DA Davidson Initiates Coverage on Green Plains Partners LP to Buy

DA Davidson Initiates Coverage on Green Plains Partners LP(NASDAQ:GPP). The shares have been rated Buy. The rating by DA Davidson was issued on Aug 18, 2016.

In a different note, On Aug 3, 2016, Stifel Nicolaus said it Maintains its rating on Green Plains Partners LP. In the research note, the firm Raises the price-target to $17.00 per share. The shares have been rated ‘Buy’ by the firm.

Green Plains Partners LP (GPP) shares turned negative on Mondays trading session with the shares closing down -0.03 points or -0.17% at a volume of 64,789. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $18.06. The peak price level was also seen at $18.06 while the days lowest was $17.63. Finally the shares closed at $17.86. The 52-week high of the shares is $18.979 while the 52-week low is $10.92. According to the latest information available, the market cap of the company is $568 M.

Green Plains Partners LP(GPP) last announced its earnings results on Aug 1, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $25.49M. Analysts had an estimated revenue of $25.05M. Earnings per share were $0.43. Analysts had estimated an EPS of $0.40.

Several Insider Transactions has been reported to the SEC. On May 24, 2016, Michelle Mapes (EVP – Gen. Counsel & Corp Sec.) purchased 2,000 shares at $13.60 per share price.Also, On May 20, 2016, Jeffrey S. Briggs (COO) purchased 1,000 shares at $13.50 per share price.On Nov 20, 2015, Clayton E Killinger (director) purchased 3,850 shares at $13.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Green Plains Partners LP owns operates develops and acquires ethanol and fuel storage tanks terminals transportation assets and other related assets and businesses. The Company operates through four segments: production of ethanol and distillers grains (ethanol production); corn oil production; grain handling and storage and cattle feedlot operations (agribusiness) and marketing merchant trading and logistics services for self-produced and third-party ethanol distillers grains corn oil and other commodities (marketing and distribution). The Company’s parent company is Green Plains Inc. The Company owns and operates approximately 27 ethanol storage tanks. Its ethanol storage assets are engaged in storing and loading the ethanol that its parent produces at its ethanol production plants. It provides terminal services and logistics solutions through its fuel terminal facilities. Its transportation assets include a leased railcar fleet of approximately 2200 railcars.

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