Green Plains (NASDAQ:GPRE) Trading Down 6.2% - What's Next?

Green Plains Inc. (NASDAQ:GPRE - Get Free Report) fell 6.2% on Tuesday . The stock traded as low as $11.43 and last traded at $11.43. 611,965 shares were traded during trading, a decline of 44% from the average session volume of 1,084,285 shares. The stock had previously closed at $12.18.

Analyst Ratings Changes

Several brokerages have weighed in on GPRE. Oppenheimer downgraded Green Plains from an "outperform" rating to a "market perform" rating in a report on Wednesday, August 7th. Truist Financial dropped their price objective on Green Plains from $25.00 to $18.00 and set a "buy" rating on the stock in a report on Wednesday, October 16th. UBS Group decreased their target price 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. Craig Hallum decreased their target price on Green Plains from $34.00 to $26.00 and set a "buy" rating for the company in a research report on Wednesday, August 7th. Finally, BMO Capital Markets decreased their target price on 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. One equities research 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.com, Green Plains currently has an average rating of "Moderate Buy" and an average target price of $25.50.

Green Plains Stock Performance

The firm has a market capitalization of $726.32 million, a PE ratio of -9.14 and a beta of 1.52. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.68 and a quick ratio of 1.11. The stock has a 50-day moving average price of $12.98 and a 200-day moving average price of $15.86.

Green Plains (NASDAQ:GPRE - Get Free Report) last posted its earnings results on Tuesday, August 6th. The specialty chemicals company reported ($0.38) EPS 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 the consensus estimate of $646.70 million. Green Plains had a negative net margin of 1.64% and a negative return on equity of 4.94%. 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 company posted ($0.89) earnings per share. On average, research analysts expect that Green Plains Inc. will post -1.05 EPS for the current fiscal year.

Hedge Funds Weigh In On Green Plains

Institutional investors have recently bought and sold shares of the stock. Point72 Hong Kong Ltd acquired a new position in shares of Green Plains in the 2nd quarter valued at $29,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Green Plains during the 2nd quarter worth about $41,000. nVerses Capital LLC bought a new position in Green Plains during the 3rd quarter worth about $65,000. Crewe Advisors LLC bought a new position in Green Plains during the 1st quarter worth about $150,000. Finally, Everence Capital Management Inc. acquired a new position in shares of Green Plains during the 3rd quarter worth about $153,000.

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.