Green Plains (NASDAQ:GPRE) PT Lowered to $17.00

Green Plains (NASDAQ:GPRE) had its price objective reduced by BMO Capital Markets from $22.00 to $17.00 in a research note released on Wednesday, Benzinga reports. They currently have a market perform rating on the specialty chemicals company’s stock.

A number of other brokerages also recently commented on GPRE. UBS Group lowered their target price on Green Plains from $31.00 to $28.00 and set a buy rating on the stock in a research note on Monday, May 20th. Craig Hallum lowered their target price on Green Plains from $37.00 to $34.00 and set a buy rating on the stock in a research note on Monday, May 6th. Roth Mkm lowered their target price on Green Plains from $55.00 to $40.00 and set a buy rating on the stock in a research note on Monday, May 6th. Truist Financial reaffirmed a buy rating and issued a $25.00 price target (down previously from $30.00) on shares of Green Plains in a research report on Monday, August 5th. Finally, StockNews.com cut Green Plains from a hold rating to a sell rating in a research report on Monday, May 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Green Plains currently has a consensus rating of Moderate Buy and a consensus target price of $26.78.

Green Plains Stock Down 7.0 %

Shares of GPRE stock traded down $1.00 on Wednesday, reaching $13.21. 1,230,765 shares of the company’s stock traded hands, compared to its average volume of 1,146,968. The business’s 50 day moving average price is $16.04 and its two-hundred day moving average price is $19.38. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.18 and a current ratio of 1.75. Green Plains has a 12-month low of $12.77 and a 12-month high of $34.62. The company has a market capitalization of $853.62 million, a P/E ratio of -10.74 and a beta of 1.58.

Green Plains (NASDAQ:GPRE) last issued its earnings results on Tuesday, August 6th. The specialty chemicals company reported ($0.38) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.35). Green Plains had a negative net margin of 2.43% and a negative return on equity of 7.86%. The firm had revenue of $618.83 million during the quarter, compared to analysts’ expectations of $646.70 million. During the same quarter last year, the firm earned ($0.89) EPS. The business’s revenue for the quarter was down 27.8% compared to the same quarter last year. On average, equities analysts forecast that Green Plains will post -0.45 earnings per share for the current year.

Hedge Funds Weigh In On Green Plains

Several large investors have recently made changes to their positions in GPRE. Wolf Hill Capital Management LP lifted its position in shares of Green Plains by 3,036.9% during the 1st quarter. Wolf Hill Capital Management LP now owns 1,753,690 shares of the specialty chemicals company’s stock worth $40,545,000 after purchasing an additional 1,697,784 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Green Plains by 10.6% during the 1st quarter. Vanguard Group Inc. now owns 4,661,374 shares of the specialty chemicals company’s stock worth $107,771,000 after purchasing an additional 447,825 shares during the last quarter. Grizzlyrock Capital LLC acquired a new position in shares of Green Plains during the 4th quarter worth about $10,444,000. Kailix Advisors LLC lifted its position in shares of Green Plains by 39.8% during the 2nd quarter. Kailix Advisors LLC now owns 1,343,269 shares of the specialty chemicals company’s stock worth $22,406,000 after purchasing an additional 382,517 shares during the last quarter. Finally, Broad Bay Capital Management LP lifted its position 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 purchasing an additional 352,000 shares during the last quarter.

Green Plains Company Profile

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.