Green Plains Partners LP (GPP) is Initiated by DA Davidson to Buy, Price Target at $21.50

Green Plains Partners LP (GPP) was Initiated by DA Davidson to “Buy” and the brokerage firm has set the Price Target at $21.50. DA Davidson advised their investors in a research report released on Aug 18, 2016.

Many Wall Street Analysts have commented on Green Plains Partners LP. Company shares were Reiterated by RBC Capital Mkts on Aug 4, 2016 to “Outperform”, Firm has raised the Price Target to $ 19 from a previous price target of $16 .

Green Plains Partners LP opened for trading at $17.89 and hit $18.37 on the upside on Wednesday, eventually ending the session at $18.15, with a gain of 1.91% or 0.34 points. The heightened volatility saw the trading volume jump to 57,200 shares. Company has a market cap of $577 M.

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.

Green Plains Partners LP

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