Green Plains (NASDAQ:GPRE) Reaches New 12-Month Low - Here's Why

Shares of Green Plains Inc. (NASDAQ:GPRE - Get Free Report) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $11.62 and last traded at $11.64, with a volume of 955752 shares. The stock had previously closed at $11.94.

Analyst Ratings Changes

A number of analysts have recently weighed in on GPRE shares. UBS Group lowered their price objective on Green Plains from $26.00 to $23.50 and set a "buy" rating for the company in a research report on Monday, August 19th. Oppenheimer downgraded Green Plains from an "outperform" rating to a "market perform" rating in a report on Wednesday, August 7th. Truist Financial cut their price objective on shares of Green Plains from $25.00 to $18.00 and set a "buy" rating on the stock in a report on Wednesday. BMO Capital Markets lowered their target price on shares of Green Plains from $22.00 to $17.00 and set a "market perform" rating for the company in a research note on Wednesday, August 7th. Finally, Craig Hallum dropped their target price on shares of Green Plains from $34.00 to $26.00 and set a "buy" rating on the stock in a research report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $25.50.

Green Plains Stock Performance

The firm's 50 day simple moving average is $13.27 and its 200 day simple moving average is $16.45. The firm has a market capitalization of $752.17 million, a price-to-earnings ratio of -9.46 and a beta of 1.52. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.11 and a current ratio of 1.68.

Green Plains (NASDAQ:GPRE - Get Free Report) last issued its earnings results on Tuesday, August 6th. The specialty chemicals company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.35). Green Plains had a negative return on equity of 4.94% and a negative net margin of 1.64%. The business had revenue of $618.83 million for the quarter, compared to analysts' expectations of $646.70 million. During the same period last year, the business earned ($0.89) EPS. The company's revenue for the quarter was down 27.8% on a year-over-year basis. Sell-side analysts forecast that Green Plains Inc. will post -0.95 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of GPRE. Inspire Advisors LLC acquired a new stake in shares of Green Plains during the 3rd quarter worth approximately $185,000. nVerses Capital LLC purchased a new stake in Green Plains during the third quarter worth $65,000. Inspire Investing LLC grew its position in Green Plains by 39.2% during the third quarter. Inspire Investing LLC now owns 33,087 shares of the specialty chemicals company's stock valued at $448,000 after buying an additional 9,325 shares during the period. SG Americas Securities LLC increased its holdings in Green Plains by 106.8% in the third quarter. SG Americas Securities LLC now owns 35,991 shares of the specialty chemicals company's stock valued at $487,000 after buying an additional 18,588 shares in the last quarter. Finally, Clifford Capital Partners LLC raised its position in shares of Green Plains by 53.7% in the second quarter. Clifford Capital Partners LLC now owns 511,026 shares of the specialty chemicals company's stock worth $8,105,000 after acquiring an additional 178,484 shares during the period.

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.