According to Zacks, “Green Plains Inc. is vertically integrated producer, marketer and distributer of ethanol. The company operates through four segments: Ethanol Production, Corn Oil Production, Agribusiness, and Marketing and Distribution. It produces ethanol and co-products, such as wet, modified wet or dried distillers grains, as well as extracts non-edible corn oil. The company is also involved in buying and selling bulk grain primarily corn and soybeans. Green Plains Inc., formerly known as Green Plains Renewable Energy, Inc., is headquartered in Omaha, Nebraska. “
Other analysts also recently issued reports about the stock. ValuEngine upgraded shares of Green Plains from a hold rating to a buy rating in a report on Wednesday, October 2nd. TheStreet downgraded shares of Green Plains from a c- rating to a d+ rating in a report on Monday, July 1st. BidaskClub upgraded shares of Green Plains from a sell rating to a hold rating in a report on Friday, September 13th. Finally, Stephens assumed coverage on shares of Green Plains in a report on Monday, October 7th. They issued an equal weight rating and a $12.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Green Plains presently has an average rating of Buy and an average target price of $15.67.
NASDAQ GPRE opened at $11.10 on Wednesday. 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 has a 12-month low of $7.01 and a 12-month high of $19.39. The company has a market capitalization of $386.83 million, a PE ratio of -5.12 and a beta of 1.17. The firm’s 50 day moving average is $9.70 and its 200-day moving average is $12.26.
Green Plains (NASDAQ:GPRE) last posted its quarterly earnings data on Monday, August 5th. The specialty chemicals company reported ($1.13) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.78) by ($0.35). Green Plains had a negative net margin of 1.40% and a negative return on equity of 14.93%. The business had revenue of $895.90 million during the quarter, compared to analyst estimates of $822.77 million. During the same quarter last year, the business earned ($0.02) earnings per share. Green Plains’s revenue for the quarter was down 9.2% on a year-over-year basis. As a group, sell-side analysts expect that Green Plains will post -4.07 EPS for the current year.
In other news, Director S Eugene Edwards bought 15,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were acquired at an average cost of $7.15 per share, for a total transaction of $107,250.00. Following the completion of the acquisition, the director now owns 45,620 shares in the company, valued at $326,183. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Mangrove Partners Master Fund, sold 51,942 shares of the business’s stock in a transaction 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 transaction, the insider now owns 3,983,012 shares in the company, valued at $33,497,130.92. The disclosure for this sale can be found here. 5.70% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Campbell & CO Investment Adviser LLC acquired a new position in Green Plains during the second quarter worth $463,000. JPMorgan Chase & Co. increased its holdings in Green Plains by 1,167.5% during the second quarter. JPMorgan Chase & Co. now owns 230,670 shares of the specialty chemicals company’s stock worth $2,376,000 after buying an additional 212,471 shares during the last quarter. Cutler Group LP increased its holdings in Green Plains by 1,415.1% during the second quarter. Cutler Group LP now owns 8,757 shares of the specialty chemicals company’s stock worth $94,000 after buying an additional 8,179 shares during the last quarter. Atria Investments LLC acquired a new position in Green Plains during the second quarter worth $297,000. Finally, Renaissance Technologies LLC increased its holdings in Green Plains by 158.1% during the second quarter. Renaissance Technologies LLC now owns 961,643 shares of the specialty chemicals company’s stock worth $10,367,000 after buying an additional 589,043 shares during the last quarter. Institutional investors and hedge funds own 97.18% of the company’s stock.
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.
Recommended Story: What is a bull market?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Green Plains Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Plains and related companies with MarketBeat.com's FREE daily email newsletter.