Green Plains (NASDAQ:GPRE) Price Target Raised to $18.00 at Oppenheimer

Green Plains (NASDAQ:GPRE) had its target price hoisted by Oppenheimer from $16.00 to $18.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have an outperform rating on the specialty chemicals company’s stock.

A number of other equities research analysts also recently commented on the company. Zacks Research raised Green Plains from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Wall Street Zen downgraded Green Plains from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. UBS Group lifted their target price on Green Plains from $7.00 to $12.00 and gave the stock a “neutral” rating in a report on Tuesday, February 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Green Plains in a report on Thursday, January 22nd. Finally, BMO Capital Markets boosted their price target on Green Plains from $14.00 to $15.00 and gave the company a “market perform” rating in a report on Wednesday, March 25th. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $13.57.

Green Plains Trading Up 0.2%

Green Plains stock opened at $16.25 on Wednesday. The company has a quick ratio of 1.24, a current ratio of 1.79 and a debt-to-equity ratio of 0.47. Green Plains has a 52 week low of $3.33 and a 52 week high of $17.94. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of -8.60, a price-to-earnings-growth ratio of 0.72 and a beta of 1.31. The stock has a 50-day moving average price of $15.32 and a 200 day moving average price of $12.26.

Green Plains (NASDAQ:GPRE) last released its earnings results on Thursday, February 5th. The specialty chemicals company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.10. Green Plains had a negative return on equity of 8.70% and a negative net margin of 5.80%.The firm had revenue of $428.85 million during the quarter, compared to the consensus estimate of $536.56 million. During the same quarter in the previous year, the company posted ($0.86) earnings per share. The company’s revenue was down 26.6% compared to the same quarter last year. Sell-side analysts anticipate that Green Plains will post 0.48 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of GPRE. GAMMA Investing LLC lifted its holdings in Green Plains by 192.2% in the third quarter. GAMMA Investing LLC now owns 4,547 shares of the specialty chemicals company’s stock valued at $40,000 after acquiring an additional 2,991 shares during the period. WINTON GROUP Ltd acquired a new position in Green Plains in the second quarter valued at approximately $61,000. Quarry LP acquired a new position in Green Plains in the third quarter valued at approximately $67,000. Aquatic Capital Management LLC acquired a new position in Green Plains in the third quarter valued at approximately $95,000. Finally, Marex Group plc acquired a new position in Green Plains in the fourth quarter valued at approximately $98,000.

Green Plains Company Profile

Green Plains Inc is a leading producer of fuel-grade ethanol and related co-products in the United States. Headquartered in Omaha, Nebraska, the company operates an integrated network of biorefineries that convert corn and other grains into renewable fuels. Through its production facilities, Green Plains supplies ethanol to domestic fuel markets and export channels, supporting efforts to reduce greenhouse gas emissions and promote cleaner-burning transportation options.

Beyond ethanol, Green Plains manufactures a range of co-products that add value throughout the agricultural supply chain.