ValuEngine Downgrades Green Plains Partners (NASDAQ:GPP) to Strong Sell

ValuEngine downgraded shares of Green Plains Partners (NASDAQ:GPP) from a sell rating to a strong sell rating in a research report sent to investors on Thursday, ValuEngine reports.

GPP has been the topic of a number of other research reports. Raymond James reiterated a buy rating and set a $18.00 target price on shares of Green Plains Partners in a report on Tuesday, February 11th. Zacks Investment Research upgraded Green Plains Partners from a hold rating to a buy rating and set a $16.00 target price on the stock in a report on Saturday, February 15th. Finally, BidaskClub upgraded Green Plains Partners from a sell rating to a hold rating in a report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $16.00.

Green Plains Partners stock remained flat at $$5.50 during midday trading on Thursday. The company had a trading volume of 76,200 shares, compared to its average volume of 88,720. The stock’s 50-day moving average price is $10.25 and its 200-day moving average price is $12.94. Green Plains Partners has a twelve month low of $3.47 and a twelve month high of $16.13. The firm has a market capitalization of $127.38 million, a P/E ratio of 3.14 and a beta of 1.17.

Green Plains Partners (NASDAQ:GPP) last released its quarterly earnings results on Monday, February 10th. The transportation company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.01). The business had revenue of $20.32 million for the quarter, compared to the consensus estimate of $21.07 million. Green Plains Partners had a net margin of 50.09% and a negative return on equity of 55.40%. As a group, research analysts anticipate that Green Plains Partners will post 1.88 earnings per share for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Virtus ETF Advisers LLC boosted its stake in Green Plains Partners by 32.0% during the 4th quarter. Virtus ETF Advisers LLC now owns 273,730 shares of the transportation company’s stock valued at $3,783,000 after purchasing an additional 66,299 shares during the last quarter. Jane Street Group LLC purchased a new stake in Green Plains Partners during the 4th quarter valued at $1,354,000. Russell Investments Group Ltd. purchased a new stake in Green Plains Partners during the 4th quarter valued at $560,000. Stifel Financial Corp boosted its stake in Green Plains Partners by 8.3% during the 4th quarter. Stifel Financial Corp now owns 33,006 shares of the transportation company’s stock valued at $459,000 after purchasing an additional 2,536 shares during the last quarter. Finally, Macquarie Group Ltd. lifted its holdings in shares of Green Plains Partners by 8.8% during the 4th quarter. Macquarie Group Ltd. now owns 32,982 shares of the transportation company’s stock valued at $456,000 after buying an additional 2,672 shares during the period. Institutional investors and hedge funds own 26.57% of the company’s stock.

About Green Plains Partners

Green Plains Partners LP provides fuel storage and transportation services. It acquires, owns, develops, and operates ethanol and fuel storage tanks, terminals, transportation assets, and other related assets and businesses. The company owns or leases 32 ethanol storage facilities and approximately 49 acres of land.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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