Shares of Green Plains Inc. (NASDAQ:GPRE - Get Free Report) were down 7.3% on Wednesday . The stock traded as low as $10.74 and last traded at $10.82. Approximately 393,688 shares traded hands during mid-day trading, a decline of 64% from the average daily volume of 1,081,600 shares. The stock had previously closed at $11.67.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on GPRE. Craig Hallum dropped their price objective on shares of Green Plains from $34.00 to $26.00 and set a "buy" rating on the stock in a report on Wednesday, August 7th. BMO Capital Markets reduced their price target on shares of Green Plains from $22.00 to $17.00 and set a "market perform" rating for the company in a research report on Wednesday, August 7th. UBS Group cut their price objective on shares of Green Plains from $26.00 to $23.50 and set a "buy" rating on the stock in a research report on Monday, August 19th. Truist Financial lowered their price objective on shares of Green Plains from $25.00 to $18.00 and set a "buy" rating on the stock in a research note on Wednesday, October 16th. Finally, Oppenheimer downgraded shares of Green Plains from an "outperform" rating to a "market perform" rating in a research note on Wednesday, August 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Green Plains has a consensus rating of "Moderate Buy" and an average price target of $25.50.
Check Out Our Latest Stock Report on GPRE
Green Plains Price Performance
The company has a market capitalization of $702.41 million, a price-to-earnings ratio of -8.84 and a beta of 1.52. The company has a 50-day moving average price of $13.13 and a 200-day moving average price of $16.15. 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 quarterly earnings data 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 net margin of 1.64% and a negative return on equity of 4.94%. The business had revenue of $618.83 million during the quarter, compared to analyst estimates of $646.70 million. During the same quarter in the prior year, the firm posted ($0.89) earnings per share. Green Plains's revenue for the quarter was down 27.8% compared to the same quarter last year. On average, equities research analysts expect that Green Plains Inc. will post -0.95 EPS for the current fiscal year.
Hedge Funds Weigh In On Green Plains
Several hedge funds have recently made changes to their positions in the business. Wolf Hill Capital Management LP lifted its holdings in 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 valued at $40,545,000 after purchasing an additional 1,697,784 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Green Plains by 10.6% during the first 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. Kailix Advisors LLC grew its holdings in shares of Green Plains by 39.8% during the second 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. Clifford Capital Partners LLC bought a new stake in shares of Green Plains during the first quarter worth about $7,688,000. Finally, Lumbard & Kellner LLC bought a new stake in shares of Green Plains during the second quarter worth about $4,685,000.
Green Plains Company Profile
(
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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.
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