Green Plains Partners LP (GPP) was Reiterated by RBC Capital Mkts to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 19 from a previous price target of $16 . RBC Capital Mkts advised their investors in a research report released on Aug 4, 2016.
Green Plains Partners LP closed down -0.16 points or -0.90% at $17.71 with 44,744 shares getting traded on Tusday. Post opening the session at $18.16, the shares hit an intraday low of $17.224 and an intraday high of $18.256 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
In a different news, on May 24, 2016, Michelle Mapes (EVP – Gen. Counsel & Corp Sec.) purchased 2,000 shares at $13.60 per share price. According to the SEC, 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.