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Green Plains Renewable Energy (NASDAQ:GPRE) announced its earnings results on Tuesday. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.27, StockRatingsNetwork.com reports. The company had revenue of $733.90 million for the quarter, compared to the consensus estimate of $775.70 million. During the same quarter in the previous year, the company posted $0.08 earnings per share. The company’s revenue for the quarter was down 4.1% on a year-over-year basis.

A number of research firms have recently commented on GPRE. Analysts at Jefferies Group raised their price target on shares of Green Plains Renewable Energy from $28.00 to $40.00 in a research note on Wednesday, April 2nd. They now have a “buy” rating on the stock. On a related note, analysts at Imperial Capital raised their price target on shares of Green Plains Renewable Energy from $25.00 to $35.00 in a research note on Monday, March 31st. They now have an “in-line” rating on the stock. Finally, analysts at Imperial Capital raised their price target on shares of Green Plains Renewable Energy from $20.00 to $27.00 in a research note on Friday, February 7th. They now have an “outperform” rating on the stock. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $25.77.

Shares of Green Plains Renewable Energy (NASDAQ:GPRE) traded up 1.14% during mid-day trading on Tuesday, hitting $28.51. 1,030,150 shares of the company’s stock traded hands. Green Plains Renewable Energy has a 1-year low of $11.92 and a 1-year high of $32.60. The stock has a 50-day moving average of $28.90 and a 200-day moving average of $21.91. The company has a market cap of $869.8 million and a price-to-earnings ratio of 22.28.

Green Plains Renewable Energy, Inc (NASDAQ:GPRE) is vertically integrated producer, marketer and distributer of ethanol.

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