Green Plains, Inc. (NASDAQ:GPRE) Receives $8.83 Consensus PT from Brokerages

Shares of Green Plains, Inc. (NASDAQ:GPRE) have received a consensus rating of “Hold” from the eight brokerages that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $8.8333.

Several research analysts have recently issued reports on the stock. Zacks Research upgraded shares of Green Plains to a “hold” rating in a research note on Monday, August 11th. Bank of America reissued an “underperform” rating and set a $7.00 price target (up from $4.50) on shares of Green Plains in a research report on Thursday, August 14th. Finally, Oppenheimer raised shares of Green Plains from a “market perform” rating to an “outperform” rating and set a $14.00 price objective for the company in a report on Thursday, August 28th.

Insider Transactions at Green Plains

In other Green Plains news, insider Michelle Mapes sold 30,954 shares of the stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $9.51, for a total value of $294,372.54. Following the completion of the sale, the insider owned 60,558 shares of the company’s stock, valued at $575,906.58. This trade represents a 33.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Green Plains

Several institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC grew its position in Green Plains by 193.2% during the first quarter. GAMMA Investing LLC now owns 41,138 shares of the specialty chemicals company’s stock worth $200,000 after buying an additional 27,106 shares in the last quarter. Voleon Capital Management LP bought a new position in shares of Green Plains during the first quarter worth about $358,000. Inspire Investing LLC grew its stake in Green Plains by 52.7% in the first quarter. Inspire Investing LLC now owns 70,629 shares of the specialty chemicals company’s stock valued at $343,000 after purchasing an additional 24,388 shares in the last quarter. ProShare Advisors LLC lifted its holdings in Green Plains by 44.4% during the 4th quarter. ProShare Advisors LLC now owns 19,221 shares of the specialty chemicals company’s stock worth $182,000 after purchasing an additional 5,910 shares during the last quarter. Finally, Two Sigma Investments LP increased its stake in shares of Green Plains by 52.2% in the 4th quarter. Two Sigma Investments LP now owns 114,001 shares of the specialty chemicals company’s stock valued at $1,081,000 after purchasing an additional 39,100 shares during the last quarter.

Green Plains Stock Performance

GPRE stock opened at $9.21 on Friday. The business’s fifty day moving average is $9.15 and its 200-day moving average is $6.40. The company has a market cap of $603.90 million, a P/E ratio of -3.84 and a beta of 1.22. The company has a quick ratio of 0.94, a current ratio of 1.47 and a debt-to-equity ratio of 0.58. Green Plains has a twelve month low of $3.14 and a twelve month high of $14.04.

Green Plains (NASDAQ:GPRE) last released its quarterly earnings results on Monday, August 11th. The specialty chemicals company reported ($0.41) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.13). Green Plains had a negative net margin of 6.34% and a negative return on equity of 13.65%. The business had revenue of $552.83 million during the quarter, compared to analyst estimates of $578.18 million. During the same quarter in the previous year, the firm posted ($0.38) earnings per share. The firm’s quarterly revenue was down 10.7% on a year-over-year basis. Equities research analysts forecast that Green Plains will post -0.5 EPS for the current year.

Green Plains Company Profile

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.