Green Plains Inc. (NASDAQ:GPRE – Get Free Report) surged 10.3% on Wednesday. The company traded as high as $15.64 and was last seen at $15.58. 83,160 shares changed hands during midday trading, a 93% decline from the average session volume of 1,136,110 shares. The stock had previously closed at $14.13.
Wall Street analysts comment
Several equities analysts have recently issued reports on the stock. Bank of America lowered their price target on shares of Green Plains from $29.00 to $26.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Stephens reiterated an “equal weight” rating and issued a $24.00 price target on shares of Green Plains in a research report on Tuesday, May 7th. StockNews.com downgraded shares of Green Plains from a “hold” rating to a “sell” rating in a report on Monday, May 6th. BMO Capital Markets lowered their price target on Green Plains from $22.00 to $17.00 and gave the stock a “market perform” rating in a report on Wednesday. Finally, Oppenheimer downgraded Green Plains from an “outperform” rating to a “market perform” rating in a research note on Wednesday. One analyst has rated the stock with a “sell,” three have given a “hold” rating and six have given the company a “buy” rating. Based on data from MarketBeat, Green Plains has a consensus rating of “moderate buy” and an average price target of $26.78.
Get our latest research report on GPRE
Green Plains shares down 1.6%
The company has a market cap of $918.24 million, a price to earnings ratio of -11.55 and a beta of 1.58. The company has a 50-day moving average price of $16.17 and a 200-day moving average price of $19.47. The company has a current ratio of 1.75, a quick ratio of 1.18 and a debt-to-equity ratio of 0.54.
Green Plains (NASDAQ:GPRE – Get Free Report) last announced its earnings results on Tuesday, August 6. The specialty chemicals company reported -$0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of -$0.03 by -$0.35. The company had revenue of $618.83 million for the quarter, compared to analyst estimates of $646.70 million. Green Plains posted a negative return on equity of 7.86% and a negative net margin of 2.43%. The company’s revenue declined 27.8% year-over-year. In the same quarter last year, the company reported earnings per share of -$0.89. On average, equities analysts forecast that Green Plains Inc. will post earnings per share of -$0.45 for the current year.
Institutional trading with Green Plains
Institutional investors and hedge funds have recently made changes to their positions in the stock. Quest Partners LLC acquired a new position in Green Plains in the 4th quarter valued at about $26,000. Headlands Technologies LLC acquired a new position in shares of Green Plains in the fourth quarter valued at about $88,000. Crewe Advisors LLC acquired a new position in shares of Green Plains in the first quarter valued at about $150,000. Equitable Trust Co. acquired a new position in Green Plains in the second quarter valued at about $191,000. Finally, Cape Investment Advisory Inc. acquired a new position in Green Plains in the 4th quarter valued at about $196,000.
About Green Plains
(Get free report)
Green Plains Inc. produces low-carbon fuels in the United States and internationally. The company operates in three segments: Ethanol Production, Agribusiness and Energy Services, and Partnerships. The Ethanol Production segment produces ethanol, distillery residues, and ultra-high-protein and renewable corn oil.
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