Green Plains (NASDAQ:GPRE) Stock Price Down 6.2% – Should You Sell?
by Teresa Graham · The Cerbat GemGreen Plains, Inc. (NASDAQ:GPRE – Get Free Report) dropped 6.2% on Monday . The company traded as low as $9.81 and last traded at $9.6440. Approximately 170,559 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 609,224 shares. The stock had previously closed at $10.28.
Wall Street Analyst Weigh In
Several research analysts have recently commented on the company. Oppenheimer set a $15.00 price objective on Green Plains and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. Roth Capital lowered shares of Green Plains from a “buy” rating to a “neutral” rating and set a $10.00 target price for the company. in a research report on Thursday, November 6th. Tudor, Pickering, Holt & Co. raised shares of Green Plains from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research note on Monday, October 6th. Bank of America increased their price target on shares of Green Plains from $7.00 to $9.00 and gave the stock an “underperform” rating in a report on Tuesday, October 14th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Green Plains in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $10.00.
Get Our Latest Analysis on GPRE
Green Plains Price Performance
The stock has a market capitalization of $690.62 million, a PE ratio of -3.39, a P/E/G ratio of 0.76 and a beta of 1.44. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.68 and a quick ratio of 1.20. The firm’s 50 day simple moving average is $9.97 and its 200 day simple moving average is $9.22.
Green Plains (NASDAQ:GPRE – Get Free Report) last announced its quarterly earnings data on Wednesday, November 5th. The specialty chemicals company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.48. The company had revenue of $508.49 million during the quarter, compared to analysts’ expectations of $583.55 million. Green Plains had a negative net margin of 8.37% and a negative return on equity of 16.78%. The firm’s revenue was down 22.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.69 EPS. As a group, equities analysts forecast that Green Plains, Inc. will post -0.5 EPS for the current fiscal year.
Institutional Investors Weigh In On Green Plains
A number of hedge funds and other institutional investors have recently modified their holdings of GPRE. Vanguard Group Inc. grew its holdings in shares of Green Plains by 2.5% in the third quarter. Vanguard Group Inc. now owns 4,051,231 shares of the specialty chemicals company’s stock worth $35,610,000 after purchasing an additional 99,242 shares during the last quarter. Clifford Capital Partners LLC grew its holdings in Green Plains by 201.2% in the 2nd quarter. Clifford Capital Partners LLC now owns 1,386,961 shares of the specialty chemicals company’s stock worth $8,363,000 after acquiring an additional 926,553 shares during the last quarter. Wolf Hill Capital Management LP increased its position in shares of Green Plains by 19.6% in the third quarter. Wolf Hill Capital Management LP now owns 1,291,815 shares of the specialty chemicals company’s stock valued at $11,355,000 after acquiring an additional 211,303 shares during the period. CenterBook Partners LP increased its position in shares of Green Plains by 76.3% in the second quarter. CenterBook Partners LP now owns 1,165,273 shares of the specialty chemicals company’s stock valued at $7,027,000 after acquiring an additional 504,433 shares during the period. Finally, Kailix Advisors LLC boosted its holdings in shares of Green Plains by 41.4% during the third quarter. Kailix Advisors LLC now owns 1,155,323 shares of the specialty chemicals company’s stock worth $10,155,000 after purchasing an additional 338,000 shares during the period.
About Green Plains
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.