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

A number of other analysts have also recently commented on GPP. Roth Capital set a $24.00 price objective on shares of Green Plains Partners and gave the company a “buy” rating in a research report on Tuesday, October 24th. Stifel Nicolaus cut shares of Green Plains Partners from a “buy” rating to a “hold” rating and lowered their price objective for the company from $21.00 to $20.00 in a research report on Friday, November 3rd. Robert W. Baird restated a “buy” rating and issued a $24.00 price objective on shares of Green Plains Partners in a research report on Friday, November 3rd. Zacks Investment Research cut shares of Green Plains Partners from a “hold” rating to a “sell” rating in a research report on Monday, November 6th. Finally, ValuEngine cut shares of Green Plains Partners from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. Three equities research analysts have rated the stock with a sell rating and five have assigned a buy rating to the stock. Green Plains Partners currently has a consensus rating of “Hold” and an average price target of $21.80.

Shares of Green Plains Partners (GPP) opened at $17.45 on Friday. 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 has a 1 year low of $16.50 and a 1 year high of $21.00. The company has a market cap of $270.68, a price-to-earnings ratio of 9.64, a P/E/G ratio of 0.57 and a beta of 0.74.

Green Plains Partners (NASDAQ:GPP) last released its quarterly earnings data on Wednesday, February 7th. The transportation company reported $0.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.03. Green Plains Partners had a net margin of 55.02% and a negative return on equity of 92.17%. The business had revenue of $28.25 million during the quarter, compared to analysts’ expectations of $28.22 million. During the same quarter in the prior year, the company earned $0.50 EPS. The firm’s quarterly revenue was down .1% on a year-over-year basis. research analysts expect that Green Plains Partners will post 2 earnings per share for the current year.

In related news, major shareholder Tourbillon Capital Partners, L sold 1,209,043 shares of the company’s stock in a transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michelle Mapes sold 2,692 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $633,126.80. The disclosure for this sale can be found here.

A number of hedge funds and other institutional investors have recently made changes to their positions in GPP. Arrowstreet Capital Limited Partnership acquired a new position in Green Plains Partners in the 2nd quarter worth $327,000. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Green Plains Partners by 67.0% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 22,776 shares of the transportation company’s stock worth $426,000 after buying an additional 9,141 shares during the last quarter. State of New Jersey Common Pension Fund D acquired a new position in shares of Green Plains Partners during the 3rd quarter worth about $1,960,000. Sigma Planning Corp boosted its stake in shares of Green Plains Partners by 12.8% during the 3rd quarter. Sigma Planning Corp now owns 30,335 shares of the transportation company’s stock worth $610,000 after buying an additional 3,449 shares during the last quarter. Finally, SNS Financial Group LLC boosted its stake in shares of Green Plains Partners by 12.9% during the 3rd quarter. SNS Financial Group LLC now owns 270,000 shares of the transportation company’s stock worth $5,427,000 after buying an additional 30,875 shares during the last quarter. 44.36% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: This news story was originally reported by Daily Political and is the sole property of of Daily Political. If you are accessing this news story on another domain, it was stolen and republished in violation of US and international trademark & copyright law. The original version of this news story can be accessed at https://www.dailypolitical.com/2018/02/10/green-plains-partners-gpp-upgraded-at-bidaskclub.html.

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)

Receive News & Ratings for Green Plains Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Plains Partners and related companies with MarketBeat.com's FREE daily email newsletter.