Green Plains (NASDAQ:GPRE) Trading Up 8% – Here’s Why

Green Plains Inc. (NASDAQ:GPRE) traded up 8% during mid-day trading on Monday . The stock traded as high as $13.15 and last traded at $12.90. 231,856 shares were traded during trading, a decline of 79% from the average session volume of 1,093,323 shares. The stock had previously closed at $11.94.

Analysts Set New Price Targets

GPRE has been the topic of several research reports. Truist Financial cut their target price on Green Plains from $25.00 to $18.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. UBS Group reduced their price objective on Green Plains from $26.00 to $23.50 and set a “buy” rating on the stock in a research note on Monday, August 19th. Oppenheimer downgraded shares of Green Plains from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 7th. Craig Hallum reduced their price target on shares of Green Plains from $34.00 to $26.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Finally, BMO Capital Markets decreased their price objective on shares of Green Plains from $22.00 to $17.00 and set a “market perform” rating for the company in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $25.50.

Green Plains Stock Down 1.8 %

The firm has a fifty day simple moving average of $12.78 and a 200-day simple moving average of $15.47. The company has a market capitalization of $832.05 million, a PE ratio of -33.87 and a beta of 1.53. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.16 and a current ratio of 1.78.

Green Plains (NASDAQ:GPRE) last issued its quarterly earnings results on Tuesday, August 6th. The specialty chemicals company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.35). Green Plains had a negative return on equity of 4.81% and a negative net margin of 0.79%. The company had revenue of $618.83 million during the quarter, compared to the consensus estimate of $646.70 million. During the same quarter last year, the firm posted ($0.89) EPS. The firm’s quarterly revenue was down 27.8% on a year-over-year basis. Equities research analysts anticipate that Green Plains Inc. will post -1.04 EPS for the current fiscal year.

Institutional Trading of Green Plains

Hedge funds and other institutional investors have recently bought and sold shares of the company. Point72 Hong Kong Ltd acquired a new position in shares of Green Plains in the 2nd quarter worth approximately $29,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Green Plains in the second quarter worth $41,000. nVerses Capital LLC bought a new position in shares of Green Plains in the 3rd quarter worth about $65,000. Crewe Advisors LLC acquired a new position in shares of Green Plains in the 1st quarter valued at about $150,000. Finally, Everence Capital Management Inc. bought a new stake in shares of Green Plains during the 3rd quarter valued at about $153,000.

About Green Plains

Green Plains Inc produces low-carbon fuels in the United States and internationally. It operates through three segments: Ethanol Production, Agribusiness and Energy Services, and Partnership. The Ethanol Production segment produces ethanol, distillers grains, and ultra-high protein and renewable corn oil.