Nicolaus restated a “buy” rating and set a $21.00 price target on shares of Green Plains Partners in a research note on Thursday, October 12th. Robert W. Baird restated a “buy” rating and set a $24.00 price target on shares of Green Plains Partners in a research note on Friday, November 3rd. Finally, Roth Capital set a $24.00 price target on Green Plains Partners and gave the company a “buy” rating in a research note on Tuesday, October 24th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $21.80.

Green Plains Partners (NASDAQ:GPP) traded up $0.20 during midday trading on Friday, reaching $18.20. The company had a trading volume of 26,300 shares, compared to its average volume of 42,300. Green Plains Partners has a 52 week low of $16.50 and a 52 week high of $21.15. The company has a market cap of $578.98 and a P/E ratio of 9.84. The company has a debt-to-equity ratio of -2.13, a current ratio of 1.30 and a quick 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 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.04). Green Plains Partners had a negative return on equity of 92.23% and a net margin of 55.10%. The business had revenue of $26.45 million during the quarter, compared to the consensus estimate of $28.36 million. During the same quarter in the previous year, the business posted $0.44 earnings per share. Green Plains Partners’s quarterly revenue was up .9% compared to the same quarter last year. equities research analysts anticipate that Green Plains Partners will post 1.79 EPS for the current year.

In related news, EVP Michelle Mapes sold 2,692 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $19.10, for a total transaction of $51,417.20. Following the completion of the transaction, the executive vice president now directly owns 33,148 shares in the company, valued at approximately $633,126.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Tourbillon Capital Partners, L sold 1,209,043 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $16.02, for a total value of $19,368,868.86. The disclosure for this sale can be found here.

Large investors have recently made changes to their positions in the stock. Stifel Financial Corp purchased a new position in Green Plains Partners in the 3rd quarter worth approximately $250,000. Arrow Investment Advisors LLC lifted its holdings in Green Plains Partners by 16.7% in the 3rd quarter. Arrow Investment Advisors LLC now owns 39,844 shares of the transportation company’s stock worth $801,000 after purchasing an additional 5,714 shares in the last quarter. SNS Financial Group LLC lifted its holdings in Green Plains Partners by 12.9% in the 3rd quarter. SNS Financial Group LLC now owns 270,000 shares of the transportation company’s stock worth $5,427,000 after purchasing an additional 30,875 shares in the last quarter. Sigma Planning Corp lifted its holdings in Green Plains Partners by 12.8% in the 3rd quarter. Sigma Planning Corp now owns 30,335 shares of the transportation company’s stock worth $610,000 after purchasing an additional 3,449 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in Green Plains Partners by 18.6% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 27,003 shares of the transportation company’s stock worth $543,000 after purchasing an additional 4,227 shares in the last quarter. Institutional investors own 44.24% of the company’s stock.

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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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