Shares of Green Plains Inc (NASDAQ:GPRE) have received an average rating of “Buy” from the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $15.67.
GPRE has been the subject of a number of research analyst reports. Stephens initiated coverage on shares of Green Plains in a report on Monday, October 7th. They set an “equal weight” rating and a $12.00 price objective for the company. ValuEngine upgraded shares of Green Plains from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. BidaskClub upgraded shares of Green Plains from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Zacks Investment Research upgraded shares of Green Plains from a “sell” rating to a “hold” rating in a report on Wednesday, October 9th.
In other news, Director S Eugene Edwards acquired 15,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were purchased at an average price of $7.15 per share, with a total value of $107,250.00. Following the transaction, the director now directly owns 45,620 shares in the company, valued at $326,183. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Mangrove Partners Master Fund, sold 51,942 shares of Green Plains stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $8.41, for a total transaction of $436,832.22. Following the completion of the transaction, the insider now directly owns 3,983,012 shares in the company, valued at approximately $33,497,130.92. The disclosure for this sale can be found here. Company insiders own 5.70% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC purchased a new position in shares of Green Plains in the 3rd quarter worth approximately $93,000. First Trust Advisors LP purchased a new position in shares of Green Plains in the 3rd quarter worth approximately $863,000. Appleton Partners Inc. MA purchased a new position in shares of Green Plains in the 3rd quarter worth approximately $135,000. Donald Smith & CO. Inc. grew its position in shares of Green Plains by 16.5% in the 3rd quarter. Donald Smith & CO. Inc. now owns 295,000 shares of the specialty chemicals company’s stock worth $3,126,000 after buying an additional 41,789 shares during the last quarter. Finally, Equitec Specialists LLC purchased a new position in shares of Green Plains in the 3rd quarter worth approximately $32,000. 97.21% of the stock is currently owned by hedge funds and other institutional investors.
GPRE traded up $0.08 on Friday, reaching $15.33. 68,045 shares of the company traded hands, compared to its average volume of 507,961. Green Plains has a one year low of $7.01 and a one year high of $18.48. The firm has a fifty day simple moving average of $11.32 and a two-hundred day simple moving average of $11.57. The company has a market cap of $501.38 million, a P/E ratio of -7.06 and a beta of 1.22. The company has a quick ratio of 0.60, a current ratio of 1.52 and a debt-to-equity ratio of 0.42.
Green Plains (NASDAQ:GPRE) last announced its quarterly earnings data on Tuesday, November 5th. The specialty chemicals company reported ($1.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.15) by $0.09. Green Plains had a negative net margin of 2.46% and a negative return on equity of 17.79%. The company had revenue of $632.35 million during the quarter, compared to analyst estimates of $900.00 million. During the same quarter last year, the business posted ($0.31) EPS. On average, equities analysts forecast that Green Plains will post -4.31 earnings per share for the current year.
About Green Plains
Green Plains Inc produces, markets, and distributes ethanol in the United States and internationally. The company operates in four segments: Ethanol Production; Agribusiness and Energy Services; Food and Ingredients; and Partnership. The Ethanol Production segment produces and sells ethanol, distiller grains, and corn oil.
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