Green Plains (NASDAQ:GPRE) Trading 8% Higher - Here's Why

Green Plains Inc. (NASDAQ:GPRE - Get Free Report) shares were up 8% during mid-day trading on Monday . The company traded as high as $13.15 and last traded at $12.90. Approximately 231,856 shares traded hands during trading, a decline of 79% from the average daily volume of 1,093,323 shares. The stock had previously closed at $11.94.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on GPRE shares. Truist Financial reduced their target price on Green Plains from $25.00 to $18.00 and set a "buy" rating on the stock in a report on Wednesday, October 16th. BMO Capital Markets cut their price objective on Green Plains from $22.00 to $17.00 and set a "market perform" rating on the stock in a report on Wednesday, August 7th. Oppenheimer cut Green Plains from an "outperform" rating to a "market perform" rating in a report on Wednesday, August 7th. UBS Group cut their price objective on Green Plains from $26.00 to $23.50 and set a "buy" rating on the stock in a report on Monday, August 19th. Finally, Craig Hallum cut their price objective on Green Plains from $34.00 to $26.00 and set a "buy" rating on the stock in a report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $25.50.

Green Plains Stock Performance

The stock has a 50-day moving average of $12.82 and a 200-day moving average of $15.60. The firm has a market cap of $846.98 million, a price-to-earnings ratio of -33.95 and a beta of 1.53. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.11 and a current ratio of 1.78.

Green Plains (NASDAQ:GPRE - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The specialty chemicals company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.35). The company had revenue of $618.83 million for the quarter, compared to analyst estimates of $646.70 million. Green Plains had a negative return on equity of 4.81% and a negative net margin of 0.79%. The firm's revenue for the quarter was down 27.8% compared to the same quarter last year. During the same period last year, the firm earned ($0.89) EPS. As a group, analysts anticipate that Green Plains Inc. will post -1.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Point72 Hong Kong Ltd acquired a new position in shares of Green Plains during the 2nd quarter worth approximately $29,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Green Plains during the 2nd quarter worth approximately $41,000. nVerses Capital LLC acquired a new position in shares of Green Plains during the 3rd quarter worth approximately $65,000. Crewe Advisors LLC acquired a new position in shares of Green Plains during the 1st quarter worth approximately $150,000. Finally, DRW Securities LLC acquired a new position in shares of Green Plains during the 2nd quarter worth approximately $168,000.

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.