Green Plains Partners LP (NASDAQ:GPP) was downgraded by equities researchers at Stifel Nicolaus from a “buy” rating to a “hold” rating in a report released on Friday. They currently have a $20.00 target price on the transportation company’s stock, down from their prior target price of $21.00.

Other analysts have also issued reports about the stock. Robert W. Baird restated a “buy” rating and set a $24.00 target price on shares of Green Plains Partners in a research report on Thursday, August 24th. BidaskClub lowered shares of Green Plains Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Bank of America Corporation lowered shares of Green Plains Partners from a “buy” rating to an “underperform” rating and dropped their price target for the stock from $22.00 to $19.00 in a research report on Wednesday, August 2nd. Zacks Investment Research lowered shares of Green Plains Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Finally, Roth Capital set a $24.00 price target on shares of Green Plains Partners and gave the stock a “buy” rating in a research report on Tuesday, October 24th. Three analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $21.80.

Shares of Green Plains Partners (NASDAQ:GPP) traded up $0.60 during midday trading on Friday, reaching $20.00. 59,173 shares of the company traded hands, compared to its average volume of 21,744. The company has a debt-to-equity ratio of -2.12, a current ratio of 1.29 and a quick ratio of 1.29. The company has a market capitalization of $318.44, a price-to-earnings ratio of 11.05, a price-to-earnings-growth ratio of 0.73 and a beta of 0.98. Green Plains Partners has a 12 month low of $17.05 and a 12 month high of $21.15.

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

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Several hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Green Plains Partners by 18.6% in 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 in the last quarter. State of New Jersey Common Pension Fund D purchased a new position in shares of Green Plains Partners in the third quarter worth $1,960,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Green Plains Partners in the second quarter worth $327,000. WealthPLAN Partners LLC purchased a new position in shares of Green Plains Partners in the second quarter worth $210,000. Finally, Citigroup Inc. lifted 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 worth $1,203,000 after buying an additional 486 shares in the last quarter. 44.81% of the stock is currently owned by hedge funds and other institutional investors.

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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