Green Plains (NASDAQ:GPRE) Trading 8.1% Higher – Here’s Why
by Scott Moore · The Cerbat GemGreen Plains, Inc. (NASDAQ:GPRE – Get Free Report) shot up 8.1% during mid-day trading on Monday . The company traded as high as $10.62 and last traded at $10.4730. 1,231,014 shares changed hands during mid-day trading, a decline of 39% from the average session volume of 2,010,877 shares. The stock had previously closed at $9.69.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on GPRE. Tudor Pickering raised shares of Green Plains from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Green Plains in a research report on Wednesday, October 8th. Wall Street Zen raised Green Plains from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Oppenheimer set a $15.00 target price on Green Plains and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. Finally, Zacks Research upgraded Green Plains to a “hold” rating in a research report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $10.00.
Get Our Latest Stock Report on Green Plains
Green Plains Trading Up 4.1%
The firm’s 50-day simple moving average is $10.02 and its 200 day simple moving average is $7.88. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.47 and a quick ratio of 0.94. The firm has a market capitalization of $704.64 million, a price-to-earnings ratio of -4.20 and a beta of 1.28.
Green Plains (NASDAQ:GPRE – Get Free Report) last issued its earnings results on Wednesday, November 5th. The specialty chemicals company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.48. Green Plains had a negative return on equity of 13.65% and a negative net margin of 6.34%.The firm had revenue of $508.49 million for the quarter, compared to the consensus estimate of $583.55 million. During the same quarter last year, the business posted $0.69 EPS. The company’s revenue was down 22.8% compared to the same quarter last year. Equities analysts expect that Green Plains, Inc. will post -0.5 earnings per share for the current year.
Insider Transactions at Green Plains
In other Green Plains news, insider Michelle Mapes sold 30,954 shares of Green Plains stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $9.51, for a total value of $294,372.54. Following the transaction, the insider owned 60,558 shares in the company, valued at $575,906.58. The trade was a 33.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.00% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Green Plains
Hedge funds have recently made changes to their positions in the stock. M&T Bank Corp acquired a new position in Green Plains during the 1st quarter worth approximately $58,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Green Plains during the first quarter worth $422,000. AE Wealth Management LLC acquired a new position in shares of Green Plains during the first quarter worth $141,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Green Plains by 54.4% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,309 shares of the specialty chemicals company’s stock worth $128,000 after buying an additional 9,270 shares in the last quarter. Finally, Corton Capital Inc. bought a new position in shares of Green Plains in the 1st quarter valued at $129,000.
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.
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