DA Davidson announced Green Plains Partners LP (NASDAQ:GPP), boosting its stock price target to $21.50 today
- Updated: September 17, 2016
DA Davidson bumped the estimated target of Green Plains Partners LP (NASDAQ:GPP) to $22, reporting a possible upside of 0.17%.
Yesterday Green Plains Partners LP (NASDAQ:GPP) traded 0.32% lower at $18.37. GPP’s 50-day average is $18.22 and its 200-day average is $15.33. The last stock close is up 20.82% from the 200-day average, compared with the S&P 500 Index which has fallen -0.01% over the same time. Volume of trade was was down over the average, with 41,364 shares of GPP changing hands under the typical 64,603 shares..
Recent Performance Chart:
Green Plains Partners LP has a one-year low of $12.41 and a one-year high of $20.41 with a price-earnings ratio of 12 and has a market capitalization of $0.0.
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, and 670 million gallons per year.
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