Green Plains (NASDAQ:GPRE) Reaches New 12-Month Low at $12.16

Green Plains Inc. (NASDAQ:GPRE)’s share price hit a new 52-week low on Tuesday . The stock traded as low as $12.16 and last traded at $12.19, with a volume of 14457 shares changing hands. The stock had previously closed at $12.47.

Analysts Set New Price Targets

GPRE has been the subject of a number of research analyst reports. BMO Capital Markets cut their target price on Green Plains from $22.00 to $17.00 and set a “market perform” rating for the company in a research report on Wednesday, August 7th. Craig Hallum reduced their price objective on shares of Green Plains from $34.00 to $26.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. UBS Group cut their target price on shares of Green Plains from $26.00 to $23.50 and set a “buy” rating for the company in a research note on Monday, August 19th. Oppenheimer cut Green Plains from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 7th. Finally, Truist Financial restated a “buy” rating and set a $25.00 target price (down previously from $30.00) on shares of Green Plains in a report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $26.28.

Green Plains Stock Down 1.8 %

The company has a market capitalization of $791.96 million, a P/E ratio of -9.92 and a beta of 1.53. The company has a current ratio of 1.68, a quick ratio of 1.11 and a debt-to-equity ratio of 0.55. The stock has a 50 day moving average price of $15.11 and a 200 day moving average price of $18.13.

Green Plains (NASDAQ:GPRE) last issued its quarterly earnings results on Tuesday, August 6th. The specialty chemicals company reported ($0.38) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.35). Green Plains had a negative net margin of 1.64% and a negative return on equity of 4.94%. The firm had revenue of $618.83 million for the quarter, compared to analysts’ expectations of $646.70 million. During the same period in the prior year, the company earned ($0.89) EPS. The firm’s quarterly revenue was down 27.8% on a year-over-year basis. On average, research analysts anticipate that Green Plains Inc. will post -0.95 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Green Plains

Several hedge funds and other institutional investors have recently made changes to their positions in GPRE. Broad Bay Capital Management LP raised its position in shares of Green Plains by 17.6% during the 4th quarter. Broad Bay Capital Management LP now owns 2,352,000 shares of the specialty chemicals company’s stock valued at $59,317,000 after buying an additional 352,000 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Green Plains by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 4,213,549 shares of the specialty chemicals company’s stock worth $106,266,000 after acquiring an additional 53,320 shares in the last quarter. Masters Capital Management LLC grew its stake in Green Plains by 25.0% in the fourth quarter. Masters Capital Management LLC now owns 500,000 shares of the specialty chemicals company’s stock valued at $12,610,000 after purchasing an additional 100,000 shares during the last quarter. Rafferty Asset Management LLC raised its holdings in Green Plains by 73.4% in the fourth quarter. Rafferty Asset Management LLC now owns 167,954 shares of the specialty chemicals company’s stock worth $4,236,000 after purchasing an additional 71,099 shares in the last quarter. Finally, Clifford Capital Partners LLC acquired a new position in Green Plains during the 1st quarter valued at approximately $7,688,000.

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.