A statement released earlier today by Zacks Investment Research about Green Plains Partners LP (NASDAQ:GPP) bumps the target price to $22.00
- Updated: October 4, 2016
Zacks Investment Research bumped up the target of Green Plains Partners LP (NASDAQ:GPP) to $22.00 stating a potential upside of 0.13%.
Boasting a price of $19.55, Green Plains Partners LP (NASDAQ:GPP) traded -0.05% lower on the day. With the last close up 22.31% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Green Plains Partners LP has recorded a 50-day average of $18.84 and a two hundred day average of $15.98. Volume of trade was down over the average, with 43,266 shares of GPP changing hands under the typical 68,677
With a total market value of $0, Green Plains Partners LP has price-earnings ratio of 12.90 with a one year low of $12.41 and a one year high of $20.41 .
More About Green Plains Partners LP (NASDAQ:GPP)
Green Plains Partners LP provides fee-based fuel storage and transportation services by owning, operating, developing and acquiring ethanol and fuel storage tanks, terminals, transportation assets and other related assets and businesses. The Company's parent company is Green Plains Inc. (Green Plains). The Company was formed by Green Plains, a vertically integrated ethanol producer, to support its marketing and distribution activities as its primary downstream logistics provider. The Company's ethanol storage assets are the principal method of storing the ethanol produced at its parent's ethanol production plants. The Company owns approximately 30 ethanol storage facilities and approximately 50 acres of land. The Company's storage tanks are located at its parent's ethanol production plants. The Company's ethanol storage tanks have combined storage capacity of approximately 31.8 million gallons (mmg) and an aggregate throughput capacity of approximately 1,670 million gallons per year.
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