News headlines about Green Plains Partners (NASDAQ:GPP) have been trending somewhat negative on Monday, according to Alpha One. Alpha One, a unit of Accern, identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Green Plains Partners earned a news impact score of -0.04 on Alpha One’s scale. Alpha One also gave media stories about the transportation company an impact score of 0 out of 100, indicating that recent news coverage is extremely unlikely to have an effect on the stock’s share price in the near term.
A number of research analysts have issued reports on GPP shares. Royal Bank of Canada reiterated a “buy” rating and issued a $22.00 target price on shares of Green Plains Partners in a research report on Friday, March 24th. Zacks Investment Research raised Green Plains Partners from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Wednesday, May 3rd. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $21.30.
Green Plains Partners (NASDAQ:GPP) traded down 0.26% during trading on Monday, hitting $19.50. The company had a trading volume of 15,114 shares. The stock has a market capitalization of $620.10 million, a price-to-earnings ratio of 10.62 and a beta of 1.00. Green Plains Partners has a 1-year low of $13.42 and a 1-year high of $21.75. The company’s 50 day moving average price is $19.88 and its 200-day moving average price is $19.53.
Green Plains Partners (NASDAQ:GPP) last announced its quarterly earnings results on Monday, May 1st. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by $0.03. The business had revenue of $27.20 million during the quarter, compared to the consensus estimate of $29.48 million. Green Plains Partners had a net margin of 54.74% and a negative return on equity of 348.14%. Green Plains Partners’s revenue was up 14.3% on a year-over-year basis. On average, analysts expect that Green Plains Partners will post $1.97 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Friday, May 5th were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 9.00%. The ex-dividend date was Wednesday, May 3rd. This is a positive change from Green Plains Partners’s previous quarterly dividend of $0.43. Green Plains Partners’s payout ratio is 98.29%.
In other news, CEO Todd A. Becker bought 5,000 shares of Green Plains Partners stock in a transaction dated Thursday, March 9th. The shares were bought at an average price of $19.96 per share, for a total transaction of $99,800.00. Following the purchase, the chief executive officer now owns 62,556 shares of the company’s stock, valued at $1,248,617.76. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
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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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