Green Plains Renewable Energy CEO Todd A. Becker Unloads 15,000 Shares (GPRE)
Green Plains Renewable Energy (NASDAQ:GPRE) CEO Todd A. Becker sold 15,000 shares of Green Plains Renewable Energy stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $32.22, for a total value of $483,300.00. Following the completion of the sale, the chief executive officer now directly owns 507,482 shares of the company’s stock, valued at approximately $16,351,070. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on GPRE. Analysts at Stephens upgraded shares of Green Plains Renewable Energy from an “equal weight” rating to an “overweight” rating in a research note on Monday, June 9th. Separately, analysts at Zacks downgraded shares of Green Plains Renewable Energy from an “outperform” rating to a “neutral” rating in a research note on Tuesday, May 6th. They now have a $34.30 price target on the stock. Finally, analysts at Feltl & Co. downgraded shares of Green Plains Renewable Energy from a “buy” rating to a “hold” rating in a research note on Thursday, May 1st. They now have a $27.84 price target on the stock, down previously from $32.30. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $28.86.
Shares of Green Plains Renewable Energy (NASDAQ:GPRE) traded down 1.11% during mid-day trading on Wednesday, hitting $32.10. The stock had a trading volume of 668,043 shares. Green Plains Renewable Energy has a 52-week low of $11.92 and a 52-week high of $32.60. The stock has a 50-day moving average of $28.80 and a 200-day moving average of $25.23. The company has a market cap of $1.201 billion and a price-to-earnings ratio of 14.79.
Green Plains Renewable Energy (NASDAQ:GPRE) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $1.04 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.77 by $0.27. The company had revenue of $733.90 million for the quarter, compared to the consensus estimate of $775.70 million. During the same quarter last year, the company posted $0.08 earnings per share. Green Plains Renewable Energy’s revenue was down 4.1% compared to the same quarter last year. Analysts expect that Green Plains Renewable Energy will post $3.09 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, June 20th. Shareholders of record on Friday, May 30th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend is Wednesday, May 28th.
Green Plains Renewable Energy, Inc (NASDAQ:GPRE) is vertically integrated producer, marketer and distributer of ethanol.
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