Green Plains (NASDAQ:GPRE) Stock Rating Lowered by StockNews.com

Green Plains (NASDAQ:GPRE) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday.

A number of other research analysts also recently issued reports on GPRE. Craig Hallum cut their target price on shares of Green Plains from $37.00 to $34.00 and set a “buy” rating on the stock in a research report on Monday. BMO Capital Markets cut their target price on shares of Green Plains from $25.00 to $22.00 and set a “market perform” rating on the stock in a research report on Monday. UBS Group cut their target price on shares of Green Plains from $33.50 to $31.00 and set a “buy” rating on the stock in a research report on Monday, March 4th. Truist Financial reiterated a “buy” rating and issued a $35.00 price target on shares of Green Plains in a research report on Tuesday, March 26th. Finally, Roth Mkm cut their price target on shares of Green Plains from $55.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $32.57.

Green Plains Trading Down 1.3 %

Shares of GPRE stock traded down $0.27 on Monday, reaching $19.90. 1,209,807 shares of the stock were exchanged, compared to its average volume of 1,213,169. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.75 and a quick ratio of 1.18. Green Plains has a one year low of $19.44 and a one year high of $36.02. The stock has a market cap of $1.29 billion, a PE ratio of -16.18 and a beta of 1.62. The stock has a 50 day moving average price of $21.61 and a 200 day moving average price of $23.36.

Green Plains (NASDAQ:GPRE) last released its earnings results on Friday, May 3rd. The specialty chemicals company reported ($0.81) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.48). Green Plains had a negative net margin of 2.43% and a negative return on equity of 7.86%. The business had revenue of $597.20 million for the quarter, compared to analyst estimates of $654.40 million. During the same quarter in the previous year, the company posted ($1.20) earnings per share. The business’s revenue for the quarter was down 28.3% on a year-over-year basis. Equities research analysts forecast that Green Plains will post 0.28 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Ejnar A. Knudsen III bought 4,000 shares of the company’s stock in a transaction on Monday, February 12th. The shares were purchased at an average cost of $24.73 per share, for a total transaction of $98,920.00. Following the acquisition, the director now owns 40,913 shares of the company’s stock, valued at approximately $1,011,778.49. The purchase was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On Green Plains

Several hedge funds have recently made changes to their positions in GPRE. Grantham Mayo Van Otterloo & Co. LLC grew its stake in shares of Green Plains by 11.9% during the 3rd 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 acquiring an additional 584,257 shares in the last quarter. Grizzlyrock Capital LLC bought a new position in shares of Green Plains during the 4th quarter worth approximately $10,444,000. Broad Bay Capital Management LP grew its stake in shares of Green Plains by 17.6% during the 4th 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 in the last quarter. Kailix Advisors LLC grew its stake in shares of Green Plains by 49.0% during the 1st quarter. Kailix Advisors LLC now owns 960,752 shares of the specialty chemicals company’s stock worth $22,213,000 after acquiring an additional 316,142 shares in the last quarter. Finally, Maven Securities LTD grew its stake in shares of Green Plains by 100.0% during the 3rd quarter. Maven Securities LTD now owns 600,000 shares of the specialty chemicals company’s stock worth $18,060,000 after acquiring an additional 300,000 shares in the last quarter.

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.