Green Plains (NASDAQ:GPRE) Trading 10.3% Higher

Green Plains Inc. (NASDAQ:GPRE)’s stock price rose 10.3% during trading on Wednesday . The company traded as high as $15.64 and last traded at $15.58. Approximately 83,160 shares traded hands during trading, a decline of 93% from the average daily volume of 1,136,110 shares. The stock had previously closed at $14.13.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on GPRE. BMO Capital Markets reduced their target price 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. Stephens reaffirmed an “equal weight” rating and set a $24.00 price objective on shares of Green Plains in a research report on Tuesday, May 7th. Roth Mkm cut their target price on Green Plains from $55.00 to $40.00 and set a “buy” rating on the stock in a research note on Monday, May 6th. Bank of America reduced their price target on Green Plains from $29.00 to $26.00 and set a “buy” rating for the company in a research report on Tuesday, May 7th. Finally, StockNews.com cut shares of Green Plains from a “hold” rating to a “sell” rating in a report on Monday, May 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Green Plains currently has a consensus rating of “Moderate Buy” and an average price target of $27.67.

Green Plains Trading Up 3.6 %

The company has a debt-to-equity ratio of 0.54, a current ratio of 1.75 and a quick ratio of 1.18. The firm has a market cap of $946.02 million, a price-to-earnings ratio of -11.92 and a beta of 1.58. The firm’s fifty day moving average is $16.22 and its 200-day moving average is $19.51.

Green Plains (NASDAQ:GPRE) last announced its quarterly earnings results on Tuesday, August 6th. The specialty chemicals company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.35). Green Plains had a negative net margin of 2.43% and a negative return on equity of 7.86%. The business had revenue of $618.83 million during the quarter, compared to the consensus estimate of $646.70 million. During the same period in the previous year, the business posted ($0.89) EPS. Green Plains’s revenue was down 27.8% compared to the same quarter last year. Equities analysts anticipate that Green Plains Inc. will post -0.45 earnings per share for the current year.

Institutional Investors Weigh In On Green Plains

Several institutional investors and hedge funds have recently added to or reduced their stakes in GPRE. Future Fund LLC raised its holdings in shares of Green Plains by 5.0% in the 4th quarter. Future Fund LLC now owns 11,456 shares of the specialty chemicals company’s stock worth $289,000 after purchasing an additional 550 shares during the period. Mutual of America Capital Management LLC lifted its holdings in shares of Green Plains by 6.3% in the first quarter. Mutual of America Capital Management LLC now owns 11,071 shares of the specialty chemicals company’s stock worth $256,000 after buying an additional 655 shares in the last quarter. Inspire Investing LLC lifted its stake in Green Plains by 4.1% in the 1st quarter. Inspire Investing LLC now owns 17,200 shares of the specialty chemicals company’s stock worth $398,000 after purchasing an additional 675 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in Green Plains by 2.2% in the 2nd quarter. Louisiana State Employees Retirement System now owns 32,500 shares of the specialty chemicals company’s stock valued at $515,000 after purchasing an additional 700 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of Green Plains by 3.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,565 shares of the specialty chemicals company’s stock worth $670,000 after buying an additional 901 shares in the last quarter.

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.