Stifel Nicolaus Maintains Green Plains Partners LP to Buy with Price Target $20.00

Brokerage firm Stifel Nicolaus Maintains its rating on Green Plains Partners LP(NASDAQ:GPP). In a research note issued to the investors, the brokerage major Raises the price-target to $20.00 per share. The shares have been rated Buy. The rating by Stifel Nicolaus was issued on Aug 3, 2016.

Green Plains Partners LP (GPP) made into the market gainers list on Fridays trading session with the shares advancing 0.51% or 0.09 points. Due to strong positive momentum, the stock ended at $17.7, which is also near the day’s high of $17.72. The stock began the session at $17.7 and the volume stood at 24,766 shares. The 52-week high of the shares is $18.5 and the 52 week low is $10.92. The company has a current market capitalization of $563 M and it has 3,18,00,300 shares in outstanding.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Green Plains Partners LP - Is it time to Sell?

Top Brokerage Firms are advising their investors on Green Plains Partners LP. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.