Green Plains (NASDAQ:GPRE) Shares Down 6.2% – What’s Next?

Green Plains, Inc. (NASDAQ:GPRE)’s share price fell 6.2% on Monday . The company traded as low as $9.81 and last traded at $9.6440. 170,559 shares were traded during mid-day trading, a decline of 72% from the average session volume of 609,224 shares. The stock had previously closed at $10.28.

Wall Street Analysts Forecast Growth

GPRE has been the topic of several research reports. Tudor, Pickering, Holt & Co. upgraded shares of Green Plains from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a report on Monday, October 6th. Bank of America boosted their price target on Green Plains from $7.00 to $9.00 and gave the company an “underperform” rating in a research note on Tuesday, October 14th. Wall Street Zen upgraded Green Plains from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Tudor Pickering raised Green Plains from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Finally, Oppenheimer set a $15.00 target price on Green Plains and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $10.00.

Green Plains Stock Performance

The company has a market capitalization of $668.27 million, a P/E ratio of -3.28, a price-to-earnings-growth ratio of 0.72 and a beta of 1.44. The firm has a 50 day moving average price of $9.93 and a two-hundred day moving average price of $9.28. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.20 and a current ratio of 1.68.

Green Plains (NASDAQ:GPRE) last posted its earnings results on Wednesday, November 5th. The specialty chemicals company reported $0.35 EPS for the quarter, topping the consensus estimate of ($0.13) by $0.48. Green Plains had a negative return on equity of 16.78% and a negative net margin of 8.37%.The business had revenue of $508.49 million during the quarter, compared to the consensus estimate of $583.55 million. During the same quarter last year, the company earned $0.69 EPS. Green Plains’s revenue was down 22.8% on a year-over-year basis. On average, research analysts expect that Green Plains, Inc. will post -0.5 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Green Plains

Institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio grew its stake in Green Plains by 46.5% during the second quarter. Public Employees Retirement System of Ohio now owns 5,789 shares of the specialty chemicals company’s stock worth $35,000 after buying an additional 1,838 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Green Plains by 192.2% in the 3rd quarter. GAMMA Investing LLC now owns 4,547 shares of the specialty chemicals company’s stock worth $40,000 after acquiring an additional 2,991 shares in the last quarter. Adamsbrown Wealth Consultants LLC bought a new stake in Green Plains during the 2nd quarter worth approximately $60,000. PNC Financial Services Group Inc. increased its holdings in Green Plains by 19.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 10,122 shares of the specialty chemicals company’s stock valued at $61,000 after purchasing an additional 1,619 shares in the last quarter. Finally, WINTON GROUP Ltd acquired a new stake in Green Plains during the 2nd quarter valued at $61,000.

Green Plains Company Profile

Green Plains Inc is a leading producer of fuel-grade ethanol and related co-products in the United States. Headquartered in Omaha, Nebraska, the company operates an integrated network of biorefineries that convert corn and other grains into renewable fuels. Through its production facilities, Green Plains supplies ethanol to domestic fuel markets and export channels, supporting efforts to reduce greenhouse gas emissions and promote cleaner-burning transportation options.

Beyond ethanol, Green Plains manufactures a range of co-products that add value throughout the agricultural supply chain.