Green Plains (NASDAQ:GPRE) Hits New 1-Year Low at $18.41

Shares of Green Plains Inc. (NASDAQ:GPRE) reached a new 52-week low during trading on Thursday . The company traded as low as $18.41 and last traded at $18.44, with a volume of 429275 shares. The stock had previously closed at $19.40.

Analysts Set New Price Targets

A number of analysts have recently commented on GPRE shares. Craig Hallum dropped their price objective on Green Plains from $37.00 to $34.00 and set a “buy” rating for the company in a report on Monday, May 6th. StockNews.com downgraded Green Plains from a “hold” rating to a “sell” rating in a report on Monday, May 6th. Roth Mkm lowered their price target on Green Plains from $55.00 to $40.00 and set a “buy” rating for the company in a report on Monday, May 6th. TheStreet downgraded Green Plains from a “c-” rating to a “d+” rating in a report on Wednesday, February 7th. Finally, UBS Group lowered their price target on Green Plains from $31.00 to $28.00 and set a “buy” rating for the company in a report on Monday, May 20th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Green Plains currently has an average rating of “Moderate Buy” and an average price target of $30.38.

Green Plains Trading Down 1.6 %

The company has a current ratio of 1.75, a quick ratio of 1.18 and a debt-to-equity ratio of 0.54. The business’s 50-day simple moving average is $21.18 and its two-hundred day simple moving average is $22.59. The company has a market capitalization of $1.18 billion, a PE ratio of -14.85 and a beta of 1.62.

Green Plains (NASDAQ:GPRE) last issued its quarterly earnings results on Friday, May 3rd. The specialty chemicals company reported ($0.81) EPS for the quarter, missing the consensus estimate of ($0.33) by ($0.48). Green Plains had a negative return on equity of 7.86% and a negative net margin of 2.43%. The company had revenue of $597.20 million for the quarter, compared to the consensus estimate of $654.40 million. During the same period in the previous year, the business posted ($1.20) EPS. The business’s revenue for the quarter was down 28.3% on a year-over-year basis. On average, analysts predict that Green Plains Inc. will post -0.16 earnings per share for the current year.

Hedge Funds Weigh In On Green Plains

Several large investors have recently modified their holdings of the stock. Grantham Mayo Van Otterloo & Co. LLC lifted its position in shares of Green Plains by 11.9% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 5,479,901 shares of the specialty chemicals company’s stock worth $164,945,000 after purchasing an additional 584,257 shares during the last quarter. Vanguard Group Inc. raised its stake in Green Plains by 10.6% during the first quarter. Vanguard Group Inc. now owns 4,661,374 shares of the specialty chemicals company’s stock worth $107,771,000 after acquiring an additional 447,825 shares during the period. Broad Bay Capital Management LP raised its stake in Green Plains by 17.6% during the fourth quarter. Broad Bay Capital Management LP now owns 2,352,000 shares of the specialty chemicals company’s stock worth $59,317,000 after acquiring an additional 352,000 shares during the period. William Blair Investment Management LLC raised its stake in Green Plains by 0.5% during the first quarter. William Blair Investment Management LLC now owns 1,805,061 shares of the specialty chemicals company’s stock worth $41,733,000 after acquiring an additional 8,183 shares during the period. Finally, Wolf Hill Capital Management LP raised its stake in Green Plains by 3,036.9% during the first quarter. Wolf Hill Capital Management LP now owns 1,753,690 shares of the specialty chemicals company’s stock worth $40,545,000 after acquiring an additional 1,697,784 shares during the period.

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.