Green Plains (NASDAQ:GPRE) Reaches New 1-Year Low – What’s Next?

Green Plains Inc. (NASDAQ:GPRE) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $10.11 and last traded at $10.26, with a volume of 250036 shares changing hands. The stock had previously closed at $10.30.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on GPRE shares. Stephens raised shares of Green Plains to a “hold” rating in a research report on Monday, December 2nd. StockNews.com raised shares of Green Plains from a “sell” rating to a “hold” rating in a research report on Friday, December 6th. UBS Group cut 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. Finally, Truist Financial lowered their price target on Green Plains from $25.00 to $18.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $25.50.

Green Plains Stock Performance

The firm has a market cap of $707.28 million, a price-to-earnings ratio of -28.92 and a beta of 1.44. The stock’s fifty day moving average is $11.42 and its two-hundred day moving average is $13.67. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.16 and a current ratio of 1.78.

Hedge Funds Weigh In On Green Plains

Several hedge funds and other institutional investors have recently made changes to their positions in GPRE. Kailix Advisors LLC boosted its position in Green Plains by 39.8% during the 2nd quarter. Kailix Advisors LLC now owns 1,343,269 shares of the specialty chemicals company’s stock worth $22,406,000 after acquiring an additional 382,517 shares during the period. Lumbard & Kellner LLC acquired a new stake in Green Plains in the second quarter worth about $4,685,000. American Century Companies Inc. grew its position in Green Plains by 287.6% in the 2nd quarter. American Century Companies Inc. now owns 332,586 shares of the specialty chemicals company’s stock valued at $5,275,000 after buying an additional 246,773 shares in the last quarter. Wolf Hill Capital Management LP grew its position in Green Plains by 13.7% in the 2nd quarter. Wolf Hill Capital Management LP now owns 1,994,539 shares of the specialty chemicals company’s stock valued at $31,633,000 after buying an additional 240,849 shares in the last quarter. Finally, Clifford Capital Partners LLC increased its stake in Green Plains by 53.7% during the 2nd quarter. Clifford Capital Partners LLC now owns 511,026 shares of the specialty chemicals company’s stock valued at $8,105,000 after buying an additional 178,484 shares during the period.

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.