Green Plains (NASDAQ:GPRE) Earns Equal Weight Rating from Stephens

Stephens restated their equal weight rating on shares of Green Plains (NASDAQ:GPREFree Report) in a research note published on Tuesday, Benzinga reports. They currently have a $24.00 price target on the specialty chemicals company’s stock.

Other research analysts have also issued research reports about the company. UBS Group decreased their target price on Green Plains from $33.50 to $31.00 and set a buy rating for the company in a research report on Monday, March 4th. StockNews.com cut shares of Green Plains from a hold rating to a sell rating in a report on Monday. The Goldman Sachs Group decreased their price target on shares of Green Plains from $39.00 to $34.00 and set a buy rating for the company in a report on Tuesday, January 30th. Craig Hallum dropped their price objective on shares of Green Plains from $37.00 to $34.00 and set a buy rating on the stock in a research note on Monday. Finally, TheStreet downgraded Green Plains from a c- rating to a d+ rating in a research note on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $30.75.

Check Out Our Latest Research Report on GPRE

Green Plains Stock Performance

Shares of GPRE stock traded down $0.21 during mid-day trading on Tuesday, reaching $19.98. 714,877 shares of the company were exchanged, compared to its average volume of 1,324,664. The business’s 50 day simple moving average is $21.47 and its 200 day simple moving average is $23.21. The company has a quick ratio of 1.18, a current ratio of 1.75 and a debt-to-equity ratio of 0.54. Green Plains has a fifty-two week low of $18.75 and a fifty-two week high of $36.02.

Green Plains (NASDAQ:GPREGet Free Report) last released its earnings results on Friday, May 3rd. The specialty chemicals company reported ($0.81) earnings per share for the quarter, missing the consensus estimate of ($0.33) by ($0.48). Green Plains had a negative return on equity of 7.86% and a negative net margin of 2.43%. The company had revenue of $597.20 million during the quarter, compared to the consensus estimate of $654.40 million. During the same period in the previous year, the firm posted ($1.20) EPS. Green Plains’s revenue for the quarter was down 28.3% on a year-over-year basis. On average, analysts forecast that Green Plains will post 0.27 EPS for the current year.

Insider Buying and Selling

In related news, Director Ejnar A. Knudsen III acquired 4,000 shares of Green Plains stock in a transaction that occurred on Monday, February 12th. The stock was acquired at an average price of $24.73 per share, with a total value of $98,920.00. Following the completion of the acquisition, the director now directly owns 40,913 shares of the company’s stock, valued at approximately $1,011,778.49. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.30% of the company’s stock.

Institutional Trading of Green Plains

A number of institutional investors have recently made changes to their positions in the stock. Quest Partners LLC bought a new stake in shares of Green Plains in the 4th quarter worth $26,000. Covestor Ltd lifted its holdings in shares of Green Plains by 50.4% in the third quarter. Covestor Ltd now owns 2,546 shares of the specialty chemicals company’s stock valued at $76,000 after purchasing an additional 853 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Green Plains in the fourth quarter worth $88,000. iA Global Asset Management Inc. purchased a new position in shares of Green Plains during the 3rd quarter valued at $164,000. Finally, Cape Investment Advisory Inc. bought a new position in Green Plains during the fourth quarter valued at approximately $196,000.

About Green Plains

(Get Free Report)

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.

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Analyst Recommendations for Green Plains (NASDAQ:GPRE)

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